{"id":4605,"date":"2023-10-31T13:59:30","date_gmt":"2023-10-31T13:59:30","guid":{"rendered":"https:\/\/businessyield.com\/ins\/?p=4605"},"modified":"2023-10-31T13:59:41","modified_gmt":"2023-10-31T13:59:41","slug":"videography-insurance","status":"publish","type":"post","link":"https:\/\/businessyield.com\/ins\/small-business\/videography-insurance\/","title":{"rendered":"VIDEOGRAPHY INSURANCE: Coverage, Types & Cost"},"content":{"rendered":"
There are a lot of hazards associated with running a videography business, so getting business insurance is crucial to safeguarding your finances. Videography insurance can replace pricey camera equipment in the event of theft or cover medical expenses for hurt workers.<\/p>
This article will give you an understanding of how videography insurance operates in order to select a suitable policy that meets your unique demands.<\/p>
Videography insurance is a specific type of small business insurance designed to protect videographers and their companies from liabilities and dangers associated with shooting pictures. By covering legal issues, injuries, and equipment damage or loss from theft, accidents, and natural disasters, small company insurance provides peace of mind and financial security.<\/p>
For example, a client brought a lawsuit alleging that you violated a contract. In this scenario, your small company policy’s general liability insurance would pay for your legal fees as well as any possible settlement or verdict.<\/p>
Videography insurance helps to shield your company from unforeseen expenses. Professionals in videography who would profit from business insurance include:<\/p>
These three types of coverage are bundled together in a company’s insurance.<\/p>
In the event that your videography company is held liable for unintentional accidents or property damage, this insurance offers financial protection. In the event that a lawsuit is necessary, it also pays for legal fees. For example, in the event that a guest trips over your camera equipment and gets hurt during a wedding picture shoot, your general liability coverage may cover the cost of their medical and legal bills.<\/p>
When an incident covered by the policy, such as a tornado, causes damage to a business’s physical property or equipment, this insurance covers it. It safeguards both rented and owned gear, such as backdrops, cameras, memory cards, studio chairs, and company documents.<\/p>
This part of a business owner’s policy, also referred to as business interruption coverage, helps maintain your company in the event that unanticipated events, like a fire, force you to close.<\/p>
A videographer’s small business insurance does not cover the following scenarios:<\/p>
You need a separate commercial flood policy to protect yourself from losses caused by flooding.<\/p>
You will require a different policy to cover earthquake damage.<\/p>
Small business insurance typically does not cover damage resulting from deliberate or fraudulent activity.<\/p>
Claims like wrongful termination may not be covered by small business insurance if there is no employment practices liability coverage.<\/p>
Therefore, it’s critical to understand these exclusions and to think about getting supplemental or specialty insurance to fill up any gaps.<\/p>
Coverage type<\/strong><\/td>Coverage amount<\/strong><\/td> | Median cost per year<\/strong><\/td><\/tr> | General liability insurance for freelance videographers<\/td> | $1 million per occurrence<\/td> | $259<\/td><\/tr> | Business owners policy for freelance videographers<\/td> | $1 million per occurrence<\/td> | $504<\/td><\/tr> | Errors and omissions (professional liability) insurance for videography businesses<\/td> | $1 million per occurrence<\/td> | $779<\/td><\/tr> | Workers compensation insurance<\/td> | N\/A<\/td> | $622<\/td><\/tr><\/tbody><\/table><\/figure> | Best Videography Insurance<\/span><\/h2>Progressive has been operating in the insurance industry since 1937. Although you may also get a quote online, Progressive also allows you to work directly with an agent to tailor your business insurance for videography to your needs. In addition to being a full-service insurance provider with a solid track record of fulfilling its commitments, Progressive has an A+ financial strength rating from AM Best.<\/p> Pros<\/p>
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