What is photographer insurance?
Insurance for photographers generally conains several parts:
- General liablity insurance
- Professional liaiblity insurance (known also as E&O insurance for photographers)
- Property insurance (which can protect equipment)
- Cyber Liability (a newer and optional coverage that photographers should consider)
As a real estate agent, why should you be concerned about a photographer having insurance?
Like any business owner, you want to work with people that are insured. If you are hiring a photographer to take photos of a home or building that you are listing, then you want to make sure that the photographer has insurance. Think about this situation: a photographer that you hire goes to one of your listings, and plugs in some equipment to charge a camera or battery. A fire is accidentally started because of their equipment and the house sustains $30,000 in damage. This could be a potential generally liability claim.
You might think that your general liability insurance coverage this (and a lot of real estate agents do not have general liability insurance. If you are looking for general liability for real estate agents, click here.
There is a good chance that it will not cover the claim because you subcontracted work to someone and many general liability policies contain an exclusion for subcontracted work. Now, you could be on the hook for this expense. This is why you need to work with photographers and videographers that have insurance.
How to buy insurance for photogaphers and videographers:
- Individual Photographers and Videographers click here
- Photography companies with multiple partners or employees
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