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Advertising Agency Insurance That’s Made Just for You
Being an advertising agency is no easy feat — especially in today’s digital world. Identifying the right voice and image to match a company’s brand is intensive, while also needing to make sure your results attract the right customers.
Without adequate insurance, there’s even more pressure for your business to avoid making costly mistakes. No need to worry — our licensed agents at Simply Business can help you find an advertising agency insurance policy to ensure that your business is running securely.
What Insurance Do Advertising Agencies Need?
One mistake on a customer’s ad can become a claim or lawsuit filed against your agency. Also, if you invite clients to your office, you run the risk of liability if they sustain an injury. We highly recommend that advertising agents invest in insurance policies with coverage for those scenarios (and more, depending on your unique business).
Get Your QuoteGeneral Liability Insurance for Advertising Agencies
Let’s say you’re asked to meet your client at their office. While there, you trip over an extension cord and fall against a desk, injuring yourself and knocking over a computer monitor. Without general liability insurance — also known as commercial general liability (CGL) insurance — you’d be required to pay your medical bills and the repair or replacement of the damaged monitor.
General liability usually covers:
- Bodily injury
- Third-party property damage
- Personal and advertising injury
- Medical expenses
- And more
General liability insurance usually does not cover:
- Damage to your own property
- Professional services
- Workers compensation or injury to your employees
- Damage to your work
- Expected or intentional injury or damage
- And more
Learn more about General Liability Insurance.
Professional Liability Insurance for Advertising Agencies
Let’s say one of your employees plagiarized another company’s ad work, and as a result, your business gets sued for copyright infringement. In this situation, a professional liability policy would cover legal and defense costs. Whenever a customer alleges negligence with your services, professional liability insurance will help protect your business.
Professional liability insurance usually covers:
- Negligence or alleged negligence
- Legal defense costs
- Claims involving libel and/or slander
- Copyright infringement
- Claims and damages
- And more
Professional liability insurance usually does not cover:
- Intentional negligence
- Bodily injury
- Property damage
- False advertising
- Employment matters
- Patents and trade secrets
- And more
Learn more about Professional Liability Insurance.
Workers Compensation Insurance for Advertising Agencies
As your advertising agency grows and you gain new clients, projects, and contracts, it might be time to hire team members. Aside from payroll, it is important to have a workers compensation insurance policy (aka employers liability insurance). In most states, it is required by law.
Here’s why: If an employee gets sick or is injured on the job, workers compensation insurance can cover medical costs and lost wages. It also provides much-needed security; workers compensation prevents employees from suing your business for workplace injuries.
Coverages include: * Medical Payments * Lost Wages * Rehabilitation Expenses * Death Benefits
How Much Does Insurance for Advertising Agencies Cost?
While there’s no single answer for how much insurance costs for advertising agencies, you can get an estimate for what you may pay based on:
- Your revenue
- Your payroll
- Your business location
- The type of services you provide
- And more
Want to find out how much your advertising agency insurance may cost?
Click here to answer a few questions so we can help you learn how much you can expect to pay for your advertising agency insurance coverage.