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TheBritishVillain

Do you think Linus Media Group has professional indemnity insurance to protect themselves when it comes to their YouTube content?

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Posted · Original PosterOP

I bet they more than likely do, considering it is extremely inexpensive to buy, but i'm just curious as to whether they have it. Title mainly for attention really but going on to my main point...

 

Do you think YouTubers (of all kinds) need professional indemnity insurance or is it just another unnecessary cost?

 

If you don't know what PI is, this post really isn't meant for you but it generally covers:

  • Negligence – being careless in your work, such as giving bad advice or making a mistake
  • Infringement of intellectual property rights – for example re-using content from a website without permission including copyrighted and trademarked material
  • Defamation – making false or damaging claims about a person or organisation
  • Breach of confidence – sharing confidential or commercially sensitive information without consent

I feel like the above could certainly assist a YouTuber in some way, especially the infringement parts, but I imagine YouTube probably has some clauses or safeguards that prevents hardcore legal action (insert H3H3) rendering the PI insurance useless.

---

What are people's thoughts on this and have any of you ever encountered any legal issues on YouTube?


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Linus seems very aware of any requirements or best practices and I'd imagine he is fully insured.  


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That's a good question - I didn't even know that's a thing.

 

8 hours ago, nick name said:

Linus seems very aware of any requirements or best practices and I'd imagine he is fully insured.  

Yup,  pretty much.  Still a good question - and if it's even applicable for youtube... 


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Posted · Original PosterOP
6 minutes ago, Carlos Rodriguez said:

wow does that guy have cancer he look like he dying

Probably from all the insurance he is paying.


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Just general insurance people get has something for covering sudden legal fees. I would expect high class country such as Canada has many insurance companies offering something like that to companies too. But overall, its just good business practice to keep some assets ready for worst case scenario. Like think of fire at their warehouse, or robbery. Or if something would happen when they are working on-location. They aren't like Austin Evans working from home. I doubt that tech community would rise up to give million dollar company new cameras and editing PCs.


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Also me:  Insurance should be called "In Case Shit Happens"


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I'm with Louis on this one, you should only get the bare minimum that you're required by law, and even then you shouldn't make a claim unless it's absolutely necessary (ie. costing over $100k)

 

If you can afford to pay the claim yourself out of pocket, then you should. Insurance should only be used if you literally can't afford to solve the problem.

 

Plus, if you actually read through the insurance terms, you'll find that you're actually insured for very little, just about everything you think it would be useful for is excluded some way or another. My personal favourite is that 'acts of god' are excluded, yet most insurers I've seen don't provide a definition of this so they could twist it to cover just about anything (I wonder if they have ever used that to get out of paying after a terrorist attack?)


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