PRINTERS ERRORS AND OMISSIONS INSURANCE
Costly mistakes can happen – even to people with the best training and years of experience. It’s human nature. Human oversights, digital errors, and machine malfunctions can lead to costly mistakes. These mistakes can cost time and money, and cause a client to leave you. But worse, a customer may claim they lost money because of your professional negligence, an error, or a simple failure to perform or deliver the services agreed upon.
Don’t miss out on having coverage for when a customer is dissatisfied with your work—or a legitimate error or omission is made—and a complaint is filed.
Printers Errors and Omissions insurance covers error costs such as:
▪ Cost to recover work containing errors
▪ Cost for expenses to repair, replace or recreate your electronic data forming part of your printing services or products
▪ Cost incurred to withdraw or inspect work because of known or suspected deficiencies in the work
GENERAL LIABILITY INSURANCE
Covers your print shop if a third party sues you over:
▪ Bodily injuries that happened at your shop
▪ Property damage you caused
▪ Libel or slander
For example, let's say it's a rainy day and you've already mopped up your storefront once. But after a series of customers come in, the floor starts to get slippery. Before you have time to notice, a new customer walks in, slips, and breaks their arm. Your General Liability Insurance can help you pay for their immediate medical expenses. It can also pay to repair or replace their property damaged by the fall. If the claim goes to court, General Liability can even cover your attorney fees and settlements or judgments.
COMMERCIAL PROPERTY INSURANCE
Printers rely on their machinery, and if something goes wrong with one piece of equipment, the whole operation can suffer. A damaged machine can prevent you from earning revenue. This is the policy you'll turn to when your shop building, printing equipment, card stock inventory, or other assets are lost or damaged because of:
▪ Water damage
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 budget is already tight, and now the loss of productivity and sudden rise in costs could force you to make layoffs and other difficult cuts. Commercial Property Insurance can pay to replace your damaged gear and make necessary repairs to both your equipment and building.