Advertising Agency Insurance Rates
How Much Is Business Insurance for Small Advertising Agencies?

Irrespective of the size of the business or the number or type of policies purchased, the average annual cost of insurance for small advertising agencies in 2014 was $807.73, slightly higher than the average cost for small businesses in general. The median cost was $500.00.

Advertising agency insurance provides crucial protection for advertising agencies of all sizes. Carrying liability and commercial property policies gives an advertising agency the freedom to use revenue for employee salaries, software, and growth projects rather than legal bills or repairs of damaged equipment. Whether a fire destroys your computers or a dissatisfied clients sues you for negligence, business insurance can help cover your costs.

So how much does insurance cost for an advertising agency? There's no easy formula that works for everyone, but we can give you some ballparks based on insurance policies we've written in the past. The estimates below offer a ballpark of what a typical advertising agency pays for insurance.

Note: These insurance quotes are only estimates. Premiums can vary.

How Much Is Errors and Omissions Insurance (Media Liability Coverage) for Small Advertising Agencies?

Media Liability Insurance (also called Professional Liability Insurance) helps cover the legal costs associated with lawsuits over professional work. For example, if an ad you develop is construed as libelous and you're sued, your Media Liability Insurance may be able to cover your legal bills, along with any settlements or judgments you're found liable for paying.

The average cost of a $1M / $1M E&O policy for a small advertising agencies is $1,045.35, somewhat higher than the average cost for advertising and media professionals in general and for small businesses in general.

To see how the cost of Errors and Omissions Insurance for advertising agencies compares with other industries, visit Insureon's Professional Liability Insurance Cost Analysis.

How Much Is General Liability Insurance for Advertising Agencies?

General Liability Insurance can protect your advertising agency from the costs associated with third-party injuries. Also called "slip-and-fall insurance," General Liability comes into play if a client slips in a puddle in your office and needs medical treatment. In addition to covering lawsuit expenses, it can pay for immediate medical costs such as an ambulance ride from your office to the hospital.

The typical $1M / $2M General Liability Insurance policy for small advertising agencies costs between an average of $439.38, slightly lower than the typical cost for small businesses in general.

To see how the cost of General Liability Insurance for small advertising agencies compares with other industries, visit Insureon's General Liability Insurance Cost Analysis.

What Does a Business Owner's Policy Cost?

If you're interested in saving money on your insurance (and who isn't?), the Business Owner's Policy (or BOP Insurance) may be your style. A bundle of General Liability and Commercial Property Insurance, BOP Insurance offers two key types of protection for a slight discount.

Advertising agency Business Owner's Policies typically average $642.59 in annual premiums, slightly higher than the industry average but somewhat lower than the average cost for small businesses in general.

Free Insurance Quotes for Advertising Agencies

For free estimates, use our online insurance application and an insureon agent will send you customized insurance quotes on E&O, General Liability, and other small business insurance policies.

Grab-n-Go Information

Free Media Liability eBook
Managing Media Liability - How to Protect Your Business from Your Clients' Bad Judgment
Browse eBook
Sample certificates
See a sample Certificate of Liability Insurance, the proof of coverage you need for most contracts.
View Sample
Sample Quotes & Cost Estimates
See what insurance really costs: actual quotes by policy & specialty.
Get Estimates
Ask A Question
Submit your questions about small business insurance and get answers from our experts.
Read Answers