Following Istockphoto’s announcement in September Shutterstock announced today that it will legally guarantee every file in its vast library by providing up to $10,000 to cover legal costs and direct damages for claims arising from the use of an image or footage clip licensed through Shutterstock.
Shutterstock has now gone a step further by covering key areas of liability, including copyrights, trademarks and rights of privacy and publicity. Under the new plan, which begins today, every file in Shutterstock’s expansive library – which consists of more than 8.5 million images and 140,000 footage clips – will be guaranteed.
“We’ve become an industry leader by earning the trust of stock image and footage buyers worldwide,” said Jon Oringer, CEO and founder of Shutterstock. “Although claims involving our content are extremely rare, we wanted to give our customers an even higher level of comfort by providing up to $10,000 in indemnification.”