Protecting your business with Graphic Design Professional Insurance
The creative process involved in changing a company’s corporate image, identity, or simply its logo through graphic design is often a rewarding experience. Other professionals in the industry specialise in straightforward leaflets and promotional materials which can provide vital marketing support to businesses. As such, graphic designers can play a vital role in a company’s fortunes. When things go well and clients are happy the job is usually at its most enjoyable. But mistakes do happen and disputes can sometimes turn into legal issues. This is why many people operating in the industry have graphic design professional insurance of some kind or another.
One of the main risks involved in being a graphic designer is the threat of accidentally breaching someone else’s copyright, and professional insurance which includes indemnity cover could help against this. In fact, indemnity protection generally kicks in if someone makes a mistake in the normal conduct of their design work which then follows in a legal claim because someone has lost money or suffered what is known as a financial injury.
The insurance policy will then cover the cost of their legal bills for defending the claim. Such costs can run into thousands of pounds or more depending on the nature of the complaint. If a case is won by the complainant and the court awards damages by way of compensation, then the costs can be even higher. Thankfully graphic design professional insurance which includes professional indemnity cover will even pay this type of cost, up to a certain limit.
As with other types of insurance, most policies will include an excess. This means the policyholder will have to pay any initial legal bills up to a set ceiling. So if a graphic designer faces a claim they have breached copyright, and the legal cost of defending this runs to £4,000 on a policy which has an excess of £600, the policyholder will have to pay the initial £600, with the insurer picking up the remaining £3,400.
Different levels of cover are also available from different insurers, meaning there is a Graphic design professional insurance policy for almost any professional operating in the industry – and cover does not always have to break the bank.
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