(888) 900 0205Advertising Agency Business Insurance
Running an advertising agency comes with its own set of risks. That’s why getting advertising agency business insurance is so important. It covers the specific challenges you face, from copyright disputes to client mishaps, so you can focus on your campaigns, not liabilities.
General Liability For Advertising Agencies
General liability insurance for advertising agencies covers third-party claims, like property damage or bodily injury that happens on your premises. For example, let’s say a client trips over a camera setup in your office and injures themselves. General liability would step in to cover their medical bills and any legal fees if they decide to file a claim.
Business Owner's Policy (BOP) For Advertising Agencies
A Business Owner’s Policy (BOP) combines general liability with property insurance, which is great for agencies. This coverage helps if your office space, computers, or marketing equipment gets damaged. Say, a fire breaks out in your workspace and destroys your pricey design software and computers. A BOP would cover the repair or replacement costs, so you can get back to creating.
Excess Liability For Advertising Agencies
Excess liability, or umbrella insurance, gives your agency an added layer of protection. It kicks in when your general liability or auto policy hits its limit. Imagine you’re facing a large lawsuit from a client over a major misstep in a campaign, and the damages exceed your regular policy limits—excess liability would help cover those additional costs, saving your agency from financial strain.
Professional Liability Insurance For Advertising Agencies
Professional liability insurance is essential for protecting your agency against claims related to errors, omissions, or negligence in your work. For instance, if a client claims your ad campaign led to a significant loss in sales due to poor targeting, professional liability would cover your legal defense and any resulting settlement.
Workers' Comp Insurance For Advertising Agencies
Workers’ comp insurance covers medical expenses and lost wages if an employee is injured on the job. Picture this: one of your graphic designers develops carpal tunnel syndrome from long hours at the computer. Workers’ comp would pay for their medical treatment and any time they need off work to recover.