dickstein shapiro llp pax dev 2014 presentation: insurance for game developers and publishers
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Erin Webb Dickstein Shapiro LLP PAX Dev 2014 Presentation: Insurance 101 for Game Developers and Publishers - Are You Covered? August 28, 2014TRANSCRIPT
© 2014 Dickstein Shapiro LLP. All Rights Reserved.
Insurance 101 forGame Developersand Publishers:Are You Covered?PAX Dev 2014August 28, 2014
Erin L. Webb, Dickstein Shapiro LLP
Sara Owens, Hub International andGNW Evergreen Insurance Services
#3247763
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Why is insurance important?
Introduction
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Why is insurance important?
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Protection
Requirements
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Insurance Can Protect Your Business
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The Right Fit Is Important
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Avoiding an Overpowered Insurance Program
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Avoiding Gaps in Coverage
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The Underwriting Process
• Video games are new to insurers
• Insurance can be new to video game companies
• Working with a knowledgeable broker is essential
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The Underwriting Process
Company
Broker
Insurer
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The Underwriting Process
• Entertainment
• Software
• Both
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Positioning Your Claim to Maximize Coverage
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How to Respond to a “No” From Your Insurer
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How to Respond to a “No” From Your Insurer
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How to Respond to a “No” From Your Insurer
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How insurance can impact your business at any size
The Story of Gameco
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Small Business: Two-Person DevelopmentTeam – Gameco
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Small Business: Two-Person DevelopmentTeam – Gameco
• Infringement claims and“Advertising Injury”
– Konami v. Hartford
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Small Business: Two-Person DevelopmentTeam – Gameco
• Infringement claims and“Advertising Injury”
– Konami v. Hartford
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CGL
CoverageB
Advertising
Infringement
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Small Business: Two-Person DevelopmentTeam – Gameco
• Infringement claims and “Advertising Injury”
– Hyundai Motor America v. National Union
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Small Business: Two-Person DevelopmentTeam – Gameco
• Rights, rights, rights
• Errors and Omissions coverage
• ID@Xbox
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Medium-Size Business: Gameco, Inc.
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Workers’Compensation
EmploymentPractices Liability
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Medium-Size Business: Gameco, Inc.
• Types of Claims
• Risk Management
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Large Business: Gameco Conglomerated
• Specialized Cyber Policies
– Sony v. Zurich
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Conclusion
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Conclusion
• Company + Broker + Counsel = Teamwork
– Attorney-Client Privilege issues
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Counsel Broker
Insurer
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Conclusion
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Where aremy
sunglasses?
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Conclusion
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Speakers
Erin L. Webb is a SeniorManaging Associate at DicksteinShapiro LLP. She is a member ofthe Insurance Coverage group inthe Washington, DC office andhas significant experiencerepresenting companies in theentertainment and technologyfields in disputes with theirinsurers. She can be reached [email protected] or(202) 420-2607. Follow her onTwitter @erinlwebb.
Sara Owens is a Vice President atHub International, a division ofGNW Evergreen Insurance Services.She is a broker with extensiveexperience placing insurance forcompanies in the entertainmentsoftware industry, and designingrisk management strategies for thegame industry. Sara is the creator ofGame Guard, a proprietaryinsurance and risk managementsolution for video game publishersand developers. She can be reachedat [email protected] or(818) 257-7465.
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