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Front Row's online workplace insurance policy.
Being 100% online confers many benefits, including:
- Time savings: quote and buy office insurance in just ~5 minutes on your phone, tablet or laptop.
- Dollar savings: no underwriter means the cost to provide a policy for your office is more cost efficient, allowing us to pass the savings onto you in the form of a less expensive policy.
- No need to discuss, print, sign, scan or fax anything.
- More environmentally friendly (paperless).
- Includes a free certificate to give to your landlord to satisfy your lease requirement to prove that you have insurance.
What is business insurance, exactly?
Business insurance (or office insurance / workplace insurance) allows agency owners to know that their business is protected if they ever suffer a covered loss. Owners of advertising and digital marketing agencies should be aware that when they rent office space to conduct business, they open themselves up to a variety of risks.
The cost to transfer that risk to insurance is low compared to the expense of an actual office: theft, fire, client slip & fall.
Let's look at some examples of advertising and digital marketing agency accidents:
Ad agency burglary
Ad agencies are often targeted by burglars: one agency suffered $800,000 in losses when burglars broke in and stole their computers and other equipment. Another agency was victim to a smash-and-grab in which the burglar threw a rock through its office door, broke in and stole valuable office equipment, including a 42-inch flat-screen television.
Under Front Row's workplace insurance policy, all office equipment would have full replacement cost coverage – up to the policy limit – for theft, damage, fire.
Crime coverage can be added onto any office insurance policy. This coverage extends to crime losses that are not insured under the basic office policy. Briefly described, commercial crime insurance covers: money, securities and other property against a variety of criminal acts, such as employee theft, robbery, forgery, and computer fraud.
Ad agency fire
One of the world’s biggest and most renowned ad agencies once suffered a major fire at its headquarters that destroyed the majority of the office.
Front Row’s workplace insurance policy includes Tenants Legal Liability (TLL), which covers you (the insured) for legal liability in cases where the tenant causes damage to the rented property. If you rent a portion of an office in a building and you have a fire, then your TLL will cover the damages to the area you occupy.
Ad agency slip & fall
It is entirely conceivable that, when they come over to view a presentation, one of your agency’s clients might slip on a spilled coffee on the hardwood floor and badly roll their ankle. This client may decide to sue the agency for damages.
Front Row’s workplace insurance policy includes Commercial General Liability, which is coverage designed to protect against all sums that the insured shall become legally obligated to pay for bodily injury, property damage or personal injury to third parties arising out of your business operations. It includes the cost of a lawyer to defend you.
How can workplace insurance/office insurance help ad agencies?
Protect your equipment: What if your agency computers and office supplies are stolen or damaged in some way, such as in a fire? Under Front Row's office insurance policy, all your office equipment has full replacement cost coverage for theft, damage, and fire.
Protect your agency in case of a lawsuit: Commercial General Liability coverage is designed to protect against sums that you may become obligated to pay for bodily injury or property damage to third parties arising out of your business operations.
Obtain a fast online quote and buy a policy online in just ~5 minutes, 24/7:
About: Front Row Insurance Brokers Inc. is an independent insurance broker that provides online workplace insurance for a very low cost, available to quote and buy online 24/7 in just 5 minutes. Should a claim occur, Front Row works diligently with clients and insurers to expedite payment of claims. Front Row has offices in Vancouver, Toronto, Montreal, Calgary and Halifax.
Related:
Insurance for Advertising Agencies in Canada | Ad Agency Insurance
Studio Insurance for GDC Members
Citations:
https://www.latimes.com/archives/la-xpm-1996-02-23-mn-39185-story.html
DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.