Book Printer Insurance

How to Find the Best Book Printer Insurance

Book Printer Insurance

Book printers are hired by corporations, authors, and publishers to print hardcover and paperback cookbooks, children’s books, trade books, and any other kind of book imaginable. Book printers may also offer other services, including printing stationery, calendars, packaging, and more. And book printers often offer a variety of finishing services, including laser die cutting, foil etching, laminating, and varnishing.

Book printing is a big undertaking that requires a large printing facility, perhaps hundreds of large, high-speed printing presses, collators, die-cut machines, and other equipment, as well as hundreds of employees to run the presses and complete, box, and ship the finished products.  

Great care must be taken to ensure high-quality, error-free products have been produced before finished books are delivered to stores or wherever their final destination may be. What’s more, every book printer must carefully maintain the safety of its customers, workers, and other business partners on their premises, while also protecting your own property and equipment from damage. 

Book printer insurance can help you protect all aspects of your business, including your customers, your employees, and your property and equipment.  

An independent insurance agent can help you find tailored business insurance that covers your risks.

Why Do You Need Book Printer Insurance? 

It’s your job as a book printer to make sure that everything is perfect before the book is printed and shipped. If any one thing goes wrong at any time in the process, the outcome can be disastrous for both your client and you. 

What’s more, you’ve got expensive buildings, equipment, papers, inks, and other inventory on supplies that are not only valuable, but that are highly susceptible to fire, smoke, and water damage. What would you do if you faced a partial or total loss? 

And you face a variety of other risks to your business as well. 

  • Customers visiting your premises to make an order or vendors delivering supplies can get injured in a simple trip and fall incident, or worse.
  • Your printing environment is dangerous to your employees.
  • Your printing presses, computers, and other machines and equipment can malfunction or suffer damage and take a serious bite out of your productivity. 
  • A loss of important electronic records could lead to a serious and unrecoverable productivity and revenue shortage.

That’s where your book printer insurance can help. It helps you cover the costs of property and liability claims, so you can recover and stay in business. 

Why Do Book Printers Need Property Insurance? 

It’s important to understand your risk for property losses. You have numerous flammable materials on hand (papers, inks, other chemicals), as well valuable inventory, equipment, machinery, and more. Your buildings, equipment, and inventory are susceptible to fire, theft, vandalism, and natural disasters. How would you recover if you faced a partial or total loss? 

  • Commercial property insurance: This protects your building and other property in the event of a covered loss, such as fire, vandalism, smoke, or theft. It provides coverage for lost inventory, printing presses, machinery, tools, warehouses and office space, office equipment, computers, and more. It may also provide coverage for neighboring facilities and completed products housed on your premises. Coverage applies whether you own or lease your business property.
  • Business interruption coverage: This protects your earnings and helps to pay expenses if your business is unable to operate because of damage caused by some type of covered disruption (fire, hail, wind, equipment breakdown). You can even include coverage for breakdowns in utility services (water, electrical) if a storm or some other event takes down power lines and cuts off your electrical and telephone service, and you’re forced to temporarily close your doors. 

You need to work with an experienced independent insurance agent who can help you evaluate and calculate how much and what type of coverage you need for your printing operations, equipment, and inventory. While evaluating your business for property insurance, your agent will likely pay close attention to how you handle the flammables on your property. Taking appropriate fire precautions will help you secure better coverage and lower rates.

How Can Book Printers Protect against Equipment Breakdown? 

Another potentially devastating property risk for book printers is damage to or breakdown of equipment. Without your specialized printing presses and other equipment, your business would be unable to operate, pay for expenses, and earn revenue. 

  • Equipment breakdown insurance: This is often referred to as boiler and machinery coverage, and it supplements your business property insurance. It covers certain costs associated with accidental breakdown of machinery or equipment and the resulting property damage or loss. 

Equipment breakdown coverage protects against breakdowns caused by power surges, motor burnout, boiler malfunction, and operator error. It covers all sorts of equipment, including new technology. Equipment breakdown coverage may pay for the cost of repairing the damaged equipment, the costs associated with the time and labor to repair or replace the equipment, business income losses when a covered breakdown causes a business interruption, and the cost to replace spoiled stock or materials.             

Why Do Book Printers Need Liability Insurance? 

Book printers face numerous liability risks, including copyright infringement, libel, slander, defamation of character, and advertising liability. What’s more, at any time one of your customers, business partners, or anyone who visits your premises can be injured or sustain some kind of property damage. 

You can protect your operations, products, and customers with a variety of business liability policies designed for book printers. 

  • Commercial general liability (CGL) insurance: This coverage is necessary for occasions in which your business is negligent and causes bodily injury or property damage to a third party. Your CGL policy protects you in the event of third-party lawsuits, with coverage for attorney fees, court costs, settlements, and judgments up to the limits of your policy. 
  • Cyber liability insurance: A virus, hacker, or a glitch in your computer system can wreak havoc on your printing business. When clients, employees, vendors, or others have their sensitive data compromised, you’re responsible for paying for much of the damage, and you may also be sued. Cyber liability insurance protects you from the risks associated with cyberattacks, data breaches, viruses, and other cyber-related issues.
  • Environmental liability insurance: The inks and solvents that you use in the printing process could be toxic and may contaminate the air, ground, or water if they are not handled properly. Environmental liability insurance covers a variety of pollution exposures.
  • Commercial auto insurance: This covers your vehicle fleet and drivers in the event of an accident or other vehicle damage that occurs. Commercial auto insurance provides coverage for property damage and bodily injury liability claims, vehicle damage, and medical bills, as well as any costs related to lawsuits due to auto accidents involving your vehicle fleet as they transport your products from place to place.
  • Commercial umbrella insurance: This provides an extra layer of liability protection to any of several other policies you might have. Commercial umbrella insurance kicks in when the limits of your other applicable insurance policies have been exhausted, protecting you in the event that a claim exceeds the amount of coverage available from any other applicable policy. 

Why Do Book Printers Need Professional Liability Insurance? 

Your clients trust you to provide a timely, high-quality product that they’re proud to deliver to their customers and business partners. But what if you make a mistake or fail to deliver as promised? 

Printers and publishers professional liability insurance is a special type of errors and omissions insurance designed for commercial printers and publishers. It protects you if you make a mistake or an error during the printing process or if you fail to deliver products as promised (such as missing a deadline). 

In these cases, your professional liability insurance may cover the costs of any legal action against you, even if the claims are unfounded. It can also protect you from accusations of copyright infringement, defamation, libel, and slander.

If you’re sued for an error or oversight in your services, a printers and publishers professional liability policy will likely pay for:

  • Attorney fees and court costs
  • Court-ordered judgments
  • Settlements

Some policies may also cover the costs to remove or destroy the erroneous work as well as cover the costs associated with reprinting it. 

Insurance Coverage for Your Graphic Designers

Book printers often offer design and publishing services, as well. You likely employ graphic designers who help clients create book layouts from scratch, or who prepare for the printing process books designed by external sources. It’s important that if you offer graphic design services, you have the insurance to back you up when things go wrong. 

Most of the book printer insurance policies that you have will cover your graphic design services. But it’s important to discuss it with your independent insurance agent so you don’t have any gaps in your protection.

Commercial general liability insurance might cover a graphic designer in cases where the designer’s work causes you to be accused of:

  • Damaging a client’s property 
  • Inadvertently using copyrighted material
  • False advertising
  • Libel or slander

Graphic designers professional liability insurance is also important. Your clients rely on your design services for skills and expertise. Your designers may provide advice on strategy and branding, and create designs that are vital to a book’s success. If a designer that you employ makes a mistake or is somehow negligent, it could harm a client’s reputation and even cause financial harm. 

Professional liability insurance protects you if a designer’s advice or services cause financial harm to a client. You can be sued for any number of reasons, including: 

  • Actual or alleged errors, omissions, or negligence 
  • Plagiarism, piracy, or copyright infringement

Your graphic designers professional liability policy will pay for your legal defense, including attorney fees, court costs, and any settlements or judgments that you must pay if you’re sued for this type of claim. 

What Other Insurance Policies Do Book Printers Need? 

In addition to property and liability insurance, book printers likely need several other business insurance policies to reduce any gaps in coverage. Here’s a rundown of what to discuss with your independent insurance agent:

  • Workers’ compensation insurance: This provides insurance coverage when accidents happen at the workplace. It ensures that the injured worker gets medical care and income protection while unable to work. Workers’ compensation insurance provides benefits to injured workers regardless of who is at fault for their injury. And it will provide death benefits for a worker’s dependents if the worker is killed. 
  • Computers and media coverage: This helps you pay to replace lost data and related lost income if your computers are damaged by a covered loss, such as theft, vandalism, viruses, or malware. It may also pay for physical damage to computers or hardware. 

How Much Does Book Printer Insurance Cost? 

In general, book printer insurance costs will vary depending on the size of your business, the number of employees you have, the amount and value of your commercial property, the location of your business, and a variety of other variables. 

An independent insurance agent can guide you though your options so you get coverage that meets your needs and budget. 

Benefits of an Independent Agent

Our agents simplify the search process for finding the right book printer insurance. They’ll walk you through the handpicked policy options and explain the details.

Most importantly, they’ll be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately. 

The Lowdown on Online Quotes

Online quotes can be tempting. They are fast and easy to get — but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.  

Online quotes can’t and don’t see the whole picture. They can omit important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of. 

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. 

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TrustedChoice.com Article | Reviewed by Paul Martin

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