You've worked hard to build a web design business. Perhaps you are ready to jump out on your own and start freelancing. Or you may be developing a large-scale business and you're proud of what it’s becoming. In any case, all businesses—big and small—have risks. With the right type and amount of business insurance in place, you can safely keep your company from facing significant financial risk. What types of insurance are valuable to your company? What can you not afford to miss?
Professional Liability Insurance
Of specific importance to many businesses in this field is professional liability insurance. This type of coverage helps to protect you from claims associated with poor performance of the service you provide. For example, you may have designed a website that is not functional or working the way the client desired (and was written into the contract). You may be protected from any claims made against you for negligence if you have this type of coverage in place. Creative differences like this happen frequently in this industry. You may also want to consider adding copyright infringement protection, which adds additional coverage under this specific area.
Business insurance should also provide for your assets. You could suffer a significant data loss, for example, leading to the loss of key information you need to perform your business. You may need property insurance that covers all of your assets, such as your electronic equipment.
General Liability Insurance
Most web designers also need a general liability insurance plan. This helps protect you in instances of injury or loss incurred by people who are not your employees who come to your business. For example, if someone slips and falls on your walkway, this coverage protects you from those risks.
Web design companies need business insurance designed to accommodate their specific risks. Your business is unique. That's why you need to work closely with your agent to ensure all of your risks are covered. Don't overlook protecting your property and minimizing your liability to keep your business thriving and growing without financial strain from claims against your company.
Are you covered? Call CSP Insurance Services at (843) 519-2557 for more information on Florence SC business insurance.