When things go wrong at work, you could face two types of consequences: immediate challenges and long-term repercussions. Unfortunately, business interruption risks – those factors
Commercial Printers’ Insurance
Innovations in publishing, advertising, packaging and labeling are pushing the commercial printing industry in new directions. The commercial printing industry is changing – is your insurance coverage keeping up?
What kind of coverage do printers need?
Commercial printers need to protect their product, their equipment, and their commitments. From design to production and installation, there are plenty of opportunities for problems to arise. We’ve compiled a policy to address the challenges, concerns, and demands of printers at each step of the way.
When can commercial printing insurance come to your rescue?
It may seem like you only need basic coverages – Commercial General Liability (CGL), Property, and Auto insurance – to keep your product moving off the presses, but in reality, there are all sorts of situations in a printing operation that can call for a more tailored policy.
Need more? No problem.
We have some automatic extensions too, like Product Recall Expense and Negative Publicity.
Editing trouble? We can help fix your mistake
Design mistakes and typos can make for a big loss. If the error is extreme – like a misspelled word on a big billboard – you could lose a client and be on the hook for the associated costs, like ad space rental and reprinting.
When a mistake forces you to redo the job, and cover the ad space costs in the meantime, you can rely on Errors and Omissions (E&O) coverage to pick up where your CGL coverage ends: E&O covers financial losses arising from your negligence in design or printing mistakes that lead to an unusable finished product.
Coverage to keep the wheels in motion
Printers rely on their machinery, and if something goes wrong with one piece of equipment, the whole operation can suffer. So, consider the damage that can come with a sudden power surge: the electrical transformer in your printing press fails, the machine is powerless for several days, and your revenue stream runs dry.
Your Property policy will protect against loss or damage resulting from fire or theft – not accidental equipment breakdown. Equipment Breakdown, endorsed with Production Machinery, may help cover costly repairs, replacement, and lost business income that result from an unexpected breakdown of equipment like presses, rotogravures, or laminating machines.
Digital slip-ups can be costly
If you think you’re immune to cyber risk because you don’t conduct your business online, think again. Hackers aren’t the only threats to your bottom line – you could bring trouble upon yourself by unknowingly posting a trademarked image, spreading false information on your social media channels, or allowing a virus to corrupt your computer system.
Our Cyber Risk policy includes coverage for intellectual property infringement, which could help if someone brings legal action against your company for posting trademarked images. The policy also protects against losses resulting from network security breaches, privacy breaches, and internet media liability, plus policyholders have access to a consultation from a leading data risk management provider at no additional cost.
We know that the risks your printing business faces are different than the risks affecting other manufacturing businesses. We also believe that you can help defend against your unique set of risks with the right information and some smart guidance.
Our value-added services focus on identifying and mitigating the risks your business faces each day. An assessment of your protection systems, hazardous materials, and best practice risk control measures can help uncover the inherent risks associated with the equipment and materials you use. In-person consultations carried out by experienced risk services professionals can leave you with the knowledge and confidence you need to protect every aspect of the business you’ve worked so hard to build.
Resources for Manufacturing
Business owners face unique risks that could land them in legal trouble. With our industry expertise and a substantial network of top brokers, we can help protect your company with the right liability insurance.
Have you considered what would happen if something caused you to close up shop or suspend production for a while? Are you sure your business could survive the setback? Learn why business interruption insurance is so important to keep your company going.