As a photographer, you’re living the fantasy that many dream about behind their desks. Each day is exciting and presents new challenges and working environments, such as wedding venues or portrait photography in schools – and thus, you are always in an environment that is prone to risk.
Your field of work requires creativity to its core, and this often leaves photographers at risk of neglecting the potentially dull side of the business, like finding the right insurance.
In this article, we briefly explore the potential risks you’re exposed to as a photographer, and what types of insurance will protect you from the financial dangers involved in your field.
Why should you consider Photography Insurance for your small business?
Visiting a client’s premises, working at expensive venues, and interacting with the public, are all common aspects of any photographer’s business.
At any point, an accident can occur, and a claim can be made against you, leaving your business at financial risk and your career as a photographer in jeopardy. Without business insurance in place, you will be liable for costs, and most small businesses do not have the capital on hand to settle legal disputes alone.
Building up your equipment as a photographer is a thing of pride, and your camera and lenses’ are precious items of great value. At the very least, a client could accidentally damage or destroy your equipment, leaving you with the burden of a costly replacement.
Does your field of work require photography insurance?
It’s always important to understand the risks that are involved in your field of work. Each photographer will be exposed to a different set of factors and risks, and you may need a more elaborate plan for different types of work.
Here are a few examples of fields in photography that require photography insurance:
- Photography studios
- Passport photographers
- Portrait photographers
- School photographers
- Wedding photographers
- Event photographers
- Nature photographers
- Sports photographers
- Freelance photographers
What types of insurance should you consider as a photographer?
There are several types of business insurance available, and your photography business may even need a package deal to fully cover your business operations.
You can get quotes specially tailored for your field of work, all easily done through our simple online Photography insurance.
Public Liability insurance is one of the most popular types of insurance cover for photography businesses. This type of cover is essential for most sole traders, as even a minor scratch on a client’s personal property could lead to claims against you. It is vital when working in clients’ homes or on their property.
Insurance for Professional Services
Professional Services insurance is designed to protect sole traders from a variety of risks, and however careful you are, a client may accuse you of plagiarism or lack of satisfaction, and a claim may occur.
This is where Professional Indemnity insurance will cover you from the risk of dissatisfied customers and potential costs of a claim. Find comparative quotes instantly with our user-friendly digital guide and lessen the stress of running a successful photography business.
Portable Electronic Equipment
Portable Possessions insurance, also known as Business All Risks, is designed to provide cover for the loss or damage of your tools or work items used at your different job locations.
Such items include your cameras, lenses, memory devices, laptops and electronic devices, etc. Your camera equipment is the lifeblood of your business, and the costs of damage without cover would be a massive blow to your bottom line.
For the equipment and items inside your premises, Contents insurance is implemented to cover the loss or damage to your stock, equipment, and other contents.
Your company’s assets are valuable, and any business interruption caused by property damage can cause major financial strain without cover in place.
Business Interruption insurance protects you from a loss of income and costs that are the result of an insured event (such as a fire, property damage, etc.)
Business Interruption is designed to assist your business in recovering from the loss of such an event and helps you by paying for ongoing expenses, such as wages or rent.
You can find out what type of cover you need with just a few simple questions – our digital journey now making business insurance a hassle-free task.
An example of a real-life claim
While shooting a floral wedding party, the mother of the bride trips on your lighting cable and dislocates her ankle. The claim against you for negligence and injury will come solely out of your finances if you chose to remain without insurance cover.
This is why business insurance for the photography trade is so essential, to keep ahead of the threats and enjoy the finer aspects of your profession.
Don’t let outdated insurance cover be the reason your growing business suffers. Find and compare the best quotes today, tailored to your specific business needs.
*This is general information only and does not take into account your financial situation, needs, or specific objectives. As with any insurance, cover will be subject to the terms, conditions, and exclusions contained in the policy wording.