Graphic Designers Insurance Policy Information
Graphic Designers Insurance. 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 insurance business owner's policy can provide you with protection if you find yourself on the receiving end of a lawsuit.
Graphic designers insurance protects your firm 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 designers insurance questions:
- What Is Graphic Designers Insurance?
- How Much Does Graphic Designers Insurance Cost?
- Why Do Graphic Designers Need Insurance?
- What Types Of Insurance Do Graphic Designers Need?
- What Are Graphic Designers Risks & Exposures?
- What Does Graphic Designers Insurance Cover & Pay For?
What Is Graphic Designers Insurance?
Graphic designers insurance is a type of insurance that is specifically designed to protect graphic designers and their businesses from potential financial losses due to claims of negligence, errors and omissions, or other types of legal or financial liabilities.
This type of insurance typically includes coverage for things like legal fees, damages, and medical expenses related to claims of copyright infringement, breach of contract, or other types of professional liability. It may also include coverage for things like business interruption, equipment damage, and other types of property damage or loss.
Overall, graphic designers insurance is designed to provide financial protection for graphic designers and their businesses in the event of a lawsuit or other legal dispute.
How Much Does Graphic Designers Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small graphic designers ranges from $27 to $39 per month based on location, size, payroll, sales and experience.
Why Do Graphic Designers Need Insurance?
Graphic designers need insurance for a number of reasons. First and foremost, insurance helps protect their businesses and personal assets in case of a lawsuit. If a client were to sue a graphic designer for copyright infringement, professional liability insurance could help cover the costs of legal defense.
Graphic designers insurance can also provide financial protection in the event of unexpected events, such as natural disasters or equipment failure. This can be especially important for self-employed graphic designers, who may not have the same level of support and resources as those working for a larger company.
In addition, insurance can help graphic designers to establish credibility and professionalism in their field. By having insurance, graphic designers can demonstrate to clients that they are responsible and serious about their work, which can help to build trust and confidence in their services.
Overall, insurance is an important consideration for any business, and graphic designers are no exception. It can provide peace of mind and financial protection in the face of unforeseen circumstances, and can also help to build credibility and establish a professional reputation.
What Other Types Of Insurance Do Graphic Designers Need?
A standard BOP policy may provide most of the coverage your small business needs, there are other types of graphic designers insurance 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.
What Are Graphic Designers 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.
What Does Graphic Designers Insurance Cover & Pay For?
Graphic designers can face various legal issues that may result in lawsuits. Some of the reasons that graphic designers may be sued include:
Copyright infringement: Graphic designers may be sued for copyright infringement if they use someone else's work without permission. This can include using images, fonts, or other design elements that are protected by copyright. If a graphic designer is sued for using copyrighted material without permission, their E&O insurance may cover the cost of defending against the lawsuit and any damages awarded.
Trademark infringement: Graphic designers may be sued for trademark infringement if they create designs that are too similar to existing trademarks or logos, or if they use a trademark without permission. If a graphic designer is sued for trademark infringement, their E&O insurance may cover the cost of defending against the lawsuit and any damages awarded.
Defamation: Graphic designers may be sued for defamation if they create designs that include false or misleading information about a person or organization. If a graphic designer is sued for defamation, their E&O insurance may cover the cost of defending against the lawsuit and any damages awarded.
Breach of contract: Graphic designers may be sued for breach of contract if they fail to deliver designs or services as agreed upon in a contract. If a graphic designer is sued for breach of contract, their E&O insurance may cover the cost of defending against the lawsuit and any damages awarded.
Negligence: Graphic designers may be sued for negligence if they create designs that are harmful or dangerous in some way, or if they fail to exercise reasonable care in their work. If a graphic designer is sued for negligence, their E&O insurance may cover the cost of defending against the lawsuit and any damages awarded.
To protect against these risks, graphic designers can purchase professional liability insurance, also known as errors and omissions (E&O) insurance. This type of insurance can provide coverage for legal defense costs, settlements, and judgments in the event of a lawsuit.
In general, professional liability insurance is an essential protection for graphic designers and other professionals who provide creative services. It can help cover legal costs and damages in the event of a lawsuit, providing peace of mind and financial security for the designer.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7336 Commercial Art and Graphic Design
- NAICS CODE: 541430 Graphic Design Services, 541490 Other Specialized Design Services, 711510 Independent Artists, Writers and Performers
- Suggested Workers Compensation Code(s): 8810 Clerical Office Employees NOC
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 Designers Insurance - The Bottom Line
Learn more about graphic designers insurance 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.
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
- Podcast Insurance
- Printers & Publishers
- Public Relations
- Radio Stations
- Search Engine Services SEO
- Social Media Consultant
- Television Stations
The advertising and marketing industry is a fast-paced and constantly evolving field that involves creating and promoting products or services to consumers. This industry is constantly trying to stay ahead of trends and attract new customers, and as a result, it is prone to risks and uncertainties.
One of the biggest risks that the advertising and marketing industry faces is the potential for legal disputes. For example, a company may be sued for false advertising, copyright infringement, or for using someone else's intellectual property without permission. These types of legal disputes can be costly and time-consuming, and they can damage a company's reputation.
Business insurance is an important tool for protecting businesses in the advertising and marketing industry from these types of risks. Insurance can provide financial protection in the event of a legal dispute, which can help a business to avoid financial ruin. Additionally, insurance can help to protect a business's reputation by helping to manage the cost and impact of any negative publicity.
In addition to legal risks, the advertising and marketing industry is also at risk of financial losses due to errors and omissions. For example, a marketing campaign may not be successful, or a company may make a mistake in the production or distribution of a product. These types of errors and omissions can be costly, and insurance can help to protect a business from these types of losses.
Overall, insurance is an important tool for protecting businesses in the advertising and marketing industry from the various risks that they face. It can provide financial protection in the event of legal disputes or financial losses, and it can help to protect a company's reputation and financial stability.
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.