Graphic Designers Insurance offers cover for claims made by it against it in relation to certain equipment or processes used in its operation. The graphic design specialists’ indemnity plan covers costs incurred in meeting claims made by clients for errors and omissions in workmanship, copying or modifications made to a client’s product or service. The suppliers’ indemnity plan usually provides cover against claims by third parties for damage to property, loss or theft of any property or payment made to an employee for injury or death suffered at work. However, if you have employees in your company then you will need contractors general insurance to shield you from liability incurred by your employees, whilst the employees general insurance will cover you against liability which might arise in connection with the conduct of work by your employees.
Claims by clients can arise at either individual level or through the employment body. If your customers are dissatisfied with the goods you sell, they may make claims for breach of contract, negligence or breach of express warranty. Claims by employees can be for injuries, damages or loss sustained at work, for wages lost due to dismissal, or for breach of contract. In both cases, the type of graphic designers insurance that you take out will depend on whether the claims are under contract employment or general liability cover. Contract claims will be the easiest to assess as there will probably only be a handful of employees and the claim itself won’t be very complex.
If you were not covered by professional indemnity cover in the UK when your employee’s accident occurred, you will incur legal expenses and potential claims by the employee out of your own pocket. In addition, even if you do have insurance cover, you could face financial penalties if you fail to meet your legal expenses obligations. If you are a business owner, you may also incur legal expenses and claims if your employees are injured while on your property. For these reasons it is particularly important that you take out the right type of professional indemnity cover. If you cannot afford to do so, or are unsure about the extent of your cover, it is worth consulting an expert.
Most businesses and companies will provide you with liability insurance. However, it is advisable to also take out professional indemnity insurance which covers you for all types of claims which may arise, even in situations where the employees or business itself are at fault. For example, in certain industries, you may be liable for damage or injury caused by substandard equipment, poor installation, and faulty machinery. If your employees fall ill or become injured while at your premises, you could be held legally responsible.
In order to determine what type of graphic designers insurance cover you need, it’s important to consider your business and your industry. If your business caters to one particular area of expertise, such as website development, illustration, marketing, film and visual media, advertising or events then you may be able to get away with only having a small amount of insurance cover. But this may not always be the case, especially if you run a range of different services and products. If you have a number of departments, a few of which offer freelance services, you could need to take out both professional indemnity insurance cover and professional liability cover.
In the event that your business creates a product which causes financial loss, you may be able to claim compensation in court. If you are a freelance graphic designer, it is possible that you may be able to claim financial loss insurance cover in addition to your professional indemnity policy. In order to make sure that you completely protect yourself against any type of loss or claim, it is recommended that you consult with a specialist independent financial loss insurance broker. A specialist broker will be able to review your company’s insurance policies and advise you on the best cover to opt for.