Reader's Comments - Index of - Free

Camera and Equipment Insurance
workers compensation, commercial automobile coverage and umbrella liability to name a few.
Most states require you to carry workers compensation insurance(they're so good in Massachusetts of
keeping track of this even photo.net had to comply when sent notice after only a month of
incorporation). Professional photographers operating a studio with employees could be liable for any
and all costs associated with injuries in the event fo an accident. Professionals not only face this
liability with full-time employees, but also with anyone they have hired for an assignment. Carrying
workers compensation protects you from personally being liable for such costs. General liability
insurance further protects you from third party bodily injury or property suits.
Bottom line
The bottom line is that you should get the type of coverage that best fits your needs before you're faced
with the strain of having to pay for equipment, injuries, or other liabilities. If your equipment is
insured, check your policy and make sure you have the coverage you need and that you will not face
exclusion if you receive income from your photography.
Photo.net Survey Results
We ran a survey on photo.net to determine both if there was interest from the community for a
photo.net insurance program and garner the type of demand. There is great interest as we received 699
responses. We determined the average amount of equipment users wanted insured was 8452 and the
median was about $5500. about 15% of the users had greater than $20,000 dollars worth of equipment
to insure. We are currently looking at possible partnerships for a group discount for photo.net users.
More...
● Camera insurance thread in photo.net Q&A forum
● Photo equipment thread in the photo.net Q&A forum
Reader's Comments
A note about "theft" versus "mysterious disappearance." You may have theft insurance
with your homeowners policy, which will cover your cameras if you are held up, robbed,
or put in bodily harm in exchange for your property. But if you place your camera on the
park bench next to you and three seconds later it is gone (stolen), it is not considered
theft, but is termed "mysterious disappearance" by your insurance company. In this case,
theft insurance will not cover you. If your camera is stolen from your office while you
are out at lunch, theft insurance will not cover you. This is where the additional insurance
discussed on this page will (hopefully) come into effect.
http://www.photo.net/learn/insurance (4 of 12) [5/15/2002 7:16:03 PM]