Advertising Agency Insurance

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).

General 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:

General liability insurance usually does not cover:

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:

Professional liability insurance usually does not cover:

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:

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.