Contractor Insurance for Marketing, Media and Creative Professionals
working in the professions, such as engineering
, are well used to taking out contractor insurance
, often as a membership requirement of their professional bodies. And contractor insurance is very common in the IT sector
and in management consulting
and creative contractors
often do not have the same professional requirement to obtain contractor insurance. Yet without contractor insurance, they may be exposed to the risk of a client seeking compensation for alleged negligence or confidentiality breaches.
Marketing, media and creative contractor insurance protects against client claims
Mistakes made when commissioning a rebrand, developing a social media platform or managing reputational risk can be just as expensive for clients as an accounting mistake or engineering design flaw. And just the cost of legal fees for a single claim could clean you out financially. This is without even factoring in the costs of compensation if you lose.
So, if you deliver marketing
and creative services
, contractor insurance can provide you with indemnity
up to your policy limit in the event that a client sues you. Contractor insurance
can also protect against unintentional intellectual property infringement, which can be an ongoing risk if you are a creative contractor
, such as a graphic designer
Industry specific contractor insurance
In the same way that there are contractor insurance policies designed specifically with engineers
or IT contractors
in mind, you can also buy a professional indemnity
policy that has been built specially to address the risks facing marketing
and creative freelancers
With contractor insurance that provides professional indemnity cover, you can access expert assistance to deal with a client’s claim from the outset. It is not just members of professional institutes who need professional indemnity insurance
; your media and creative output deserves the same level of protection from your own contractor insurance policy.
Often, having the early assistance provided via your contractor insurance
can prevent a dispute with a client over a possible breach of contract, or an error that crept into a multi-million pound marketing campaign, from developing into full blown litigation. You may be able to negotiate the opportunity to fix a mistake, or could be completely exonerated.