Frequently asked questions about media & creative insurance

• What is a creative business?

  A creative business is a business that produces or delivers products or services based on creative skills, design, or artistic work. This can include activities such as making or designing products, creating artwork, producing content, baking, or providing styling or creative services for customers.
  

• What insurance do I need for my creative business?

  Creative businesses can face a variety of risks depending on what they do, what they sell and how they work with customers. There are different types of business insurance available in the market that can relate to these risks, such as cover for injury or damage to third parties, claims relating to products, claims from employees, loss or damage to stock, and claims arising from professional services or advice.

  The types of insurance available, and how they apply, depend on the insurer and the nature of the business. To understand what options may be available for your creative business, you can speak to Markel Direct, Lukango’s insurance partner.

• Why do small media and creative businesses need insurance?

  Small media and creative businesses face various risks, including legal claims being brought against them, damage to equipment or property, theft of intellectual property, and potential legal claims. Insurance provides financial protection in case of unforeseen events, helping businesses recover from losses and continue their day to day operations.

• What types of insurance do small media and creative businesses typically need?

  The insurance needs of small media and creative businesses may vary, but some common types of coverage include public liability insurance, professional liability insurance, and cyber & data risks insurance. We get small business and make it easy to understand the specific coverage needed for your particular business.

• How could professional indemnity insurance benefit small media and creative businesses?

  Professional indemnity insurance could protect businesses against claims of negligence, errors, or mistakes that may arise from professional services you offer. This coverage helps cover legal expenses, settlements, or judgments resulting from claims a less than happy customer pursues.

• Are there industry-specific insurance considerations for small media and creative businesses?

  Certain types of businesses in the creative and media field may have unique insurance considerations. For example, media companies may need professional indemnity insurance to protect against claims of defamation, copyright infringement, or invasion of privacy. Photographers or videographers might need business equipment insurance to cover their valuable camera gear. It's important to discuss the industry-specific needs that insurance could help protect if something doesn’t go according to plan.

• Do freelance designers or independent artists need insurance?

  Freelance designers and independent artists can benefit from having insurance coverage. While their work may not involve substantial physical risks, they still face potential liability claims related to the services they provide. For example, if a freelance designer's work is used by a client and results in a copyright infringement claim, professional indemnity insurance could help cover legal expenses and potential damages.

  Take a look at the insurance we could offer for those of you working in the creative industry.