Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number. (read more)
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it. (read more)
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Graphic Designers Advertisers Insurance Florida
Graphic Designers Advertisers Insurance Florida. As a graphic designer, protecting your business with a business owner insurance policy is probably the last thing on your mind. However, this type of policy is essential for running any type of business. Even though you may do the bulk of your work on a computer, that doesn't mean that you're immune from liability lawsuits that can be brought against you from clients.
Graphic designers use computer-assisted design programs, audiovisual equipment, and printing or reproduction processes to develop commercial advertising, websites, or publishing. They often work independently. Their work can include a wide variety of processes, such as photography, video filming, or painting.
A graphic designers advertisers insurance Florida business owner's policy can provide you with protection if you find yourself on the receiving end of a lawsuit.
Graphic designers advertisers insurance Florida protects your firm from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
What Is An Graphic Designers Advertisers Insurance Business Owner's Policy?
This graphic designers advertisers insurance Florida which is usually abbreviated as BOP, serves the needs of most advertising, graphic design and media service providers. A BOP provides three types of coverages under one policy, making it a breeze to bundle your insurance requirements for simplicity and complete coverage. Graphic designers can purchase BOP policies on their own or with other insurance policies they might need.
Standard BOP policies include:
- Business liability coverage. This protects your business from liability claims and the financial fallout from several types of lawsuits. For instance, if a client becomes injured while visiting your office - say they trip on your rug or slip on your linoleum floor - this insurance pays for the claims against you. It shouldn't be viewed as a professional liability policy, though, since it won't cover damages that result from when you provide professional services to a client.
- Business property coverage. The building that you operate your advertising business or graphic design business out of and the furniture, equipment, office supplies, graphic design software, and other items are protected from loss under business property coverage in most BOP policies. For instance, if your computer gets fried during a lightning storm, this policy has you covered—and it pays for both owned and leased items.
- Business income insurance. This policy protects your business from financial loss in the event that something happens that causes you to be unable to keep your business open. For instance, if a tree falls down during a storm and crashes through the roof of the building that you operate your business out of, this type of policy will enable you to recoup lost income while your business is closed for repairs.
Who Needs a BOP Policy?
While a graphic designers advertisers insurance Florida purchase is not required under any state or federal laws, there are quite a number of professionals and small business owners who may benefit from them. You may need a BOP policy if you:
- Are in a line of work in which you face the potential of being sued.
- Possess assets that can be damaged or stolen, including digital information, customer data, equipment, and furniture.
- Conduct your business out of a physical location, including rented office space or home offices.
Additional Graphic Designers Advertisers Insurance Florida Coverages
A standard BOP policy may provide most of the coverage your small business needs, there are other types of graphic designers advertisers insurance Florida coverage available for advertising, graphic design and media service professionals, such as:
- Professional liability coverage. The work you provide your clients is important, but if your services lead to damage for a client, they may have grounds to sue you. Professional liability coverage enables you to worry less about the financial hardship paying claims could cost you.
- Accounts receivable coverage. Most likely you store important records or data for clients; if something happens which requires you to research to recover the data or you have to hire someone else to do so, this coverage covers the cost.
- Computer breach. Clients expect you to protect the sensitive information stored in your computer system. If a data breach occurs and confidential information is leaked or compromised, this coverage allows you to handle claims against you and pay out monetary settlements as a result.
- Workers compensation coverage. If you have employees working under you, then it's essential that you purchase a worker's compensation policy, which covers losses due to sickness or physical injury deemed to be job-related.
- Employee dishonesty coverage. It's important that you protect your clientele from dishonest employees who might gain access to confidential information and cause your clients' a financial loss.
- Commercial auto insurance. If your line of work requires you to use a car, truck, SUV, or other vehicle, this vehicle is required to have commercial auto insurance. For instance, if you drive to a clients' home or place of business to discuss project perimeters, the vehicle you drive should be covered by commercial auto insurance, since you are using it for work-related travel.
Learn more about graphic designers advertisers insurance Florida BOP policies for advertising, graphic design and media service providers by speaking with a licensed agent now. An agent can help you decide on the right policy for your needs and customize any add-ons you may require to protect your business from all angles.
FL Graphic Designer's Risks & Exposures
Premises liability exposures are minimal on site due to lack of public access. If visitors are permitted in design or process areas, aisles must have adequate space and be free of debris. Flooring should be in good condition with no frayed or worn spots on carpet, and no cracks or holes in flooring. Sufficient exits must exist and be well marked, with backup systems in case of power failure.
Parking lots and sidewalks need to be in good repair with snow and ice removed, and generally level and free of exposure to slips and falls. Off-site exposures can be extensive. Areas should be secured to prevent injury to the general public, who may trip over equipment or artwork or be struck by falling objects. An off-premises shoot may also attract unwanted attention from children.
Professional liability exposures include personal and advertising injury, errors in design, allegations of trademark or copyright infringement, and breach of a client’s confidentiality. Prototypes and designs should be approved by the client in writing prior to final publication or dissemination. Conflicts of interest may arise if the designer works for two competitors.
Environmental impairment exposure may be a concern if operations include printing. The chemicals or solvents used may produce vapors, fumes, and byproducts that contaminate air, soil, or water. Disposal must adhere to EPA standards.
Workers compensation exposures can be limited to that of an office. As work is done primarily on computers, potential injuries include eyestrain, neck strain, carpal tunnel syndrome, and similar cumulative trauma injured that can be addressed through ergonomically designed workstations. Back sprains and strains can result from lifting heavy artwork. If printing is done on premises, workers may inhale chemicals or be injured by machinery.
Property exposure may be limited to office equipment such as computers and photocopiers if the designer outsources printing operations. If printing is done on premises, ignition sources include electrical wiring, heating and air conditioning systems, wear, and overheating of equipment. The use of hot metals, molds, chemicals, inks, or dyes, coupled with flammable solvents and combustible paper supplies, presents a high fire potential.
Studios may be targeted by thieves. Appropriate security controls should be taken including physical barriers to prevent access to the premises after hours and an alarm system that reports directly to a central station of the police department.
Crime exposure is from employee dishonesty. Hazards increase in the absence of proper background checks and monitoring of the insured’s workers who may have such access. Inventory and disbursement duties should be separated and regular audits performed.
Inland marine exposures include accounts receivable if the designer offers credit, cameras, computers, and valuable papers and records for customers' and suppliers' information. Computer-aided design programs may be used in the development process. There should be a frequent backup and off-site data storage of duplicates. High-valued audiovisual equipment taken to off-site premises may be a target for theft.
Commercial auto exposures may be limited to hired and non-ownership. If owned vehicles are used to pick up supplies or deliver the end product to the client, all drivers must have appropriate licenses and acceptable MVRs. If vehicles are supplied to employees, there should be written procedures regarding personal use by employees and their families. Vehicles must be maintained and records kept in a central location.
Florida Economic Data And Commercial Insurance Requirements
If you are thinking about starting up a business in the state of Florida, it's important to understand the economic standing of the state before you set up shop. Furthermore, you should understand the rules and regulations regarding FL commercial insurance.
With this information, you will be able to determine if Florida is the right place for your business, and if so, what type of insurance you will need to carry to protect yourself, your employees, and the people that you serve.
Economic Trends For Businesses In FL
Florida is known as the sunshine state, and the economic outlook for this state is just as bright as the weather. It is estimated that the economy in Florida will reach $1 trillion by the end of the 2019 calendar year. However, while financially, the economy is expected to boom, it is forecasted that job growth will decline.
The reason for the economic boom? While businesses do certainly contribute to the economy, industry isn't the reason why Florida's economy is expected to soar; the residents that move to the state are largely responsible for its economic growth. Approximately 898 people move to Florida every day, and those new residents bring a tremendous amount of income for the state.
In terms of job growth, the rate of new jobs has been its highest since 2007; however, it is forecasted to slow during 2018. Approximately 180,000 new jobs will be added in 2018, which is slightly less than the new jobs that were added in 2017.
The industries that contribute the most to Florida's economy include:
- Aviation & Aerospace
- Financial Services
- International Trade
- Life Sciences
Commercial Insurance: Regulations & Limits In Florida
The Florida Office of Insurance Regulation regulates insurance in FL. The only type of coverage that business owners must carry is workers' compensation. Organizations in any industry must carry this type of coverage if they employ a staff of hourly or salaried workers. But, organizations that employ three or less people are not legally required to carry this type of coverage.
Business owners are also required to carry commercial auto insurance if they use any vehicles for their operations, such as making deliveries or transporting goods. Commercial liability insurance is another type of coverage that Florida business owners should consider carrying, though they are not legally required to have this type of insurance.
Additional Resources For Advertising, Marketing & Media Insurance
Learn about small business media liability insurance - a specialized form of professional liability insurance that provides protection for legal claims brought by third parties.
- Advertising Agency
- Call Center
- Graphic Designers
- Market Research Firm
- Marketing Consultant
- Public Relations
- Search Engine Services SEO
- Social Media Consultant
Media operations are fast-paced businesses with unique property and liability insurance exposures. They depend more and more on computer systems and up-to-date software programs. These businesses usually have extensive contracts with both freelance individuals and corporations.
In addition, personal injury liability and confidentiality issues must be addressed. Insurance coverage for these concerns must be as comprehensive, flexible and responsive as the organization seeking it.
Advertising and Media Liability Insurance provisions are not standardized, so it is critical to carefully review a particular form's basic features and available coverage options. While some carriers offer coverage on an open perils basis, most will provide coverage only on a named perils basis.
The named perils generally include coverage against allegations involving defamation, disparagement of an individual's reputation, product disparagement, invasion or infringement of the right of privacy, infliction of emotional distress, plagiarism, piracy, infringement of copyright, trademark, or other intellectual property, newsgathering torts such as trespass and assault, unfair competition with respect to other covered communication perils, and errors and omissions.
Coverage can be written on a claims-made basis or on occurrence-based forms. The occurrence basis affords additional protection to the insured as coverage is provided for a claim or event occurring during the policy period, even if the coverage expires or is cancelled or nonrenewed.
Most media liability policies provide a Limit of Liability per event, plus an Aggregate Limit of Liability for all events covered during the policy term. Some carriers now offer coverage without requiring an Aggregate Limit of Liability. Such a policy is an advantage to the insured as this eliminates the fear that the policy limits will run out before the policy expires.
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Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.