Graphic Arts Insurance Policy Information
Graphic Arts Insurance. Whether you design websites, pamphlets, posters, marketing materials, signs, corporate logos, or any other type of digital or printed artwork, as a graphic artist, the services you provide are invaluable.
Graphic arts include various types of art forms used for design, advertising, or publishing purposes, including two-dimensional drawings, paintings, photography, and computer-generated images.
Graphic artists use their imaginations to develop the art, then may print using a computer or outsource the reproduction of more complicated imagery or processes such as monotyping or wood prints. Web design services may be offered. Delivery service may be offered to customers.
You've worked hard to get to where you are and have invested a lot in your business. Honing your craft, getting all necessary certifications, setting up your work space, marketing, landing clients, hiring employees, and making sure that the services you provide meet the needs of your clients; you have a lot on your plate and you want to ensure that you are as successful as possible.
When you're setting your graphic art business up, there's one thing that's vital to your success and that you don't want to overlook: graphic arts insurance coverage.
Why do you need to be insured? What type of coverage do you need to carry? Read on to find out why commercial insurance is so important and how you can ensure your business is protected.
Graphic arts insurance protects graphic artists from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked graphic artists insurance questions:
- How Much Does Graphic Arts Insurance Cost?
- Why Do Graphic Arts Businesses Need Insurance?
- What Type Of Insurance Do Graphic Arts Businesses Need
How Much Does Graphic Arts Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small graphic arts businesses ranges from $27 to $49 per month based on location, size, payroll, sales and experience.
Why Do Graphic Arts Businesses Need Insurance?
Just like a business in other industries, as a graphic artist, you face numerous risks. Some of those risks are similar to the risks that all businesses face, and some are unique to your industry.
Examples of some of the risks that graphic arts businesses face include:
- A client could file a lawsuit against you claiming that you didn't deliver the results you promised
- A third-party could suffer an injury while on your commercial property
- An employee could sustain a work-related injury
- You may have to shut down your office for a prolonged period of time
- Your computer system could be compromised in a cyberattack
- Your office could be damaged by an act of nature, theft, or vandalism
These are just a few examples of the types of incidents that could arise, and as the owner and operator of your graphic arts business, you are liable for any unforeseen circumstances that come up. In other words, you will be required to pay for the related expenses, and as you can imagine, those expenses can be quite exorbitant.
That's why it's so important to have the right type of graphic arts insurance coverage.
If you're insured and something does go wrong, instead of having to pay for the related expenses out of your own pocket, your insurer will cover the related costs for you. If something does go wrong, as long as it's covered by your policy, you won't have to shell out the money, which means that you could save a substantial amount and potentially avoid financial ruin.
What Type Of Insurance Do Graphic Arts Businesses Need?
There are several types of graphic arts insurance coverage that graphic artists require, but the specific types of policies you'll need depend on the unique factors that pertain to your business; where your office is located, the specific type of graphic arts work you do and the clients you work with, as well as whether or not you employ a staff.
In order to make sure that you have the coverage you need, it's important that you consult with a reputable insurance agent. An experienced broker will be able to help you develop a robust plan that will offer you all of the coverage you need to properly protect your business.
Here's a look at some of the vital types of graphic arts insurance coverage that you'll want to have:
- Commercial Property: This coverage will protect your graphic arts business from acts of nature, theft, or vandalism that may impact your business, as it will pay for any repairs that need to be made or items that need to be replaced.
- Commercial General Liability: To protect yourself from third-party liability property damage and personal injury claims, you'll need this type of coverage. It will cover the cost of legal defense fees and settlements if someone files a lawsuit against you.
- Cyber Insurance: If your computer systems are hacked and your intellectual property or the property of a client is compromised, this coverage will help to pay for the related expenses.
These policies are just a few examples of the type of graphic arts insurance you'll need to carry as a graphics artist.
Graphic Arts' Risks & Exposures
Premises liability exposures are generally minimal as visitor access is limited to offices or conference rooms where the design may be discussed away from production areas. Slips and falls can be reduced through good housekeeping and maintenance. Aisles must be kept clear, and floor coverings must be in good condition.
Steps and uneven floor surfaces should be prominently marked. Sufficient exits must be provided and be well marked with backup lighting systems in case of power failure. Parking areas and sidewalks should be in good repair and kept clear of ice and snow.
There should be a disaster plan in place for unexpected emergencies. If some of the work is outsourced, certificates of insurance should be maintained to verify that adequate limits of liability are carried.
Environmental impairment exposure can be high if printing is conducted on premises due to waste disposal of the inks and solvents which can contaminate groundwater, soil, or air. Spill procedures must be in place to prevent the accidental discharge of inks through the drains. Contracts should be in place to dispose of all environmentally dangerous chemicals.
Professional liability exposure comes from errors and omissions which can range from blurry images or type to miskeying prices in an advertisement to missing a critical deadline. All copy, including changes, must be documented in writing and signed by the customer before the run begins.
If web sites are designed, the graphic artist is responsible for all content. Allegations of trademark or copyright infringement can result in substantial damages.
Workers compensation exposure may be limited to that of an office if design work is done on computers. Potential injuries include eyestrain, neck strain, carpal tunnel syndrome, and similar cumulative trauma injuries that can be addressed through ergonomically designed workstations.
The exposure increases if processes include the use of chemicals or machinery. Workers can be injured by electrical shocks, excessive heat, slips and falls, back sprains from lifting, cuts, dust inhalation, foreign objects in the eye, and hearing impairment from noise. Workers should be trained in material lifting and the proper use of conveying devices. Continual standing can result in musculoskeletal disorders of the back, legs, or feet.
Employees working with presses can be injured by fingers or hair being drawn into the machine or coming into contact with moving parts. Training is required for any employee operating machinery or forklifts. Guards on machinery must be maintained.
Safety equipment is a must. All employees must be informed of the possible effects of chemicals so that they can recognize early warning signs of problems.
Property exposures may be limited to office equipment such as computers and photocopies if the designer outsources more complicated printing operations. If printing or woodworking is done on premises, exposures will be high due to the combination of flammable liquids, primarily inks, dyes, lacquers, and solvents, wood dust, molds, the large quantities of combustible paper stock, the use of hot metals and molds, and numerous ignition sources from the printing machinery and equipment.
Electrical wiring must meet current codes and be adequate for the occupancy. Ongoing maintenance of equipment is critical as even a small fire can result in substantial damage. There should be automatic shutoffs to prevent overheating of the machinery. Fire or explosion can result from the accumulation of dust particles from paper. Smoke detectors and fire suppression devices are highly recommended.
Extension cords should not be used. Flammable liquids must be stored in a cool place away from heat sources with no more than one day's supply in the processing area. Finished items should be stored separately from raw materials and the processing area. Smoking should be prohibited.
To prevent theft, there should be appropriate security controls including physical barriers to prevent entrance to the premises after hours and an alarm system that reports directly to a central station or the police department.
Business interruption exposures can be high due to the length of time needed for repairs or replacement and the unavailability of backup resources.
Inland marine exposure is from accounts receivable if the studio offers credit, bailees for items belonging to customers, computers (which may include computer graphic design software), goods in transit if deliveries are made, and valuable papers and records for customers' and vendors' information.
Copies of all records should be stored off site to enable easy restoration. There may be a fine arts exposure from expensive or unique artwork.
Crime exposure is from employee dishonesty. Background checks, including criminal history, should be performed on all employees handling money. There must be a separation of duties between persons handling deposits and disbursements and reconciling bank statements. Physical inventories and audits should be conducted at least annually.
Business auto exposures are normally limited to hired and non-owned for employees running errands. If vehicles are provided to employees to take home, there must be a written policy regarding personal and permissive use.
All drivers and those family members who may use the vehicles must have appropriate licenses and acceptable MVRs which are checked regularly. Vehicles must be maintained on a regular basis with the records kept in a central location.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7336 Commercial Art and Graphic Design
- NAICS CODE: 541430 Graphic Design Services
- Suggested ISO General Liability Code(s): 58409, 584087
- Suggested Workers Compensation Code(s): 8810, 4299
Description for 7336: Commercial Art and Graphic Design
Division I: Services | Major Group 73: Business Services | Industry Group 733: Mailing, Reproduction, Commercial Art And Photography, and Stenographic Services
7336 Commercial Art and Graphic Design: Establishments primarily engaged in providing commercial art or graphic design services for advertising agencies, publishers, and other business and industrial users.
- Artists commercial
- Chart and graph design
- Commercial art and illustration
- Film strip and slide producers
- Graphic arts and related design
- Silk screen design
- Slide film producers
- Still film producers
Graphic Arts Insurance - The Bottom Line
To discover what kinds of graphic arts insurance coverage you'll need to fully protect your business, speak with a reputable broker who specializes in commercial insurance for graphic artists.
Types Of Small Business Insurance - Requirements & Regulations
Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.
Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.
Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.
Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.
Small Business Insurance Information
In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.
The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.
Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.
According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.
Types Of Small Business Insurance
Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:
- What type of business am I running?
- What are common risks associated with this industry?
- Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
- Does my state require me to carry this type of insurance?
- Does my lender or do any of my investors require me to carry this type of policy?
A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:
|Business Insurance Policy Type||What Is Covered?|
|General Liability Insurance||What is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.|
|Workers Compensation Insurance||What is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.|
|Product Liability Insurance||What is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.|
|Commercial Property Insurance||What is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.|
|Business Owners Policy (BOP)||What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.|
|Commercial Auto Insurance||What is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.|
|Commercial Umbrella Policies||What is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.|
|Liquor Liability Insurance||What is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.|
|Professional Liability (Errors & Omissions)||What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.|
|Surety Bond||What is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).|
Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.
Business Insurance Required by Law
If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.
Your insurance agent can help you check applicable state laws so you can bring your business into compliance.
Other Types Of Small Business Insurance
There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:
- Business Interruption Insurance
- Commercial Flood Insurance
- Contractor's Insurance
- Cyber Liability
- Data Breach
- Directors and Officers
- Employment Practices Liability
- Environmental or Pollution Liability
- Management Liability
- Sexual Misconduct Liability
Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.
Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.
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
- Book Publishers
- Call Center
- Direct Mailing Services
- Graphic Arts
- Graphic Designers
- Magazine Publishers
- Market Research Firm
- Marketing Consultant
- Printers & Publishers
- Public Relations
- Radio Stations
- Search Engine Services SEO
- Social Media Consultant
- Television Stations
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.
Minimum recommended small business insurance coverage: Building, Business Personal Property, Business Income with Extra Expense, Employee Dishonesty, Money and Securities, Accounts Receivable, Bailees' Customers, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Professional and Advertising Liability, Umbrella Liability, Hired and Non-owned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Earthquake, Equipment Breakdown, Flood, Computer Fraud, Forgery, Special Floater, Cyber Liability, Employment-related Practices Liability, Business Automobile Liability and Physical Damage, Foreign Automobile Liability and Physical Damage, Foreign Workers Compensation, Repatriation Expense and Stop Gap Liability.