Insurance for Graphic Design

lolacherry

I’ve been asked for use of some of my drawings but also a possible illustration set and also got a few other queries for little pieces here and there so I’ve decided to set up as a business so I can take payment.

however, can I get some information as to what insurances I’m going to need.
I know I need Public Liability as I will likely be visiting premises but also if needed, setting up stalls and also cyber since I’ll be sending proofs but is there any other areas I need to cover?
im likely to be based in my small office with no employees so I’m unsure what other insurances I Am going to need...

thanks

sliphi

lolacherry said:

I’ve been asked for use of some of my drawings but also a possible illustration set and also got a few other queries for little pieces here and there so I’ve decided to set up as a business so I can take payment.

however, can I get some information as to what insurances I’m going to need.
I know I need Public Liability as I will likely be visiting premises but also if needed, setting up stalls and also cyber since I’ll be sending proofs but is there any other areas I need to cover?
im likely to be based in my small office with no employees so I’m unsure what other insurances I Am going to need...

thanks

Think about what possible loss or damage you may suffer.
(e.g. you have already considered a possible claim against you from a third party for accidentally damaging their property or injury caused to them)
Then decide whether or not you wish to insure against such a risk.
Then seek the advice of a specialist insurance broker as to whether or not such insurance cover is available, and if so, at what price.
Then decide again whether or not you would wish to insure against that risk knowing what it would cost to do so. (which needs to be balanced against the risk of such an occurrance, and the potential loss that could arise)

Insurance can usually be obtained for any risk, where the possibility of it occurring is less than 100%,

Mistral001

Since you are not an employer there is not legal requirement for you to get insurance. 

You might consider getting professional indemnity insurance.  It depends on what is common in your sector.  Do you know what other graphic desineres do?  Try to find out, if you do not as it could save you a lot in the long run.

Public liability insurance ,in my view, is a waste of your hard earned money for a graphic designer because I cannot imagine a case where you would be held responsible for injury  or causing damage to a member of the public.  If you were say a chartered surveyor who was inspecting buidings regularly, I would think it a good idea to get public lability insurance in case they put a foot through a ceiling when they were inspecting a building, but many do not have such insurance and will just pay a builder to fix any such damage should it occur.  They take the attitude that the cost of insurance preminums will be more than the just paying it from business funds.

PS.  If you are a member of a professional body, they might have rules regarding actions that damage the profession's reputation.  Few of them as far as I know will make it compulsary to take out insurances, but they could take disciplinary action if there was a claim against you that you could not pay.