Are you a printing business owner looking for the right insurance coverage to protect your company? With business insurance for printers, you can safeguard your company against potential liabilities when the contract with publishers goes awry, deadlines are missed ,or when workplace accidents happen.
As a printing business owner, you know the importance of fully covering your business in unpredictable circumstances. Read on to learn more about the different types of insurance coverage available and find the perfect policy to meet your printing business's unique needs.
When running a printing business, adequate insurance coverage is essential to protect against unexpected accidents and losses. As a printing business owner, it's crucial to have printing business insurance that can cover your industry's unique risks and liabilities. This may include tools and equipment, general liability, commercial property, and other types of insurance for printing companies we will discuss below.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
General liability insurance is one of the most important types of insurance for any business, including printing businesses. This print shop insurance policy covers third-party bodily injury, property damage, and advertising injury claims.
Most policies typically have coverage limits of $1 million per occurrence and $2 million in aggregate.
Printers (E&O) insurance provides coverage for professional mistakes or negligence made by your business, such as an error in a print job or a missed deadline
Cyber liability insurance covers cyber risks, such as data breaches or cyber-attacks
The amount of general liability insurance you need for your printing business depends on various factors, including the size, the number of employees, the type of printing services you offer, and the perceived risks associated with your business. But to give you a quick idea, you’ll need a $1 million-$2 million general liability insurance.
While general liability insurance provides essential coverage for your printing business, it may not be enough to cover all the risks your business faces. You may need additional business insurance for printers, depending on the specific risks associated with your operations.
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
As a printing business owner, it's important to protect yourself from potential legal liabilities arising from mistakes or negligence. This is where professional indemnity insurance comes in handy. Printers professional indemnity insurance, or e&o insurance, protects against legal liabilities arising from errors, omissions, or negligence in providing professional services. Here are some situations where this insurance can help:
Accidentally publishing copyrighted material without permission
Miscommunication leading to misprinted materials
Damages from inaccurate advice provided to clients
Failing to meet client expectations
The coverage limit for professional indemnity insurance for printing businesses varies depending on the insurer and the specific policy. However, coverage limits generally range from $100,000 to $2,000,000.
Abuse and molestation coverage–Protects against claims of physical, emotional, or sexual abuse or harassment
Cyber liability coverage–Protects against cyberattacks, data breaches, and other technology-related risks
Extended reporting period–Extends the reporting period of a policy, which is useful for printing businesses that may not realize they need coverage until after a project is completed
Media liability insurance essential for printing businesses that deal with various media types, including digital, print, and audiovisual content. This insurance protects your business from claims of defamation, invasion of privacy, copyright infringement, and other media-related risks.
The coverage limit for media liability insurance depends on the media type and the size of your business. Coverage typically ranges from $1 million to $5 million.
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
Commercial property insurance covers your business's physical assets, including the building and equipment, in case of damage or loss due to covered events. Here are some situations where this policy can help:
Fire or lightning damage to your building or equipment
Water damage caused by burst pipes or storms
Damage caused by theft, vandalism, or other criminal activity
Damage caused by falling objects, such as trees or construction debris
Business interruption due to covered events
Commercial property coverage limits vary, but the standard limit is $50,000-$500,000. However, coverage limits may be customized to fit the specific needs of your printing business.
Flood insurance–Provides coverage for damage caused by floods, which is not covered under a standard commercial property insurance
| CoverWallet | Thimble (Best) | NEXTÂ | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
A business owner’s policy (BOP) can be a wise investment if you run a printing business. It combines several types of coverage into one policy, typically including general liability, property insurance, and other types of printing business insurance . Common perils that BOP covers are:
Property damage–If your equipment or property is damaged due to a covered event, such as a fire, storm, or theft, your BOP can cover the cost of repairs or replacement
Bodily injury–If a customer or visitor is injured on your business premises, your BOP can cover their medical expenses and legal fees if they sue
The coverage limits of a BOP range from $1 million-$4 million for the general liability coverage and $25,000-$50,000 for the commercial property coverage.Â
Data breach coverage–If your printing business experiences a data breach or cyberattack, this add-on can help cover the costs associated with notifying affected customers, restoring data, and defending against lawsuits
Printers E&O insurance is particularly important for printing businesses that offer design or prepress services, as errors in these areas can have significant financial consequences for clients
| NEXTÂ | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
If you own a printing business, tools and equipment insurance can provide valuable protection against losses or damages to your printing equipment, tools, and supplies.Â
Your printer is essential to your daily operations, making it important to have the proper printing business insurance coverage to safeguard against unexpected events. Tools and equipment insurance will help when business equipment gets damaged or lost due to:
Theft
Vandalism
Upset
Electrical breakdown
User error
The coverage limits of tools and equipment insurance are $2,500-$25,000 depending on which insurance company you decide to work with.Â
Yes, in most cases, you can include leased or rented equipment in your tools and equipment insurance policy. However, checking with your printing company insurance provider is important to ensure that leased or rented equipment is included in your policy. Some insurance companies may even have specific requirements or limitations on the types of equipment that can be covered.
