Insurance for Advertising Agencies
Advertising agencies provide the service of developing or designing advertising and promotional ideas for a customer. This service includes logos, themes, commercials, and all types of audio, visual, and printed material. Results may include jingles or musical pieces, trademarks, and a wide variety of other intangible concepts.
At Business Insurance Service, we understand not just the insurance industry, but the commercial sector too. Our brokers have years of experience and expertise in finding professionals from across all disciplines the right kind of Liability and Professional Indemnity insurance cover for professionals, giving both sole traders, SMEs, and large international agencies the protection they need.
What Insurance does an Advertising Agency need?
Minimum recommended cover can usually be arranged on a Professional Indemnity (PI) combined policy to include Buildings, Computer Equipment & General Contents, Increased Expenditure, Employee Dishonesty, Public Liability, Employers’ Liability
Property exposures can range from office only to photographic, design graphic, audio, visual or art studios. Property values can be concentrated in high-tech electronic equipment at the main location, or off-premises exposures may exist with equipment scattered at home sites of employees and representatives carrying portable computers and display equipment.
Premises liability exposure varies, based on the type of advertising. It may be office only or could involve considerable off-site exposure. In off-site shoots, there must be considerable concern for the public who might be caught unaware. Contracts must be in place for all actors and locations to prevent confusion at time of loss.
Crime exposures are from Employee Dishonesty. All billing and disbursements must be handled by separate individuals. Equipment must be inventoried and numbers should be checked regularly.
Employers’ liability exposures include those related to travel by car, railway or air. The frequency and distance travelled are all items to consider, Business Travel insurance maybe required.
Professional liability and advertising liability are major concerns with this type of operation. Areas to review include: how the product is advertised, promises made on behalf of the product, what it warrants to do, how it will perform, and potential copyright or trademark infringements.
What other risks does an Advertising Agency face?
Other exposures for deeds and documents, client’s records, and original art are important items to consider. Original art may be very expensive to replace.
Why not discover more about Business Insurance Service? Or simply get in touch with our services today.
How can Business Insurance Service help Advertising Agencies?
Whether you’re a sole trader or a small to large company, your insurance portfolio has to be up to date and provide you and your business with the right level of protection. Rather than trying to find liability or professional indemnity insurance by hunting through countless websites, let us or our website do it for you.
We’re members of the British Insurance Brokers Association (BIBA) and work with some of the largest and best-known insurance providers in the UK, including Lloyds of London for larger, more complex and high-risk customers. We’re fully regulated and committed to delivering a premium quality, trustworthy and reliable service to all our customers, regardless of size.
As preferred brokers working with some of the largest insurance providers in the UK, we have immediate access to a huge range of policies for various businesses, including vets and surgeries. We provide our customers with a bespoke or package service, creating insurance portfolios that are specifically tailored to your individual needs, and your budget.