Graphic Design Insurance: Quotes From $5

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Problematic situations will pop out of nowhere in your career as a graphic designer. Protect yourself and turn things around with graphic designer insurance. This guide will teach you what this is, how much premiums cost, the best companies, and more. 

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What is Graphic Designer Insurance?

Graphic designer insurance pertains to an insurance product that includes the following business insurance policies:

• General liability insurance

• Professional indemnity insurance

• Cyber liability insurance

• Commercial property insurance

• Workers compensation insurance 

• Commercial auto insurance

• Business owner’s policy

So who is eligible for graphic designers insurance? This is available if you’re a:

• Web graphic designer

• UI graphic designer

• Advertising and marketing graphic designer

• Animation and motion graphic designer 

• Video game graphic designer

• Illustration graphic designer

• Packaging graphic designer

• Publication graphic designer 

• Graphic design firm owner 

Graphic Design Liability Insurance

Professional liability, general liability, and cyber liability policies are types of graphic design liability insurance you’ll find very useful. 

Professional Indemnity Insurance for Graphic Designers 

Professional indemnity insurance for graphic designers covers costs if a client experiences economic or financial losses because there are issues with your work. 

By the way, just a friendly tip;  Ask a lot of questions before making the comp and mock-up if clients say they’ll leave the outcome of the project to your expertise. 

Going back to the topic, this business insurance for graphic designers will cover reimbursement for losses, settlements, and defense costs if a client files a claim because you committed the following:

• Negligence

• Missed deadlines

• Inaccurate advice

• Violation of confidentiality 

Is Professional Liability Insurance A Legal Requirement for Graphic Designers?

You are not legally required to get professional liability insurance. However, you’ll find it hard to get projects without this policy. 

How is Professional Liability Insurance for Graphic Designers Underwritten?

Insurance companies underwrite the professional liability insurance of graphic designers as a claims-made policy. This means that you must file a claim on the time a covered peril happened to get covered. 

How Much Insurance Money Can Graphic Designers Get From Professional Liability Insurance?

Professional liability insurance provides $1 million-$2 million coverage for each claim. Remember that the total amount of coverage you get can’t exceed $2 million or $4 million. 

Some insurance companies can increase the limits of their professional liability insurance if you need more coverage. 

Cyber Liability Insurance for Graphic Designers

Some clients provide their market research, business data, and other sensitive information, which you incorporate into a design.

The thing is clients might file a lawsuit if such sensitive information is exposed due to a cyberattack or your negligence. 

And so, cyber liability insurance is a must if you’re a graphic designer. This graphic design business insurance will take care of the following costs if a data breach happens:

• Expenses for containing the breach 

• Public relations expenses for informing clients about the breach

• Business income loss in case you need to close temporarily to contain the breach

• Defense costs and settlements if clients file a claim because the breach exposed their information

• Credit and fraud monitoring services for you and your clients 

Does Cyber Liability Insurance Recover Losses If You Lose Important Data?

The answer is no. Cyber liability insurance doesn’t reimburse your financial losses if designs, software, and other important information get lost because of the breach. 

General Liability Insurance for Graphic Designers

General liability insurance is useful if you own a graphic design firm that operates in a commercial building or condo. 

Clients, deliverymen, and other third parties can trip over something or slip. 

Do you know what will happen if they sustain injuries or property damage because of the accident? Right on point, a claim will be filed. 

Insurance companies underwrite general liability insurance for graphic designers. Its primary function is to cover costs if you’re liable for bodily injuries or property damage third parties sustained:

• Medical payments-General liability insurance comes with a medical payments coverage that you can use to get the injured party treated. You can also use this to provide reimbursement in case the claimant used their own money to get treatment 

• Reimbursement for property damage-You can use general liability insurance to refund the losses of the claimant in case their property got damaged due to an accident you’re liable for 

• Settlements-Not only is it costly, but a lawsuit will take a lot of your time. This is why it’s better to wrap things up by settling. General liability insurance is useful because it can cover the compensation for the claimant’s pain, suffering, and losses

General liability insurance will also help you sort out other claims. Insurance companies include the following additional coverages in general liability insurance.

Advertising Injury Coverage

Advertising injury coverage covers defense costs and settlements if you’re sued for slander or libel. But most importantly, include this in general liability insurance so that it can sort things out if a third party accuses you of committing copyright infringement. 

Rented Premises Liability Coverage 

Are you planning to rent a commercial condo or building? If this is the case, include rented premises liability coverage in general liability insurance. 

With rented premises liability coverage added, general liability insurance can reimburse the losses of the landlord if fire damages or destroys the commercial condo or building due to your negligence.

Non-Owned/Hired Auto Liability Coverage

You must  include hired/non-owned auto liability coverage to general liability insurance if employees use their own vehicles while dispensing duties. 

This will cover indemnification if employees cause an accident that results in injuries or property damage to third parties. 

How Much Money Can You Get From General Liability Insurance?

General liability insurance for graphic designers grants $300,000-$2 million coverage every time you face a claim for bodily injury or property damage. 

You can get $1 million-$2 million coverage from general liability insurance if a third party files a claim for slander, libel, or copyright infringement. 

General liability insurance provides $100,000-$250,000 to cover your liability over a rented commercial condo or building. 

Commercial Property Insurance for Graphic Designers 

Considers getting commercial property insurance if you own a graphic design firm that operates in a commercial condo or building. This type of graphic designer insurance policy will protect the commercial condo or building as well as the contents inside. 

Commercial property insurance will recover financial losses and allow you to continue business operations if your graphic design office is destroyed or damaged by:

• Fire

• Theft

• Vandalism

• Malicious mischief

• Civil commotion

• Riot

• Vehicle

• Aircraft

• Sprinkler leakage

• Lightning

• Wind

• Hail

• Snow

• Volcanic action

• Sinkhole collapse

You can also use commercial property insurance if the perils above cause the damage or loss of the objects inside your graphic design office. Things commonly covered are:

• Office chairs

• Office tables

• HVAC

• Power generators

• Studio cameras

• Graphic design tablets

• Laptop and desktop computers

• Office furniture

• Important documents

• Monitor calibrator

Commercial property insurance for graphic designers comes as a replacement cost policy. This means that it will reimburse your loss based on the original market value of the business property covered. Here’s an example:

One night, the computer of your graphic design firm was left turned on. It grounded and later caught fire. The fire intensified and engulfed the entire office, which cost $300,000 to build. When you use your commercial property insurance, you will receive the same amount. 

Perils Commercial Property Insurance Can’t Cover

The commercial property policy that carriers include in their graphic designers insurance plan doesn’t cover the following perils:

• Floods

• Mudslides

• Earthquakes

Moreover, commercial property insurance won’t cover software and other important data stored in computers that got damaged or lost. 

How Much Money Can You Get from Commercial Property Insurance?

Insurance companies leave it up to you to decide the limits of commercial property insurance. The minimum amount of coverage is $5,000-$10,000 while the maximum is $1 million or more. It all depends on which insurance company you work with.

Graphic Designer’s Equipment Insurance

Get equipment insurance and enjoy further protection for your graphic design camera, laptop computer, desktop computer, tablet, monitor calibrator, and other tools.  

You can spill coffee on your graphic design tools or drop them. It’s also possible for someone to steal such valuables. And so, equipment insurance is useful because it covers repair or replacement expenses when such things happen. 

Note that equipment insurance can also help if your graphic design tools get damaged or lost due to:

• Electrical surge

• Electrical shorts

• Breakdown or malfunctions

Insurance companies offer equipment insurance as a stand-alone policy. But note that some carriers allow you to get this as an add-on to commercial property insurance or general liability insurance. 

How Much Insurance Money Can You Get from Equipment Insurance?

Depending on its underwriter, equipment insurance provides $2,500-$5,000 insurance money you can use to repair or replace graphic design tools that got damaged or lost. 

Workers Compensation Insurance for Graphic Designers 

While graphic design is less risky as compared to construction, cooking, or trucking, purchasing workers' compensation insurance for yourself and your employees is a great decision. 

This type of graphic design insurance policy takes care of workplace injuries or diseases, which can be too expensive for you to pay. In connection, you can use workers' compensation insurance when you or an employee sustains or experiences any of the following because of work:

• Carpal tunnel

• Slip and fall accident while in the office

• Neck injuries

• Shoulder injuries

• Loss of vision 

• Musculoskeletal disorders

• Chronic fatigue

To add, workers' compensation insurance will cover the following costs if an employee or you sustains a work-related injury or disease:

EMT Service and Medical Treatment

Workers' compensation insurance provides the money you can use to rush yourself or an injured worker to the hospital and get emergency medical treatment.

Hospitalization

Hospital bills are covered by workers' compensation insurance if you or an employee is admitted after sustaining a severe work-related injury or disease.

Lost Wages

Workers’ compensation insurance covers lost wages while you or an employee is healing at home or at the hospital. The policy provides a weekly allowance equal to two-thirds or 67% of the average weekly wage. 

Medication

You or an employee can count on workers' compensation insurance to provide money in case the physician prescribes medications for a work-related injury or disease. 

Rehabilitation

Workers' compensation insurance allows you or an employee to get rehab to recover from a work-related injury or disease fully. 

Retraining

Workers' compensation insurance provides retraining benefits if a work-related injury or disease made you or an employee unfit to work. While you or an employee is enrolled in a retraining program, workers comp provides an allowance equal to two-thirds or 67% of the average weekly wage.

Death Benefits 

Work-related injuries or diseases can result in death. And if this happens to you or an employee, workers' compensation insurance will take care of funeral costs. Dependents will also receive an allowance from the policy.

Commercial Auto Insurance for Graphic Designers 

If you own a car and use it to meet clients and accomplish other tasks, we suggest you get commercial auto insurance. 

Commercial auto insurance provides comprehensive protection while you’re using your automobile for business purposes. You can get the following coverages from this policy:

Auto Liability Coverage

The auto liability coverage of commercial auto insurance kicks in if you cause an accident while:

• Driving to the office

• Driving to meet a client

• Using the vehicle to fetch an important client 

• Driving to go home from the office

• Using the vehicle to haul supplies for your graphic design business

In addition, auto liability coverage pays for the following costs that result from the accident that you’re responsible:

• Medical treatment of third parties who sustained injuries because of the accident

• Reimbursement for the losses of third parties if the accident damaged their property

• Settlements

• Defense costs if third parties decide to sue you for the accident

Physical Damage Coverage

Physical damage coverage provides the funds you can use to cover parts repair or replacement if your business auto sustained damage. This coverage of commercial auto insurance is sold as:

• Collision coverage-Takes care of repair or replacement costs if your business auto sustained damage after colliding with an object or another vehicle

• Comprehensive coverage-Shoulders expenses if fire, theft, vandalism, and weather damaged your business auto

You must know that physical damage coverage doesn’t take care of:

• Wear and tear

• Rollovers

Medical Payments And Personal Injury Protection Coverage

Medical payments and personal injury protection coverage protect you and your passengers. 

So how do these differ?

If an accident happens, medical payments coverage will cover you and your passenger's medical treatment.

On the other hand, personal injury protection doesn’t only take care of medical treatment but also lost wages, rehabilitation, and medication. 

Business Owner’s Policy for Graphic Designers

You can get graphic design insurance as a business owner’s policy. A business owner’s policy typically combines general liability insurance and commercial property insurance. 

However, the BOP of different carriers doesn’t only have these two policies but also offers workers' compensation insurance, cyber liability insurance, commercial auto insurance, and more. 

By getting a BOP, you will enjoy cheaper rates as it's more cost-efficient than buying different types of insurance policies separately. Also, it’s easier to pay premiums and manage your insurance. 

Graphic Design Insurance Cost

Graphic design insurance cost $33 per month or $396 per year for a $1 million general liability policy. In addition, here’s a table that shows the rates of the best graphic design insurance companies:

Compare quotes to get the most comprehensive protection at the most reasonable rate. Click the “Get Quotes” button on this page and compare the offers of brokers and insurance companies for free.