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FORUMS Post Processing, Marketing & Presenting Photos The Business of Photography 
Thread started 20 Jan 2005 (Thursday) 16:15
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STICKY: Are you insured?

 
markd61
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Aug 02, 2011 11:09 |  #256

I have always made sure that I am fully covered as many of my clients require proof of coverage before entering the premises.

It has been a competitive advantage for me to be able to show coverage and thus help establish credibility over those newbies trying to come in at the lowball price. Professional means being one in every aspect; Business practices, training and equipment. That costs money. A good client will recognize the value of the peace of mind that comes from covering these bases.

Saving money looks pretty weak compared to saving your job when things go wrong.




  
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ben_r_
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Aug 18, 2011 16:00 |  #257

Having insurance is a MUST IMO, business or not. Its so cheap its silly not to. I have a personal Articles Policy through StateFarm and it covers literally everything and anything anywhere it might happen.


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snowjunkie
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Aug 18, 2011 16:12 |  #258

Does state farm only cover personal property not used in for business?


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jsclifton
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Aug 18, 2011 22:11 |  #259

That is correct as I understand it from my agent. State Farm personal articles policies cover gear that is not used in business. I think my policy was for $10,000 worth of gear for about $75 a year.

This year I converted to a business policy. The policy covers $25,000 of gear, liability, E&O, inland marine, property of other and a list of other coverages. The rate is less than $700 a year.

As I start out making money with my photography the cost seems high relative to my part time income. The risk of not having insurance would be too great though.




  
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pyrojim
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Aug 19, 2011 22:19 |  #260

jsclifton wrote in post #12960658 (external link)
That is correct as I understand it from my agent. State Farm personal articles policies cover gear that is not used in business. I think my policy was for $10,000 worth of gear for about $75 a year.

This year I converted to a business policy. The policy covers $25,000 of gear, liability, E&O, inland marine, property of other and a list of other coverages. The rate is less than $700 a year.

As I start out making money with my photography the cost seems high relative to my part time income. The risk of not having insurance would be too great though.



what is your liability limit?


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jsclifton
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Aug 20, 2011 16:03 |  #261

Here is a snip from an earlier quote that shows the coverages. The only difference between this quote and the policy is that the insured equipment was raised to $22,500 after doing a physical inventory ofmy equipment.

IMAGE: http://jsclifton.com/posts/StateFarm_1.JPG
IMAGE: http://jsclifton.com/posts/StateFarm_2.JPG

Is there any coverage or limet that is lacking?

Jason



  
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jimmy637
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Aug 20, 2011 16:50 |  #262

I recently had my camera and lens end up in the Lake. Local camera shop told us canon could not repaire them and will cost $2400 to replace. Insurance home policy is $1000 deductable and i can claim the replacement. The problem is i lose my claim free status and will pay 20% more a year on my home policy for the next 5 yrs which will be between 500 to 600 over the next 5 years. I did contact stetefarm and they will insure the equipment with a seperate policy and if i make a claim in the future it will not effect the home policy.


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ben_r_
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Aug 27, 2011 22:01 |  #263

snowjunkie wrote in post #12959027 (external link)
Does state farm only cover personal property not used in for business?

No, they cover business related gear as well. The insurance is at a slightly higher cost. I have the business coverage.


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bobbyz
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Sep 07, 2011 16:37 |  #264

ben_r_ wrote in post #13011491 (external link)
No, they cover business related gear as well. The insurance is at a slightly higher cost. I have the business coverage.

I heard state farm business policy only cover studio folks not someone shooting on location or sporting events?

When you say slighly higher cost do you mean just little higher than their personal article policy costs? I have SF now and it is cheap but the business policy from Hills&Ushers or Tom Picard and others is like $600 or so.


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airfrogusmc
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Sep 07, 2011 17:11 |  #265

bobbyz wrote in post #13066003 (external link)
I heard state farm business policy only cover studio folks not someone shooting on location or sporting events?

When you say slighly higher cost do you mean just little higher than their personal article policy costs? I have SF now and it is cheap but the business policy from Hills&Ushers or Tom Picard and others is like $600 or so.

I have a State Farm business policy and they cover all of my equipment on location. Its not cheap but I am fully covered. $1600 a year. But that covers all of my office equipment in the office too.




  
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bobbyz
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Sep 07, 2011 17:15 |  #266

airfrogusmc wrote in post #13066163 (external link)
I have a State Farm business policy and they cover all of my equipment on location. Its not cheap but I am fully covered. $1600 a year. But that covers all of my office equipment in the office too.

Do you shoot sports, like on football sidelines? Also $1600/yr for how much equipment if you don't mind. For $15k equipment and $2 million liability Tom Picard and Hill/usher is quoting me $600 or so.


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airfrogusmc
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Sep 07, 2011 17:38 |  #267

bobbyz wrote in post #13066175 (external link)
Do you shoot sports, like on football sidelines? Also $1600/yr for how much equipment if you don't mind. For $15k equipment and $2 million liability Tom Picard and Hill/usher is quoting me $600 or so.

I don't shoot sports but I shoot on location and all of our business insurance is through State Farm. 50+ K of equipment between in the office and on location and $2 million liability.




  
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bobbyz
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Sep 07, 2011 17:52 |  #268

Thanks Allen.

One more question so I don't have to start a new thread. How much you guys pay for putting some one else on your policy. Say you shooting on some beach/state park and you need to put the city on your liability policy.


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airfrogusmc
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Sep 07, 2011 17:56 |  #269

bobbyz wrote in post #13066359 (external link)
Thanks Allen.

One more question so I don't have to start a new thread. How much you guys pay for putting some one else on your policy. Say you shooting on some beach/state park and you need to put the city on your liability policy.

I shoot for a very high end client and his foundation has to go on the jobs I shoot for him and I don't get charged anything.




  
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DwightMcCann
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Sep 07, 2011 17:56 |  #270

That's about what I spend for about the same thing, Allen.


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