A stenography business should purchase General Liability Insurance to protect itself from third party claims, i.e. customers, clients, competitors, vendors, and other visitors to your office. Premises liability risks may be minimal since court reporters often drive to meet their clients. But people do sustain injuries from falls or other accidents and you need to be protected from expensive medical claims and lawsuits.
E&O Insurance covers defense costs in the event of a lawsuit. A stenographer’s accuracy of work is integral to the judicial process, which means court reporters have a high risk for liability. Errors by court reporters can greatly impact court outcomes. If an error in a transcript results in further court costs and/or attorney fees, the client can sue you for poor quality work or negligence.
In addition, stenographers must maintain strict confidentiality of all recorded information in order to prevent professional liability claims.
Typical work-related injury claims for court reporters are for injuries related to the repetitive motions of keying and eyestrain from use of computers for long periods of time.
Court reporters will be at risk of automobile accidents since most of their work entails traveling to meet clients. Even if your company does not own vehicles, you should still carry Non-owned & Hired Auto Liability as you could be sued resulting from accidents in employee-owned vehicles.
All businesses need Property Insurance to cover damage from fire, weather and electrical or plumbing mishaps. In addition to the building itself, stenography equipment, files and office furniture can be damaged. If a fire sweeps through the building, the equipment needed to function as a court reporter would be need to be replaced immediately. Property insurance also covers lost income in the event that business cannot be conducted until repairs are completed or equipment is replaced.
Employee dishonesty will be the main crime risk for court reporters. Embezzlement by bookkeepers or other employees is always a risk. Crime insurance also covers any loss of property due to employee theft.