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Interpreter Insurance

Interpreting is a challenging profession that involves facilitating communication between individuals who speak different languages. This requires not only excellent language skills but also the ability to understand and convey cultural nuances accurately. Interpreters work in a variety of settings, such as hospitals, courtrooms, schools, and businesses. They play a crucial role in breaking down language barriers and ensuring that everyone can understand each other. However, this profession is not without risks. That’s why interpreter insurance is essential for those who work in this field.

Who Needs Interpreter Insurance?

Interpreters who work as independent contractors or freelancers need insurance to protect themselves against potential lawsuits and other risks. Interpreters are often held liable if there are any misunderstandings or errors in communication that result in financial losses or legal disputes. For instance, if an interpreter misinterprets a critical medical term, it could lead to severe consequences, including patient harm or death. Therefore, all interpreters should consider getting insured to avoid any financial or legal setbacks.

Types of Insurance Needed by Interpreters

Interpreters need several types of insurance coverage to protect themselves against various risks. Here are some of the most crucial ones:

  • General Liability Insurance: this type of insurance covers interpreters against lawsuits related to property damage or bodily injuries that may arise during a job.
  • Professional Liability Insurance: also known as Errors and Omission (E&O) insurance, this policy offers protection against claims of professional negligence, misrepresentation, or errors made during interpreting services.
  • Workers’ Compensation Insurance: interpreters who work for agencies or companies may need workers’ compensation insurance to cover injuries sustained while working.
  • Cyber Liability Insurance: as more interpreters work remotely through video conferencing platforms, cyber liability insurance can provide protection against data breaches and cyber-attacks.

How Much Does Interpreter Insurance Cost?

The cost of interpreter insurance varies depending on the type of coverage and several other factors such as the interpreter’s experience level, location, and the type of clients they work with. Generally, liability insurance can cost anywhere from $500 to $1,500 per year, while E&O insurance can cost between $500 and $2,000 annually. The cost of workers’ compensation insurance varies by state, and interpreters can expect to pay between $500 and $2,000 per year.

Interpreters Risks and Exposures

Interpreters face numerous risks and exposures that could result in significant financial losses if not adequately insured. Here are some of the most common risks:

  • Misinterpretation: the primary risk for interpreters is making mistakes in interpreting, which could lead to misunderstandings, legal disputes or financial losses.
  • Injury or Illness: interpreters who work in healthcare settings could contract contagious diseases or sustain injuries while working with patients.
  • Property Damage: interpreters could damage client property while on the job, leading to lawsuits or liability claims.
  • Cybersecurity Threats: interpreters who work remotely could be exposed to cybersecurity threats such as data breaches or cyber-attacks.

Commercial Insurance and Business Industry Classification 

  • SIC CODE: 7389 Business Services, Not Elsewhere Classified
  • NAICS CODE: 541930 Translation and Interpretation Services
  • Suggested Workers Compensation Code(s): 8810 Clerical Office Employees NOC

Interpreter Insurance – The Bottom Line

Interpreter insurance is essential for anyone who works in this profession. It provides protection against various risks and exposure that interpreters may face while on the job. Interpreters should consider getting liability insurance, E&O insurance, workers’ compensation coverage, and cyber liability insurance to cover themselves against different eventualities. The cost of interpreter insurance varies by the type of coverage and several other factors. However, it’s worth investing in insurance to avoid significant financial and legal setbacks down the road.

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