Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused sobody financial loss. PLI covers your legal defense costs, damages and settlements.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Cyber Liability Insurance protects you from the theft of sensitive data. If you suffer a data breach or software attack, Cyber Liability Insurance will cover the costs of notifying and restoring affected customers, recovering data and repairing security systems.
Hired and Non-Owned Auto Insurance protects your small business that hires vehicles or allows employees to borrow company vehicles for business purposes. You're covered for claims of personal injury and property damage if any of your vehicles is involved in an accident.
Why do Graphic Designer need insurance?
Whether you own a company or work as a freelancer, insurance is your business’s first level of defense against all the risks that your business might face. For example, your business made a mistake in design that caused your clients a profit loss. If the client files a lawsuit, your insurance will pay for the associated costs. Your business and financial assets are fully protected.
What risks do Graphic Design Services face?
There are a number of things that could go wrong in your business. Below are some examples:
How much does insurance for Graphic Designer cost?
The cost of insurance for graphic design professionals depends on several factors. Most insurance policies will depend on the size of your business, the properties you own, the coverage needed and the number of employees to define the cost of your insurance policies. Without taking these into account, below is the average cost of the common insurance policies graphic designer usually buy:
What Graphic Design Services are all about?
Designers within this industry focus on the visual arts. Examples of these businesses include commercial art studios, corporate identification (i.e., logo) design services, medical art or illustration services, and graphic design consulting services.