In Focus Newsletters with Pam Lesemann

November 23, 2009

• What insurance do you recommend for someone who is just beginning their business?
  I want to protect myself and my equipment, but I don't have a lot of money right now to spend on insurance.
  • Money is tight for everyone right now, but you don’t want to jeopardize your business by going uninsured. You should, at the least, have General Liability coverage which protects you if others claim your business is legally responsible for their loss or injury, and because you have a lot invested in your photography equipment, I recommend that you also have an Equipment Floater which covers your equipment for loss and damage.

• What is the difference between General Liability and Professional Liability?
  • General Liability protects you in case someone claims your business was responsible for their physical injury or property damage. An example is a passerby trips over your lighting electrical cords, breaking their hip. You could be sued for hospital bills, lost wages, and pain and suffering.
  
  
  • Professional Liability is insurance that protects you from lawsuits for making a mistake or forgetting to do something while performing professional services. It covers your business if you are responsible to a third party for a covered financial loss.
    

• Will General Liability cover my employee if he gets injured during a shoot?
  • No, General Liability will not cover injury to an employee. Workers Compensation provides that coverage.

• I will be traveling to Africa next month and will be carrying my equipment. Will it be covered ?
  • I recommend an Equipment Floater that provides worldwide coverage for equipment. With our policies, your equipment is covered while in your home or studio, in transit, or on the other side of the world.