When it comes to preparing for a shoot, most photographers neglect the importance of investing in an insurance plan. It is understandable that planning a shoot can be stressful enough and thinking of all the possible things that can go wrong is probably the last thing you want to do, but it’s always better to have the proper action plan if the unimaginable does happen. For example, if your rented equipment happens to get stolen from a locked car or if a light happens to fall on a client, you’ll want to make sure you are well-covered. (Hopefully, it’s nothing too bad though.)
Where do you even start looking for an insurance company specializing in Photographer’s insurance? TCP & Co has always been a top insurance provider for photographers and videographers for over 40 years. As one of the busiest photo studios in New York City, we feel that this is important information to pass along to our clients, so we asked TCP to give us a rundown on the main insurance policies they offer.
The exclusive policy TCP & Co offers is a Business Owners’ Policy that they custom-made with Great American Insurance Company, but recently, they have been known for selling a very competitive Video & Production Policy as well.
Both policies come with $2,000,000 General Liability, and the ability to add equipment coverage as needed, either on a short term or annual basis. The policy also comes with $10,000 of traveling computer equipment at no additional cost.
Most rental houses/studios require photographers, videographers, and producers to have General Liability, but more importantly, it will also protect them from third party property damage and third party bodily injury lawsuits. With general liability and equipment insurance plans starting at $500/year and quarterly installments available, TCP makes it easy and accessible for all types of photographers to be insured.
The Photographer’s Insurance ensures that you’re well-covered by also including short-term photo rental equipment coverage, computer equipment coverage ($25,000 on-premises / $10,000 off-premises), portfolio coverage $5,000 ($2,500 for casing / $100 each image), and office contents coverage ($3,000).
If that doesn’t cover it all, TCP offers additional coverage for professional photographers such as Hired & Non-Owned Auto Liability, Auto Physical Damage, Third Party Property Damage, Errors & Omissions, Workers’ Compensation, Cyber Liability, Reshoot, and Rented Equipment.
To get a quote on insurance policies, visit their website here. We hope that you found this information helpful and remember that TCP has got your back.