Professional photographers and videographers should have specific types of business insurance. Most importantly, these professionals must protect themselves from liability issues. However, there are other types of insurance that may be beneficial to have as well. Below, we’ll discuss why photographers and videographers need insurance and what types they should have.
Why Do Professional Photographers & Videographers Need Business Insurance?
There are numerous reasons why photographers should purchase business insurance.
First, if you are a photographer, you are producing a product and performing a service. In both situations, you’ll need to protect yourself from liability issues. For example, you could potentially have a case brought against you for injuries, accidents, problems with products, or other unexpected problems.
You should also keep in mind that your business requires you to have expensive photography equipment and a business vehicle. Your equipment should have its own insurance in the event something happens to it (for example, you accidentally drop it in water while shooting a wedding party at the beach).
While your vehicle may be your own personal car, remember that whenever you drive a personal vehicle in business-related situations, you need to have commercial auto coverage.
Types of Business Insurance Photographers & Videographers Should Have
#1 – General Liability Insurance
As a photographer in sensitive, sometimes intimate situations (such as during the birth of a baby, a wedding, a proposal, etc.), you may be put into a position where accidents or injuries could occur. General liability insurance can cover you in these situations.
#2 – Commercial Auto Insurance
This type of insurance covers your vehicle if you experience an accident and the vehicle is damaged. It may also provide coverage for personal injuries in the event you or someone else is injured in your car while driving it for work-related purposes.
#3 – Equipment Insurance
Your photography equipment may be worth tens of thousands of dollars. To ensure you don’t have a major financial loss related to its damage, there’s equipment insurance. You can speak with your business insurance agent about the exact type and amount of this insurance you require. It will generally depend on how much equipment you own and how much it is worth.
As a professional and a business owner, it’s essential to protect the business and client base you’ve created and cultivated. Purchasing the right types of business insurance is a wonderful place to start.
Also Read: Tips for Saving on Business Insurance