If you are a graphic designer, yes, you need Business Insurance

May 12, 2020 12:29:17 PM / by Grant Patten posted in Office Contents Insurance

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Graphic designers: get business insurance!

What is business insurance?

Business insurance (or office insurance / workplace insurance) allows you to know that your business is protected if you ever suffer a loss. As a graphic designer with a studio or other office, you are at risk. The cost to transfer the risk to insurance is low compared to the expense of an actual theft, fire or other unfortunate incident.

Do you freelance/work out of a home office? Like many graphic designers, you probably do, but did you know that most homeowners/tenants insurance policies exclude coverage for commercial activities? Another reason to get business insurance.

How can business insurance/office insurance help graphic designers?

PROTECT your graphic design business in the case of a lawsuit: Commercial General Liability coverage is designed to protect against all sums that you may become obligated to pay for bodily injury, property damage or personal injury to third parties arising out of your business operations. It includes the cost of a lawyer to defend you.

PROTECT your data: If you’re a graphic designer, your livelihood is linked to your computer. Not only is your work stored on your computer, you may also have accounting and client information on there. If you suffer a hack, your insurance can help you manage the costs associated with the loss. Front Row's office insurance policy includes $10K to cover a hack, at no additional cost. If you'd like more coverage than $10K, consider cyber liability insurance.

PROTECT your equipment: Any good graphic design business is built around great ideas, but it’s your tools and equipment that bring them to life. What if your laptop was stolen or damaged in some way? Unlike our competitors, under Front Row's office insurance policy, all your equipment has full replacement cost coverage for theft, damage, fire and loss of use.

PROTECT your graphic design business by purchasing Business Insurance online! Obtain a fast online quote and buy a policy online in just ~5 minutes, 24/7:

GET A FREE QUOTE  IN 3 MINUTES

 

Related:

Studio Insurance for GDC Members — discount code!

If you're a graphic designer, yes, you need cyber insurance

DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

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Notify your broker when something has changed with your business!

Mar 7, 2018 12:09:33 PM / by Meghan Stickney posted in Office Contents Insurance

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Notify your broker when something has changed with your business!

Workplace insurance

Your business is expanding rapidly, new employees being hired, and your office is starting to run out of space. You decide to relocate to a bigger office two blocks down the road. During all of the chaos from the moving, it becomes very easy to forget to notify the insurance company of the move, so they can update your office’s policy. Although this may seem like a small or insignificant mistake, it could prove to be more serious.

When a policyholder is aware of a major change but does not inform the insurer of the change, this is known as a material change in the risk. Insurance companies need to know about material changes as it changes the risk and may result in an additional premium or return premium. A material change is a condition common to all insurance policies. If this condition is broken, the insurer has the right to void the insurance policy, meaning that there will be no coverage for a normally insurable loss.

This is why it is vital to promptly notify your insurer or insurance broker of any changes that are going to occur to the office such as, moving office spaces, renovations to the current office space, the purchase of additional office equipment, etc. as soon as possible.

Ensuring your insurer or insurance broker is kept in the loop with all the changes taking place at your organization will keep your policy up to date, and your organization safe from unexpected and accidental losses. Keeping your insurance policy up to date provides you with peace of mind which you payed for.

Workplace Office Insurance: https://workplaceinsure.frontrowinsurance.com/

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Why does my landlord want to be listed as an additional insured?

Mar 7, 2018 12:07:44 PM / by Meghan Stickney posted in Office Contents Insurance

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Do you know why your landlord keeps asking to be added as an additional insured on your insurance policy?

Do you know why your landlord keeps asking to be added as an additional insured on your insurance policy?

An additional insured is someone who is entitled to coverage under your policy as a result of claims arising out of your use of your premises or operations at your business premise. This means that instead of having to collect under their own policy, an additional insured can first collect under your policy, leaving their policy as a backup.

Landlords will generally want to be added as an additional insured on your policy so that any claims that arise out of your operations and/or general use of your premises, especially liability claims, will be covered under your policy first. In the event of a lawsuit, many parties can be named as defendants, including the landlord.

This can end up becoming a very expensive and time consuming process. This issue can be mitigated by adding your landlord as an additional insured on your policy, since they will be able to use your insurance company’s lawyer, rather than have their insurance company hire a separate lawyer to defend them. More importantly as they are only an additional insured, your policy will only cover them if a claim is made against your business or its operations.

Front Row’s Workplace insurance program offers clients an easy way to add additional insureds to their policy. This is automatically included when you buy a Workplace Insurance policy.

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