Photography Insurance – Insurance for the Photographers

Part & parcel of establishing your own photographic business is establishing your own legal entity. This means establishing yourself for taxes. This is broader than the scope of this article, because every country has it’s own business rules. Also every state in federal countries has different legal rules. The first thing you need to do is register your business according to your local rules, if you are unsure of this either take legal advice or go & see your local town hall & ask them about local legal requirements.You then need to separate your private finances from your business finances. Even if you pay your bills with a credit card you should have a separate business card.

Once you have set up your business, then you have to ensure that that business is protected, & one of the ways you can do this is to insure yourself against risks to your business. Whilst you should be able to insure an overall business policy for your business you need to make sure that all the liabilities you face both fiscally & legally are covered. We live in a litigative society, & whilst insurance may seem an expense you can do without, it gives you peace of mind. You need to consider insurance for your errors, omissions & liabilities, as well as ensuring your equipment for loss or damage. You also need an insurance against a claim made as a result of an accident, occurring whilst you are conducting a photographic session.All sorts of simple errors and omissions can occur between taking the photographs & giving the finished image to the customer. Film can get lost either through your fault or the processor’s. Images may be lost whilst shipping, or in the postal system. Images may also be lost by private carriers, paying a premium price for services may not be sufficient, do you know whether or not you are covered by their insurance, & if you are what is the limit? Whilst it is possible for images to be lost in Cyberspace you should be able to cover those eventualities yourself, by having back up systems. You may release the images to the incorrect party. As well as this there may be a human delay & you may find yourself in the wrong venue, with no time to correct this.Article Source: http://EzineArticles.com/39707

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