Tag: crisis communication

From Tweets to Trends: Protect Yourself from Social Media Cancellation

Nordstrom
Social Media Cancellation

New Insurance Policy Offers Coverage for Social Media “Cancellation” The concept of cancel culture has burrowed into modern life, leaving many worrying about how quickly an online misstep—or even a baseless rumor—can upend careers, relationships, and financial security. Now, a London-based insurance firm, Samphire Risk, is stepping in with a unique solution aimed at helping individuals manage and recover from the fallout of being “canceled.” This new policy, aptly named “Preempt,” provides resources and support for navigating a reputational storm rather than traditional financial reimbursement. What Is “Cancellation Insurance”? Cancellation…

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Chartis adds reputation risk insurance product to its offerings

Julie Campbell

Chartis insurance company has announced that it has added ReputationGuard, a reputation insurance product, to its available policies, and that it will help to protect policyholders with the aftermath of threats to their reputation. This policy was developed by the Executive Liability division at Chartis. It provides policyholders with access to crisis communications and reputation professionals and gives them coverage for any costs that are incurred as a result of the impact or possible effect of negative publicity. What they came up with was an innovative new form of coverage…

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