INSURANCE FOR MARKETING, NEW MEDIA AND CREATIVE CONSULTANTS
At isure, we understand the unique insurance challenges for marketing consultants and new media professionals.
Designing websites, promotional literature or interiors of buildings can be fun and hugely rewarding. However, if your client suffers financial loss, you could be the subject of a claim for damages. See our policy terms to determine if this cover is suitable for you.
Don’t run the risk and put your future on the line when you can buy Professional Indemnity insurance quickly and easily for all the professions listed below. So, why not get a quote today?
Not sure if you need Professional Indemnity Insurance?
If you’re a marketing or media consultant and offer advice or consultancy services and don’t provide the correct professional advice to a client or fail to perform essential tasks that impact on project delivery or success, there is a chance your client may take legal action against you. It’s an unfortunate reality that just one small mistake, error of judgement, injury or perceived piece of bad advice can lead to a claim against your business or you – and cost you professionally and financially. Professional Indemnity insurance can act as a safety net to provide protection from the costs associated with claims (including legal costs and damages awarded).
How much cover would I need?
When considering the selection of the indemnity limit, bear in mind that should you become subjected to a protracted legal action requiring professional expert witnesses and other legal professionals, the indemnity limit will be significantly eroded by these costs and reduce the available limit to pay awards made against you. Naturally we understand that any purchase is geared to the ability to pay, however, you may want to consider that purchasing professional indemnity with a low limit could ultimately be financially crippling.
As a media and marketing consultant, you may have already noticed that potential clients will often insist on also having Public and Products Liability insurance. A growing number of organisations across both the public and private sectors are simply not willing to work with any supplier who does not have Public and Products Liability insurance protection in place.
Professional Indemnity Premium examples*
|Fee Band||Limit of Indemnity||Excess|
|$25,001 – $50,000||$205||$235||$290||$250|
|$50,001 – $75,000||$230||$290||$350||$500|
|$75,001 – $100,000||$265||$340||$410||$500|
|$100,001 – $150,000||$370||$430||$595||$500|
Public & Products Liability*
|Limit of Indemnity||Premium||Excess|
|$250,000||Manual Work +||Offshore Work +|
*An annual Administration fee of $25.00 + GST is also payable
Consumer protection legislation breaches of Competition and Consumer Act 2010 and Australian Consumer Law for false or misleading representations about services or products.
Infringement of Copyright
Typography, layout errors, spelling errors in brochures or marketing material e.g omission of critical information required by law, inaccurate pricing information.
Administrative errors with reservation of media space resulting in incorrect dates, this could prove costly if your client is a retail store and they lose “effective advertising” for their sale.
Want more information on our professional indemnity insurance for marketing consultants? Get a quote today.