13 Aug Insuring Your Printing Company
Insuring Your Printing Company
While there are many variations to the operations of Printing Companies, their overall Insurance needs are similar. We have worked with many Printing Companies and have some tips to help you insure your business.
Insuring Your Printing Company – General Liability
General Liability is the most common form of Liability Insurance purchased by Printing Companies. This is because General Liability is affordable, easy to obtain, and provides important coverages. For example, if you have a client come to your Printing Company and injure themselves, the General Liability can provide coverage. This coverage is especially important for Printing Companies that have clients physically come to their property.
Insuring Your Printing Company – Property Coverage
Another important, but optional coverage is for your Business Property. Many printing companies have expensive equipment onsite for their various printing products. This expensive equipment can be covered under your Business Personal Property coverage. In addition, you can specifically schedule your expensive equipment to assure you get a full replacement cost in case of a covered loss. In many cases, you can purchase a Business Owners Policy, or BOP, which includes the General Liability and Business Personal Property in a single, affordable policy.
Insuring Your Printing Company – Workers Comp
Workers Comp is a required coverage for Printing Companies that have employees. The cost of Workers Comp can vary significantly depending on your Printing Company’s operations. There are several different class codes that are used for employees depending on if your Printing Company does book printing, newspapers, business cards, shirt printing, etc. It is very important to classify your business correctly to avoid surcharges or other issues when completing your annual audit.
If you would like to learn more about Liability, Property, or other lines of Insurance, we are here to help.
Give our Business Insurance specialists 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.