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Printers Professional Indemnity insurance

Printers Professional Indemnity insurance

As a business you might be wondering why on earth you need to buy Printers Professional Indemnity Insurance ?

In your industry the risk of a Professional Indemnity claim tends to be linked to either a breach of copyright or more commonly a straight forward typo error or mistake!

The following example is a typical claims example for a Printer client:

A printer made a simple human error. The printer sent the wrong file to press and this was then dispatched to the printer client’s customers. In total 75000 leaflets were printed and sent out to 75000 of the printer client’s customers. The client was annoyed and told the printer that he expected the job to be done again at no cost and that an apology also be sent to the clients.

Luckily the printer had a Media Professionals Professional Indemnity policy that included an extension of cover for rectification and loss mitigation costs. The claim was eventually settled by the insurers at £ 20,000 who paid for the reprint and the additional postage costs and advised the printer through the process.

If this had been your firm and the claim had been made against you would you have the financial means to pay for the additional work to be done again?. This is where Printers Professional Indemnity insurance can provide real peace of mind.

For further information, please contact us or get an online quote today.

A suitable Professional Indemnity policy can take care of all this for you and give you the peace of mind that you are covered in the event of a claim against you for professional negligence.

As a printer you need to be covered on a Media Professional Indemnity policy wording as this would provide cover for the following:

  • Breach of civil liability
  • Negligent act error or omission
  • Unintentional intellectual property rights infringement (other than patents)
  • Unintentional breach of confidentiality
  • Unintentional defamation
  • Loss of third party documents or data
  • Irrecoverable fees
  • Rectification and loss mitigation costs
  • Bodily injury or property damage arising from breach of professional duty
  • Computer virus transmission
  • Negligence of sub-contractors
  • Defence costs
  • Court attendance costs

As mentioned in the claims example above the extensions of cover in respect of irrecoverable fees and rectification and loss mitigation are of particular relevance as most media professionals will normally be in a position to fix a problem before it ever becomes apparent to their client. The end result is no third party claim for damages and therefore, under most Professional Indemnity policy wordings, no valid Professional Indemnity claim.

For this reason, it is essential that a suitable media wording is bought that includes cover for rectification and irrecoverable fees- also referred to as ‘first party ‘ cover.

Hensure Business Insurance has access to a number of Professional Indemnity Insurers who can underwrite the Professional Indemnity risk for a Printer at a very competitive premium with wide levels of cover.

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