There are countless cases where photographers lose their gears at the place they work. It wasn’t that they left it for hours; they simply leave for 10 minutes to the toilet and it was gone. There you go your $5,000 investment. All because you did not get an insurance for an event photographer.
Come on, guys, we need to become a smart photographer! We know that the thief is to be blamed, but it is also our fault to not anticipate something that has happened many times. Preventing is always better before it happens.
Protect your gears
There are several ways to insure your equipment depending on the company. One of them is by applying for Property Insurance or Business Owner’s Policy (which includes property insurance among others).
Property insurance protects everything you own that pertains to the business, such as the land, the house, and the gears. The amount that is covered will depend on the amount of premium you paid. The company will cover not just the loss but also the amount of money you need to spend to keep the business running, such as renting a new space as long as the studio is being fixed.
In the case of theft of any of your working equipment, the insurance will cover that, too, and will replace according to the value you’ve agreed. Of course, you need to notify the company whenever you want to add new gears to the insurance. www.smartpicsukeventphotography.com is an example of event photographers that own this insurance.
General liability insurance (also in the Business Owner’s Policy) and professional indemnity insurance are two insurances that can protect you pertaining fees that are related to legal issues.
The general/public liability insurance cover the fee that is needed to pay for damages that occur at the venue which is indirectly or accidentally by you. For example, if someone accidentally bumps on your bag of the camera, fell and scratch his leg by the broken pieces of glass he was holding and sue you for it, the insurance company will cover the legal fee that is needed.
Some will also help cover the medical fees or replacement fees that you need to pay to the one that is experiencing the loss.
Professional indemnity insurance will cover you whenever someone sues you for bringing them dissatisfying results. It’s easily granted to professional photographers who are strict about quality and retain it for years.
Be accepted by the venue
You might have noticed by now that there are venues that only allow photographers with insurance to work there. They need you to show them your proof of insurance. This is because they want to avoid problems while they can and this should be a good encouragement for you to apply for insurances soon.
Be a smart event photographer! Theft is not a right thing to do, but it is also wrong to not prevent things when you could have done it. These insurances have saved countless photographers out there and who knows, they might save you, too one day later.