Graphic design & related – error and omission insurance rates?

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1. The cost of error and omission insurance (also known as professional liability insurance) for a sole proprietor graphic designer can vary widely based on several factors, including your location, the size of your business, your claims history, and specifics of the coverage.

   For a coverage amount of $2 million, you can generally expect rates to fall within the range of $500 to $2,500 per year. However, it’s important to get quotes from multiple insurers to find the best rate for your specific situation.

   Factors that can influence your premium include:

   • Experience Level: More experienced graphic designers may receive lower rates.
   • Client Base: Working with larger clients or industries with higher risks might increase rates.
   • Claims History: A history of previous claims can lead to higher premiums.
   • Coverage Details: Additional endorsements or higher deductibles can affect the cost.

   It’s always a good idea to consult with an insurance broker who specializes in this area to get tailored advice and quotes.

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