- Business owner’s policy
A business owner’s policy (BOP) bundles general liability insurance with commercial property insurance. It typically costs less than if the policies were bought separately.
A BOP bundles liability and camera equipment insurance
A business owner’s policy protects videographers and photographers from common business risks by combining general liability insurance with commercial property insurance. Coverage includes customer injuries, damage to photo and video equipment, and more.
A BOP can pay costs for:
- Lawsuits related to customer injuries or property damage
- Lawsuits related to defamation, slander, and other advertising injuries
- Damage to cameras, editing equipment, office furniture, and other business property
Customize a BOP to fit your business
Photographers and videographers can work with an insurance agent to tailor a BOP to meet their specific needs. Photo, video, and film production professionals might consider including a business interruption insurance endorsement on their policy, which can cover operating expenses and lost income if your business is forced to temporarily close due to a covered event, such as a fire.
Small, low-risk businesses usually qualify for a BOP. That might include:
What coverage can a business owner’s policy provide for photo and video businesses?
Customer injuries or property damage
The general liability portion of a business owner’s policy can pay for medical bills, legal costs, and other expenses related to third-party injuries or property damage, such as:
- A model or on-camera talent injury during a shoot
- Property damage caused by your crew while shooting on location
- A caterer tripping over a tripod at a company party you’re shooting
The general liability portion of a BOP also protects videographers and photographers against advertising injuries, including:
- Defamation, including libel (written) and slander (spoken)
- Copyright infringement
For example, if you say something negative about a competitor’s work at a networking event and are sued for slander, general liability insurance could help pay the resulting legal fees.
Damage to your photography equipment and other business property
The commercial property insurance in a BOP protects:
- Business equipment, such as cameras, computers, and film supplies
- Office furniture and fixtures
- The building, if you own it
If your camera gets stolen or a fire breaks out at your studio, your business owner’s policy will help you recoup your losses by paying for replacement items or repairs.
If your business is forced to close temporarily, it could be devastating. Business interruption insurance can protect your business from the financial hit of a forced closure by paying for lost revenue, rent, payroll, and other operating expenses.
For example, if a windstorm damages the roof of your building, allowing rain to seep in and soak your photography equipment, business interruption insurance can pay for day-to-day business expenses until the restoration is complete. That gives you time to replace damaged cameras and other vital equipment without going out of business.
Speak to your licensed Insureon agent to add business interruption coverage to your BOP.
Other important insurance policies to consider
A business owner’s policy offers protection against many common risks for photo and video professionals, but it doesn’t cover everything. Business owners should also consider:
Professional liability insurance: Also called errors and omissions insurance, this policy can pay for lawsuits related to work performance. For example, if a videographer hired to shoot a wedding proposal misplaces the memory card containing the footage, professional liability insurance can pay for legal expenses if the bride-to-be sues.
Workers’ compensation: Most states require businesses with employees to purchase workers’ comp coverage. It can cover medical expenses if an employee is injured on the job. If a photographer falls off a ladder while trying for the perfect angle on a shot, workers’ comp can pay for the hospital bill, as well as partial lost wages during recovery.
Get free quotes and compare policies with Insureon
Are you ready to protect your photo or video business with a business owner’s policy? Complete Insureon’s easy online application today to compare quotes from top U.S. carriers. Once you find the right policy for your business, coverage can begin in less than 24 hours.