Tuesday, October 21, 2008

Importance of PI Insurance for Photographers

When you are setting up your photography business, you should ensure adequate protection for your business by insuring your profession against any likely risks with Photographers insurance. By opting for a PI Insurance you can cover all your legal and fiscal liabilities. A small expense on Professional indemnity or PI insurance will provide you immense peace of mind and will insure your liabilities, errors and omissions.

In your routine photography business also you require photographers’ insurance coverage against claims made against occurrence of accidences during a photographic session. You are liable for the personal injury sustained by your customer on the way to your studio or home. You become indirectly responsible for the errors not committed by you.

As a professional photographer you may commit errors and omissions from the first stage of taking photographs to the last stage of finishing the image and delivery to the customer. You may lose the film due to your fault or on the part of the processor. The photo images may also be lost or damage while in transit, shipping, private careers or postal system. The images may be lost in the cyberspace or you may send the photo images to an incorrect party.

You need a PI insurance cover according to the type of work environment and your models. It may happen that your model may be struck by a stray horse or lightning at an outside location during a photography session. The insurance policy should ideally cover the photography equipment in the place of your working area. With the photographers insurance you can protect not only camera and lenses, but a host of other equipments such as fax machine, computer and your software.

Photographers insurance or PI insurance has a unique target market with great potential for growth. Special insurance policies are designed especially to meet the needs of commercial photographers. The PI insurance coverage is essential for every photography business to meet the risks of coverage for photography equipment, cost coverage for replacement of studio contents. To get the best value for your hard earned money you can also combine the PI insurance with other types of insurance. Photography insurance keeps your photography business well and alive should a misfortune happen and cause loss or damage to your equipment, whether at your studio or round the world.

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