There are millions of bloggers in the world, but few of them have ever considered whether they may need some kind of blogger insurance. A casual hobby slowly grows, brands start buying and eventually, a small business is born. At some point a business name is purchased, casual contributors are added and your media empire begins. But, at what point should a blogger consider some kind of insurance? The answer is, sooner than you think. In fact, if you’re already writing regularly and making some income you should start considering whether insurance is needed.
Is there Blogger Insurance?
There are generally three different types of insurance that a blogger can consider having : Small business insurance, errors and omissions insurance and cyber liability insurance. Each of them have benefits to holding a policy, and protect you in case you have a problem. While the risk may seem minor as you start, it only grows over time. Learn more about these types of insurance below.
What does Small Business Insurance do for me?
Small business insurance protects you in event of a problem that could result in being liable for damages. Some examples include if clients visit your business and get injured, if you have contributors who work for you, or you have an inventory that could be stolen or destroyed. In many cases, home or renter’s insurance will not cover your business items. There are many reasons to have small business insurance as a blogger, but these are just a few possible examples. Call us at 1-877-514-7873 or get an online quote to see what insurance may cost your small blogging business.
What is the importance of Errors and Omissions Insurance?
Errors and Omissions Insurance (E&O) is a type of professional liability protection. It’s ideal for bloggers who write for other sites or even your own. Imagine writing a review about a product, where you accidentally suggest something that ends up causing damage to one of your readers. They could potentially sue you for your error in suggesting how to use the product. Alternatively, imagine you’re posting a piece of content to a client’s website, and you go to update something and it deletes all their previous content. Again, your client could sue you for the error. E&O insurance helps to protect you if that were to happen.
What about Digital Security?
As a blogger, generally your entire business is built online. That gives you incredible flexibility, but it also presents a risk. Cyber crime continues to be a growing problem. Today, someone can learn to hack into a compromised system through online tutorials and steal data from you. As a blogger, this could mean the deletion of content, stealing client details or even identity theft. In order to protect yourself, having a kind of digital security insurance is a good start. Naturally, you should also look into further securing your data through two factor authentication, anti-virus’ and encryption. Learn more about the importance of cyber insurance in here.
If you’re a blogger with any kind of an audience or clients who you write for, you should consider insurance. While you may find that the risk is minor initially, as you grow, so too does the risk. At some point, you’ll need to decide on an insurance strategy that makes sense for you and your business.