Photographer Insurance
Photographers insurance is extremely essential for all photographers to secure the present and future of photography business. Photographers’ insurance policy provides monetary coverage in case of theft, loss and damage of the camera. If the photographer is shooting commercially then separate insurance policy for photography equipment is required so as to insure the business of being a professional photographer. Photographer
Comments
Comment from celica_pete21
Time May 26, 2010 at 3:03 pm
The situation you've mentioned would be covered by errors and omissions insurance (AKA "E&O"). This insurance needs to be at least adequate to completely re-stage all relevant parts of the event to reproduce the photographs. This means that you would need to have enough coverage to re-rent the venue, tuxes, any decorations, fly in relatives…… In worst case. It would seldom ever come to that, but it HAS happened. Joining PPA offers you one option for E&O insurance.
However, far more important than E&O coverage is the liability coverage. The industry standard for US wedding photography is $1,000,000 general liability coverage. Some reasons this coverage is important:
-What if one of your clients trips and hurts themselves while you are taking their portraits?
-What if one of your lights shorts out an outlet and sets the venue on fire?
-What if you knock over the cake, an antique vase at the venue, etc etc….
Generally speaking, anticipate spending about $1000/yr on these kinds of insurance. You can get cheaper or more expensive policies depending on your specific needs, but that will put you in the right ballpark. Obviously, consult an insurance professional for actual pricing and coverage information.
Regarding the advice above on incorporating, you should consult an attorney fluent in your local business laws before making that decision. In many cases, it is difficult or impossible for a very small business to maintain enough separation between business and personal assets to maintain the corporate veil. Even if you incorporate, a clever attorney can seize upon a single instance of co-mingling assets to render all of your limits of personal liability useless. I'm not saying don't incorporate: I'm saying speak to a lawyer.
Comment from Steve C
Time May 29, 2010 at 7:30 pm
Health, theft, fire, auto, and property.
Comment from fbaranik
Time May 26, 2010 at 2:29 pm
You can get it through PPA. Check with your insurance agent. I used to have it through PPA but got a better deal through State Farm.