Insurance for Public Relations (PR) Agencies

As a public relations agency, you likely understand that the wrong words at the wrong time can do a lot of damage, especially in the age of social media. While you are protecting the reputation of your clients, you should also be protecting your business with proper insurance coverage.

Why Your Public Relations Agency Should Have Insurance 

No company likes to think that they will be sued by a client, but the fact is it could happen to any number of businesses. If they think a campaign caused them financial loss, a client could decide to sue you.

Another growing concern for businesses of all sizes is cybersecurity. All businesses need to protect themselves against the very real threat of a cyber attack. Data breaches are time-consuming and expensive, so it makes sense to invest in protection against these types of security threats.

Finally, while you may not have a physical product, if you have an office that clients visit, there is the chance that someone could slip, fall, and injure themselves.

Professional Liability Insurance for PR Agencies 

Professional liability insurance can help protect you if a client believes that a mistake you made in connection with your professional services caused them harm and decides to sue you.

Workers’ Comp Insurance 

Depending on what state your business is located in, if you have employees, workers’ compensation may be a legal requirement. A workers’ compensation policy can help your employees who are injured or become ill because of work related events by covering things like medical bills, emergency room visits, and ongoing care costs. Policies can vary, so it is always good practice to review them with your local insurance agent.

General Liability Insurance   

Typically, a general liability policy can give you financial protection if a client or other third-party is accidentally hurt or their property is damaged while they are on your premises due to a covered claim. For example, if a client trips and falls in your office, a liability policy could help.

Cyber Liability Insurance for Public Relations Agencies 

Cyber liability insurance helps to provide your company with protection from data recovery costs, reputational damage, and income loss if your clients’ data and records are exposed. Businesses today are becoming increasingly reliant on technology, making the possibility of data breaches less of an “if” and more of a “when.” A data breach can do more than just damage your computer system- it can also result in fines and legal fees.

Insurance Quotes for Public Relations Agencies  

What a PR agency might pay to cover their business can depend on a few different factors, such as:

• The services you offer
• The insurance coverages you choose
• The number of employees your business has
• Where your business is based out of

Coverage types and limits will also determine your annual insurance costs, as may other relevant factors. You can request a custom quote by filling out our online form here, or you can call one of our local offices to start the process.

 

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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.