For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!
As you work as a translator or interpreter, there are specific issues you may face. These issues could be errors arising from your translation due to a tight deadline or exposing the client's sensitive data to malicious people. As a result, your clients may sue you. The lawsuits and complaints may cost your business a hefty amount of money. It would help if you got insurance for translator to save your business financially from such costs.
Translator insurance may cover any costs that might harm your business, such as fires, theft, cyberattacks, and accidents. Here are some of the coverages you can get for your translator and interpreters business;
General liability insurance
Professional liability insurance
Tools and equipment insurance
Commercial property insurance
Business owner’s policy
Travel insurance
Commercial auto insurance
| CoverWallet | NEXT (Best) | Thimble | 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 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | Included |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | Included |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $300,000 | Included |
| Waiver of subrogation included? | Yes | No | Included | Can be included | Excluded |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Excluded |
As you provide your translating services, you interact with the clients. During these interactions, some accidents may happen. For example, the client may slip and fall in your office, or you may accidentally damage his property, such as his laptop. A client may sue you successfully for the above issues. General liability insurance covers such costs. This insurance offers coverage in issues relating to customer property damage, customers' injuries, personal injuries, and copyright infringement.Â
Some insurance companies offer their clients add-ons to general liability insurance for interpreters and translators. Add-ons are coverages offering extra protection that is not provided by the basic coverage. One which you can get as a translator can be data breach coverage which can cover you from costs relating to the theft of customer information. You can go also avail HNOA coverage.Â
As you advertise your business, you may copy a slogan or provide wrong information about your competitor. The affected persons may sue for compensation; general liability for interpreters and translators covers such costs. If you are launching an advertising campaign, this cover can be valuable.Â
Public liability insurance works the same way as general liability coverage minus the add-ons. This is sold instead of general liability in the UK. On the other hand, only a few insurance companies sell this in the USA.Â
| 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 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
| License defense coverage included | No | No | No | No | No |
| Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
There are some errors and omissions that you may do. For example, you may fail to deliver on time, or you may make errors in your work, and as a result, your client may sue. Professional indemnity for interpreters covers costs arising from such errors and omissions. This policy covers professional negligence, work mistakes, and undelivered services.Â
Professional indemnity for translators has a $1 million-$2 million coverage limit. It’s possible to get higher amounts of coverage. But note that this will drastically increase monthly or yearly premiums.Â
Some of the extensions to the basic interpreter liability insurance coverage that you can get from your insurer include;
Vicarious liability-covers your business from professional liability arising from the works of your sub-contractors.Â
Witness expenses- Covers cost for compensating witnesses that aid in your defense when a client sues you.
Legal defense costs
Professional indemnity insurance for interpreters can allow you to add an insured to your policy. This means you can extend your insurance coverage to another person or company. Therefore, if a client sues the other person or company, they can file a claim with your insurer. Note that some insurance companies allow you to name additional insureds on your professional indemnity insurance for translators without cost while others aren’t as generous.Â
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Your tools are prone to theft, loss, or damage. You may suffer monetary losses and miss specific deadlines when your tools are damaged, lost, or stolen. However, you can prevent this by getting tools and equipment insurance. Some of the covered costs relating to this insurance include;
Replacement–Your insurer can reimburse for the tools you need to replace by reimbursing with the fair market value of the lost item
Lost income–The policy can cover costs for the income you did not earn when an item was unavailable or lost
Repair–When the tools are damaged, the policy can cater to the repair costs until they are usable
Typically, this policy doesn’t have add-ons. It is because, usually, this type of insurance is an add-on to general liability insurance and commercial property insurance.
Commercial property insurance only covers the tools in your inventory or tools in a covered location. Therefore, commercial property insurance doesn't cover against risks involved in transporting such goods. The tools and equipment insurance is helpful to cover the risks involved when moving your tools and equipment from one place to another.
