Videographer Insurance
A videographer essentially records special events, capturing them in live motion. The fields within the occupation are vast, with many different areas of expertise. These range from celebrations like weddings to advertisements to high-profile parties. The average professional videographer can earn around £34,000 a year, but there are costs associated with this wage, like travel and equipment expenses.
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What is Videographer Insurance?
Videographer Insurance is a preventative measure taken so that any accidents harming clients or their property do not necessarily mean extra expenses and guarantee that the expensive equipment used is insured.
Types of Videographer Insurance
Public liability insurance
Public liability insurance protects a videographer from third-party claims that their work harmed another person, who could be a client or even a passer-by at the event. One of the top claims that insurance companies have to evaluate is injuries of a client, more specifically slips and falls, which cause mild to severe medical issues and affect the company financially.
For instance, a videographer filming for a party could leave their equipment on the floor in a busy public place, and anyone walking by without looking may trip, breaking their leg. Consequently, they would need to be examined and may require treatment, which the insurance would cover under the policy. Similarly, a videographer may be drinking tea on their break from shooting an advertisement and walking into someone without realising or damaging their brand-new computer.
Electronic devices can be considerably expensive, so having insurance saves a videographer from paying these charges.
Professional indemnity insurance
Professional indemnity insurance is known for safeguarding businesses from claims of negligence or professional mistakes. Videographers can significantly benefit from this because any errors they make can cause their client’s monetary loss, which may have a domino effect in affecting the business finances.
For example, if a videographer gave their creative input into an advertisement that they genuinely believed would be successful, they would only be doing their job. Unfortunately, there is no way to guarantee this would be a success to their clients, and so if the projected sales were not met, the client could hold the videographer liable.
Whilst this accident was unintentional, there would still be costs involved to fight this claim, like legal fees in the case of a lawsuit in addition to the compensation of the client, which is why it is beneficial to have a cover that can take care of of of this payment.
Equipment and tools insurance
Equipment and tools insurance is encouraged in professions where many kits are being used to carry out their hired services efficiently. Videographers often use a variety of tools they carry to each event: a portable video camera, tripod, microphone, lenses, lighting, and a computer for editing through the use of specialist software.
Professional devices are costly, most reaching thousands of pounds, and are used every day without fail. Without them, it would be impossible to work, and appointments would have to be rescheduled until there was sufficient equipment to offer good-quality services. This is why any internal damage must be fixed immediately, or devices should be replaced if stolen.
Similarly, if the equipment is placed in storage, it may be prone to fire damage and flooding, destroying its usage. Equipment and tools insurance ensures that every piece of gear used that is insured can be replaced when a claim is filed, ensuring that business can resume as fast as possible and no revenue is lost.
Employers’ liability insurance
Employers’ liability insurance was made a legal requirement in 1969 by the UK government, with the sole purpose of protecting employees and the company they work for. Company directors are responsible for obtaining this cover. However, as a videographer working as part of a business, it is worthwhile to make sure that this is the case to protect the safety of yourself and the company. Essentially, employers’ liability insurance deals with claims from workers that were harmed whilst on the job and hold the company responsible.
For instance, an employee may be carrying a box of their equipment and drop the kit on their foot, injuring their toe and requiring medication for the pain. If this pain develops, they may even need time off of work. This insurance would ensure that their medication was covered, and any income they lost from recovering at home would also be given as a lump sum.
Videographer Insurance – To Conclude
In conclusion, a videographer is hired to capture moments that can be looked back upon forever, either commercially or simply as a cherished memory. Even so, unpredictable incidents are likely to occur that may harm anyone nearby or their property because of this. Protection should be obtained to preserve the peace of the people involved and their finances and you should consider videographer insurance if this is your industry.
Find out more about the importance of insurance here .
Other useful links about Business Insurance:
Professionals Insurance
Project Manager Insurance
Property Manager Insurance
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