Advertisers Professional Indemnity Insurance
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As an Advertiser you won’t need us to tell you that you need to have adequate Professional Indemnity Insurance. What we can tell you however, is that we can provide that insurance to you quickly, easily and very competitively.
Advertisers Professional Indemnity Insurance Policy Highlights
Typical Types Of Professional Indemnity Insurance
Professional indemnity policies will provide a wide range of cover to protect against the following typical scenarios:
- Negligence/mistakes/errors and omissions If the advice you provide to a client is negligent or you simply forget to do something or make an error, your client could suffer a loss that they try to claim back from you.
- Dishonesty of Employees Dishonesty of employees could lead to a loss for your business. PI policies will often provide cover for these potentially costly losses.
- Infringement of intellectual property rights As an example, if you breach copyright the copyright owner could sue for damages.
- Loss of documents and data Lose documents or data that causes your client a financial loss could lead to a claim.
- Libel and slander Libellous or slanderous acts can lead to very expensive legal proceedings and substantial claims for damages. PI policies usually provide cover for this which can protect you from these costs.
- Unintentional breach of confidentiality Mistakes happen, and a breach of confidentiality can easily occur regardless of strict business processes.
What Professional Indemnity Risks Do You Face As An Advertiser?
Advertisers are often engage in long term relationships, working with brands over a sustained period of time. Professional Indemnity Insurance will minimise the impact of a problem and therefore hopefully retain the client relationship going forward as it will help find ways to resolve the problem without an expensive legal fight.
What Will Professional Indemnity Underwriters Want To Know When Looking At Advertising Risks?
The company size can be established in two ways:
- The gross annual income of the company
- The number of partners, directors and employees.
Insurers will want to understand how many relevant years experience that you have in the trade and may wish to see relevant CV’s.
Insurers will want to understand the split of annual income gained from each activity that the organisation is involved in. This is because some areas are considered high risk and some areas are considered low risk from a claims point of view.
- Commercial Television
- Corporate Identity Work
- Database Management
- Design & Creative Consultancy
- Direct Marketing (Inclusive of Mail Shots)
- Event/Conference Organisation
- Exhibition Design/Management
- Graphic Design
- Market Research
- Multimedia Consultancy
- Production Of Printed Literature/Documents
- Public Relations
- Sales Promotion
- Website Design