Insurance for Marketing and Multimedia Professionals

Professional Indemnity Insurance

Professional Indemnity insurance is one of the vital types of cover you need to consider as a marketing and multimedia professional. When you work on projects for your clients there is always a risk of things going wrong. Some examples are going above the agreed budget, exceeding deadlines and miscalculations just to name a few. That’s where Professional Indemnity insurance can help.

Professional Indemnity (PI) insurance is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance will also assist with the legal costs associated with responding to or managing claims which are covered by the policy.

What is typically covered?

• Damages and claimant costs awarded against the insured
• Legal and defence costs
• Claims investigation costs
• Inquiry attendance costs
• Public relations costs

What is typically NOT covered?

• Intentional damage
• Known claims and circumstances
• Fraud and dishonesty
• Bodily injury / property damage

Protect your business today.

Business Insurance*

Your clients are your bread and butter when it comes to keeping your marketing and multimedia business going, but take a moment to consider how much you rely on your business assets to help get the job done.

Business Insurance is an insurance package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance policy can also cover your portable equipment, and loss of revenue due to business interruption in specified circumstances.

There are a few different types of Business Insurance options to consider when protecting your marketing and multimedia business, these may include cover like:

Contents*: Covers your business contents or stock if they are damaged in a fire, storm or due to malicious damage or some other defined event listed in the policy

Building*: Cover for loss and damage to buildings you own, as a result of an insured event (such as fire, storm, wind).

Business Interruption*: Business interruption insurance provides cover for the loss of income and increased costs of operating your business caused by a specified insured event (such as property damage or fire). It is also designed to assist your business to recover from an insured event by paying ongoing expenses (such as wages or rent).

Claim example

A marketing firm were appointed on a promotion campaign for a national product. They employed a freelance artist to do some design work for them. About six months after the campaign, they received a letter from an aggrieved party who claimed they had stolen his artwork. The professional indemnity policy assisted in the legal defence of the matter and ultimately paid for a relatively small settlement.