The Real Skinny on Photographic Insurance
Ok, for my Photographic brethren anywhere in the world. Should you or should you not insure your beloved cameras and support equipment, That is the question! My quick answer... YUP! The long answer? It depends upon how much you value your equipment. It doesn't really matter if you are a "Full Time Pro" or not... It matters how much joy your Photographic Equipment returns to you... and yes, if you are deriving a portion of your yearly income, that also gives some weight on the subject.
Photographic Equipment Insurance Is Your Lifeboat!
Trust me when you need that lifeboat you do not want any holes in the bottom. Many will state it's expensive. Not really... what's your equipment worth? Do you have the clams in the bank to replace all your equipment if your location burns to the ground? Or how about you main camera? Your baby right? You revere your camera greater than some family members and acquaintances, don't you? (yeah I know... we are all just a bit obsessed are't we?)
The "Right" Photographic Insurance
Your homeowners insurance agent will tell you he has the right insurance for your needs but he is wrong for the most part. A professional Photographer needs professional coverage which would include errors and omissions, equipment loss due to any reason with replacement cost coverage, liability, loss of income and many other facets you might not have thought about. You also need your agent to be able to quickly fax clients copies of your policy naming them as additional insured. This is a normal daily occurrence in the life of a Professional Photographer. You should also carry a copy of your insurance to show potential clients. After all should an accident occur, this is peace of mind for your clients, and sets you apart from the weekend novice. (while you're at it, have a copy of your business licence with you at all times too)
A side Benefit
What if you are cleaning your sensor and you scratch it? Oops! Remember that loss of equipment for any reason I mentioned above? I clean my sensor at least once or twice a month and at about 80.00 to 100.00 each trip to the camera repairman this can add up quickly! So to save on your expenses, this is another facet you might not have thought about, and is another subject for future discussion...
- Personal liability
- Protection for your clients
- Equipment loss
- Income loss
- Protection of your digital darkroom and associated files
- Errors and omissions
- Protection of your support equipment
The most important reason? #8. Professional Commercial Insurance policies (and your business license) set you apart from the droves of weekend photographers out there calling themselves full-time Professional Photographers. There are other qualifying parameters too... but once again, a future subject open for discussion.
Thanks for reading... until next time.