Especially liability over what you publish, media and advertising agencies face several risks. A competitor could file a lawsuit alleging defamation or copyright infringement or you could be faced with a client suing you over a mistake. These and other liabilities, such as injuries and cyberattacks are covered with advertising agency insurance. InsureWise tailors your specific ad agency insurance needs and can help you get the best policy in place. InsureWise finds insurance that matches your unique risks and as an advertising agency, knowing you have the right property and liability coverage for your small business can give you peace of mind. The common advertising agency risks are covered with the insurance policies below.
General Liability Insurance
Accidental property damage and injuries are covered with this insurance. You can often bundle this with commercial property insurance in a business owner’s policy for additional savings. This covers:
– Customer property that gets damaged
– Bodily injuries to customer
– Commercial lease requirements
Media Liability Insurance
The legal defense costs related to the quality of your work and advertising injuries is covered with this policy. It can also be referenced as professional liability insurance or errors and omissions insurance. Coverage typically includes:
– Negligence accusations
– Advertising campaign mistakes
– Copyright infringement
Workers’ Compensation Insurance
For advertising agencies that have employees, most states require workers’ comp. From work injury costs that health insurance might deny, this also protects sole proprietors.
– Medical expenses for employee
– Injury lawsuits by employee
– Disability benefits
Cyber Liability Insurance
Financial losses caused by data breaches and cyberattacks is covered under this policy. For media and advertising agencies that handle credit cards or other sensitive data, this is strongly recommended.
– Expenses for client notification
– Monitoring costs for fraud
– Data breach lawsuits
Insurance for Marketing Agencies
Call InsureWise today to discuss the insurance for your advertising agency and we will help you get the best coverage possible for you and your budget.