Social media awareness alert! Whether you just opened a new photography business, or perhaps you have been in the business of capturing events for your personal or business clients for decades, the business of photography has dramatically changed and warrants an immediate high degree of awareness when it comes to protecting yourself and your business against dissatisfied customers or from others seeking damages (for example, a lawsuit filed by the innocent bystander that happens to be in your film or video in the background).
It is amazing how quickly legal fees can build up, regardless of the outcome of the case. Because of technology available to everyone today, photographers are more likely to be involved in a variety of law suits with the exposure they bear in today’s social media world. Defense events can be expensive and timely, taking away countless earning hours and thousands of dollars from your business.
Those in the photographic business or videography business should examine and revise their contracts to button up exposure in today’s world of socialized media
How do you protect your investment? You have invested thousands of dollars in specialized computer and photography equipment. Be sure to discuss your business equipment inventory insurance needs with your insurance specialist. Seek protection for your cameras, computers, digital storage, unique lenses and other special equipment. Discuss all available options and costs that insurance companies will offer such as business interruption insurance, theft insurance, and damages that could occur as a result of weather related activities. Because the replacement cost of your inventory is very expensive, you will want to be in a position to have the coverage you need to replace all in a timely fashion. Don’t rely on your homeowner’s insurance to cover your business losses, even if you work out of your home. If you have more equipment at your home than the average person not in the photography business, and/or you are using your equipment as a source of income, you will generally need a separate policy or rider (if available in your state) that would cover more of the loss than a typical homeowner’s policy.
You may also want to consider carrying an umbrella insurance policy, especially if you are a photographer covering special events such as sporting events. Umbrella protection would allow you to expand your liability limits. You may also want to consider disability insurance if you do not already have this coverage in place.
Discuss your needs, budget, and risk exposure with an InsuranceTrak expert today. Consider a photographer business insurance package that will include:
InsuranceTrak Services can save you money with its advanced state of the art software to search multiple carriers for the best coverage at the best price for you and your business. We will shop and provide you with quotes from various top of the line companies based on your individual needs. By obtaining a variety of quotes from different companies you will have the advantage of choosing a provider that could result in substantial savings with better coverage than you have ever experienced. The policy you choose for your photography business will serve as a security blanket and should be designed to fully protect you.
We provide excellent service for photographers and videographers alike and explain in detail:
There are a number of risk management controls you can put in place:
But just having all these controls in place isn't enough. Sure they'll help you from preventing potential claims or lawsuits, but these days you can pretty much be sued by anyone for any reason. Next, we'll help you to identify some of the potential claims that could arise and how your insurance coverage would protect you in the event of a claim. We'll first look at the common types of business insurances. Then, we'll look at potential claims and how these different business insurances can protect you.
Below is a list of common types of business insurances:
Below are some likely claims examples and how your business insurance coverage would protect you in the event of a claim:
With a little research you can assure that you have the best up to date coverage and best pricing your photography business insurance and videography business insurance. Be happy with the insurance policy you purchase to protect your photography or videography business! You can be confident with the insurance services you will receive from InsuranceTrak Services.
Photographers business insurance is just one of the many business types we provide business insurance services for.
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