Advertising Agency Insurance: What is It and What Should It Cover?
The term advertising agency insurance refers to a set of policies that protect an agency from potentially devastating financial liability and losses. Advertising agencies face many risks—from employee and visitor injuries to property damage and liability for mistakes made. Without proper small business insurance coverage, the consequences of an incident can be crippling or can put an agency out of business entirely.
The Many Types of Agency Liability
When you think about the kind of work an advertising agency does, it’s not hard to see many potential areas of agency liability. For instance, if clients visit your location, slip-and-fall accidents and associated injuries can occur. If your business owns vehicles and an employee driving one of them to a meeting or to run business-related errands is at fault in an accident, the agency may be liable.
And because your business provides professional advice and services, there’s the risk of mistakes that create what’s called professional liability. But these are just some of the areas where an advertising agency may be open to lawsuits.
While you don’t want to go to work every day worrying about these kinds of incidents, you also don’t want to ignore them. Fortunately, our licensed insurance experts can help you understand agency liability and the policies that protect you from it.
What are the Specific Types of Advertising Insurance?
In some instances, the term advertising insurance is used to refer to damage that one business causes to another in the course of advertising its offerings. Here, we’re talking about the different types of insurance that an advertising agency may need. They include:
With policies in place to cover the different types of risk your advertising agency faces, you can focus on your work and not on those risks.
What Kinds of Advertising Professionals Need Advertising Insurance?
While we’re using the term “advertising” here, virtually any type of organization that does work to promote other businesses can benefit from advertising insurance. That means that marketing firms, advertising consultants, digital media creative agencies, and other similar companies should consider small business insurance.
Advertising Agency Insurance: Easier to Purchase Than You You Might Think
It would be understandable if you believe that getting advertising agency insurance is a time-consuming and expensive endeavor. It certainly used to be!
Today with biBERK, however, you can get a free online quote, read through it, make a decision, and purchase your insurance policies all in a matter of minutes. And if you have questions as you consider your options, our licensed insurance experts are happy to assist you.
Plus, because we sell directly to you without middlemen or brokers, you can enjoy savings of up to 20% over other small business insurance providers. There’s really no reason not to properly protect your advertising agency from unexpected financial burdens!