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 article will guide you through what this is, how much premiums cost, the best companies, and more.
What is Graphic Designer Insurance?
Graphic design 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
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
It covers costs if a client experiences economic or financial losses because there are issues with your work.
This graphic design business insurance 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
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.
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
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.
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
General liability insurance for graphic designers grants $300,000-$2 million coverage every time you face a claim for bodily injury or property damage.
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
- 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
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.
Get all the best quotes from leading providers in a click of a button!
Workers Compensation Insurance for Graphic Designers
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
- Hospitalization
- Lost Wages
- Medication
- Rehabilitation
- Death Benefits
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 Designer Insurance Cost
Graphic designer 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:
Help others make better decisions
Best Graphic Designer Insurance Companies
These are the best graphic design insurance companies. Read to know their pros, cons, and rate for a $1 million general liability insurance.
NEXT
NEXT graphic designer insurance offers commercial property and general liability insurance policies. This company’s general liability insurance provides $300,000 minimum coverage for bodily injury or property damage claims.
Upgrading will also add professional indemnity coverage that has a $1 million per occurrence limit with a $2 million aggregate.
Average cost: $22.67 per month
Our rating: 10/10
Pros
- Best overall
- Issues an online proof of insurance instantly
- Great customer service and reputation
- Excellent rates
- Outstanding value for money
- Get a 10% discount if you buy two or more graphic designer insurance policies
Cons
- Couldn’t find any
CoverWallet
CoverWallet’s graphic designer insurance offers general liability, professional indemnity, commercial property, and other insurance policies.
CoverWallet’s professional indemnity insurance for graphic designers provides $1 million coverage for each claim. Aside from employees, independent contractors are automatically considered insureds.
Average cost: $28.69 per month
Our rating: 10/10
Pros
- Professional liability insurance automatically covers your independent contractors
- Name additional insureds for free
- No hidden charges
- Call and cancel your coverage anytime
- Compare graphic design insurance quotes online for free
Cons
- Doesn’t underwrite graphic design insurance but sells it on behalf of partners
Get all the best quotes from leading providers in a click of a button!
Tivly
Tivly sells workers’ compensation, general liability, professional indemnity, and other business insurance policies for graphic designers. You need to call to know the particulars of the policies sold by this company.
Average cost: $30.52 per month
Our rating: 10/10
Pros
- Compare graphic designer insurance quotes over the phone
- Responsive customer service
- Refers you to partners if it can’t provide coverage
Cons
- Doesn’t issue online quotes
Thimble
You can avail general liability, commercial property, and workers’ compensation policies from Thimble’s graphic design insurance.
Thimble’s general liability insurance provides $1 million-$2 million coverage for each claim.
This company’s commercial property insurance for graphic designers provides $500,000 building coverage. Thimble’s commercial property insurance also grants coverage against business interruption.
Average cost: $33.41 per month
Our rating: 9/10
Pros
- General liability covers lost income as a result of the claim
- Commercial property insurance has business interruption coverage
- Fast to issue quotes
Cons
- Doesn’t underwrite cyber liability insurance for graphic designers
Hiscox
Hiscox’s graphic designer insurance offers general liability insurance, professional indemnity insurance, and cyber liability insurance.
Your general liability insurance from Hiscox has a $2 million per occurrence limit with a $2 million aggregate.
Hiscox’s professional liability insurance offers a $1 million per occurrence limit with a $1 million aggregate.
The cyber liability insurance from Hiscox has a $250,000 per occurrence and aggregate limit.
Average cost: $29.16 per month
Our rating: 9/10
Pros
- Worldwide coverage
- Upgradeable liability policies
- Professional liability insurance offers contingent bodily injury and property damage coverage
- Enjoy a 5% discount if you buy two or more insurance policies
Cons
- Doesn’t sell commercial property insurance as a stand-alone policy
