Publishers and printers are under a lot of stress and pressure on a daily basis and this is why it is imperative for them to acquire publishers and printers professional liability insurance. E&O publishers and Printers insurance can protect the aver publisher in a variety of different situations. Unfortunately, it will not protect you against all the risks that you are faced with and this is why any insurance executive will tell you to also invest in commercial general liability insurance. With both of these policies in place, you will without ensure the overall longevity and protection of your employees and business.
Since publishers are under immense amounts of pressure to meet tight deadlines without making any errors, it can make the whole job extremely stressful. If you make a misprint that financially harms your client, they are going to come seeking reprimands from you, and this is where PLI publishers and printers comes into play. Commercial general liability insurance serves a different purpose, as it offers protection against slander and copyright infringement. If someone claims that you stole their ideal or printed something that slandered their good name, you could be facing major consequences that might result in an expensive lawsuit. In these situations, CGL insurance will come into play.
We recommend having $1,000,000 per claim PLI Coverage for the professionals and coverage of $2,000,000 per claim CGL coverage for the business’ physical exposures.
Are There Other Available Policies? Yes
Errors and omissions insurance for publishers and printers combined with CGL insurance might seem like a enough for the average publicist, but unfortunately it isn’t. Publishers and printers are actually faced with more risks than you might imagine and this is why it is imperative to understand the risk. And, it is equally important to know how to protect yourself and your employees from these risks.
Workers Compensation Insurance
Any employer needs to acquire a worker’s compensation policy, but publishers and printers are more at risk than most. Your employees will be working with high-speed mechanical machines that could result in a major injury with the slightest mishap. Whether the incident is the employee’s fault or not workers comp can protect you. It will cover the lost wages and medical expense that are incurred. It can also protect you if the employee wants to press charges.
Workers Compensation Insurance Recommended Limits – $100,000 Per Claim / $500,000 Aggregate
Employee Dishonesty Insurance
When it comes to publishing and printing the next big story is almost the most important thing. Printing the next big story before the competition could be the thing that you need to catapult your company to the top of the game. And, your clients depend on you to get the stories in print as fast as possible. What happens if one of your employees hears about this breaking story and decides to sell it to another printer before you can get it out? Well, this would result in negative consequences to you, but this is where employee dishonesty insurance can come in handy. It will also protect your financially in the event that your employees damage property or vandalize your building.
Employee Dishonesty Insurance Recommended Limits – $200,000 Per Claim / $500,000 Aggregate
Commercial General Liability Insurance
Commercial general liability insurance can protect you in the event that someone claims you slandered their name or stole their story. This happens a lot in the publishing industry and you need to make sure you are always protected.
Commercial General Liability Insurance Recommended Limits – $2,000,000 Per Claim / $5,000,000 Aggregate
What Can You Be Expected To Pay For These Policies?
It can be truly hard to estimate what you are going to pay for business insurance, because there are so many factors that play a role in the cost. Anything from your credit history to your claims record can play a role in what you might pay for certain types of insurance policies. However, it never hurts to go into the situation with at least an idea of what you can expect to pay. Other than price, it would also be worth your time to understand the process of getting a business insurance policy. Not every business qualifies, find out if your business does.
- Workers Compensation Insurance – $300 a year per employee
- Employee Dishonesty Insurance – $200 a year
- Commercial Liability Insurance – $400 a year
Just keep in mind that these are estimations and there are tons of factors than can actually play a role in your final cost. However, we have made it extremely easy for you to acquire an exact quote by visiting our website. You can either use the site, enter in your information, and get a quote in a matter of minutes or you can call the toll-free number listed on the site to speak with a trained agent. Don’t forget to inquire about commercial auto insurance if you drive your vehicles for work.
