07 Jan Insurance for Advertising Agencies
Insurance for Advertising Agencies
Advertising Agencies, like all businesses, have Insurance needs that should be addressed. There are several types of coverages available, which can make shopping difficult. For those unsure of which coverages to purchase, this is the blog for you!
Insurance for Advertising Agencies – Professional Liability
Depending on your Advertising Agency’s operations, Professional Liability may be a very important coverage. Professional Liability covers you against claims that arise from professional advice or consulting. For example, if you advise to use a certain form of advertising that may cause your client financial or legal damages, it is likely the Professional Liability that will provide coverage.
Insurance for Advertising Agencies – Business Owners Policy
Purchasing a Business Owners Policy is optional, but a great way to protect your business. There are dozens of programs available, depending on your operations.
If you don’t already know, Business Owners Policies include General Liability and Business Personal Property into a single, affordable policy. For those Advertising Agencies that have off-premises exposure, make sure you properly explain these operations to your Agent/Broker, as many of these programs do not offer coverage for off-premises operations.
Insurance for Advertising Agencies – Workers Comp
If your Advertising Agency has employees, you should carry Workers Comp to protect these employees in the case of an injury or disease while working. This applies to states that do not require you to carry Workers Comp as well. The business is often held liable for their employees safety, and it is a good idea to make sure you have coverage. When shopping for Workers Comp, it is imperative you work with your Agent/Broker to properly classify your employees. This is critical because the rates between different types of employees can be substantial.
If you would like to learn more about Insurance for your Advertising Agency, we would love you help! Give us a call at 925-297-4829.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.