(September 2022)
Printers have unique exposures;
however, they do not rise to the level where they are covered as professional. Losses
involve errors or omissions that may occur while preparing and completing
printing processes and services.
Printers errors and
omissions liability coverage is an important part of the insurance protection that
printing operations need. BP 08 04–Printers Errors and Omissions Liability was
developed to provide this important insurance protection for printing
operations that meet the Businessowners Program eligibility criteria.
Note: This coverage applies
to only printing errors and omissions. It does not apply to operations that
involve writing or publishing.
The coverage provided by this endorsement is subject to the Business
Liability provisions. The coverage provided by Business Liability is extended
to apply to damages due to the insured's negligent acts, errors, and omissions in
its providing of printing services.
This coverage is for amounts the insured is legally liable for due
to damage that results from any negligent act, error, or omission an its
providing of printing services.
Section II–Liability B. Exclusions is changed in a number of ways.
1. Paragraph m.
Damage to Your Work and only item (6) of paragraph k. Damage to Property do not
apply to this coverage.
2. Six exclusions
are added. The coverage this endorsement provides does not apply to any claim:
a. That results
from criminal acts the insured or any person for whom it is responsible
commits. This includes fraud but is not limited to just it.
|
Examples: Piper
Printing and other printers in the local area intentionally set excessively
high rates for their services. Customers sue Piper after they discover the
collusion. This incident is excluded. Piper
Printing guarantees a specific quality of paper and ink for a specific job.
In order to cut costs, it uses lesser quality paper and ink but still
represents these materials as the more expensive ones. Piper is sued but this
incident also is excluded. |
b. That results
from infringing on copyright, trademark, trade name, or service mark by using
them with goods, products, or services the insured sells, advertises, or offers
for sale
Note: Infringing
does not apply to titles or slogans.
Example: There is no coverage if Piper Printing uses the logo of
a well-known, reputable printing franchise without its authorization in order
to gain customers. |
c. That involves
reimbursement of costs of printing materials or printing materials
Note: While most other damages are covered, the insured's actual
costs of printing and the materials it uses are not. The insured is responsible
for funding these expenses from its own resources.
Example: Piper Printing
prints a brochure for a resort that incorrectly advertises room rates at $50
per night instead of the correct rate of $250 per night. Fortunately, it
discovers the mistake before it sends the brochures to the resort. Since a
special job run is required, Piper calls in some employees who work for time
and a half rates and also incurs other additional expenses to reprint the
brochure. These costs are not covered. Coverage applies if Piper delivered
the incorrect brochures and was sued by the customer but the costs of
printing and materials are not. |
d. That involves
the insured's insolvency or bankruptcy
Example: Piper Printing files for bankruptcy. This results in a
number of jobs not being finished. Coverage does not apply to the suits filed
against Piper for the jobs it did not finish. |
e. That involves
the insured's publishing activities
Note: Coverage
applies when the insured prints to the specifications of others. It does not
apply to damages that result when it develops, designs, writes, or commissions
the actual copy or text used.
f. That result
from writing material for the insured's customers.
Note: Writing is
considered part of publishing and is excluded.
This section amends the
liability and medical expenses limits of insurance to include printing acts,
errors, and omissions.
Any act, error, or omission combined with all related acts, errors, or
omissions in providing these services is treated as a single act, error, or
omission when determining this endorsement's limits of insurance.