Don’t you love being a Canadian videographer? Your job is exciting and it allows you to capture some of life’s best moments. Whether you’re recording weddings, birthdays, or trials, you’ll love the experience. You’ll get to meet people and develop lasting relationships. Your Canadian videography business is thriving but this might not last. Despite doing your best, there is a risk that you’re going to do something wrong. Videographer insurance can help you deal with mistakes you’ve made that caused your clients damages.
What Is Videographer Insurance?
Videography is the process of capturing moving images. Whether you’re storing your videos on disks or solid-state drives, you need to make sure that the files are protected to the fullest. If you don’t, one of your employees may accidentally delete these files. How would you recover from this problem? Would you be able to record the event once again? In many cases, the answer will be no. Instead, you’ll need to do your best to make things right with your client. Even then, there is a chance that they’ll file a lawsuit against you.
You need videographer insurance or professional liability insurance to defend your company.
What Does Videographer Insurance Cover?
Videographer insurance is professional liability insurance. Despite having several names, this insurance will cover the same problems. It is used to protect businesses from professional liability issues. It won’t protect your videography business from claims of cyber breach losses, property damages, or personal injury. Instead, it protects professionals when they’ve made errors, omissions, and oversights.
Making a clerical error in an email or contract could cause communication issues and lead to delays. This could result in your company missing its deadline. Alternatively, you might have failed to disclose something important to your client. These issues may lead to lawsuits that will be covered by videographer insurance.
Minimizing Videographer Insurance Claims
Despite having videographer insurance, you don’t want clients to file claims against your company. Thankfully, you can take steps to reduce your liability risks. For starters, you need to focus on constructing high-quality, legally sound contracts. You should work with a business attorney to develop a contract that will clearly specify your obligations, compensation, and timelines. Furthermore, you’ll want to maintain a written record of everything you’ve said to your client. Make sure you can show that you contacted your client and what you told them.
Be sure to keep your client aware of everything that is going on. If you tell them about potential delays, they may be happy to work with you. You might be able to deal with your client and work with the client without needing to use your videographer insurance.
Is Videographer Insurance Enough?
Videographer insurance is good but it might not be enough on its own. You’ll need to add other insurance coverages to your policy to minimize the risks. For instance, you should acquire GLI, business contents, business interruption, and cyber insurance. Get in touch with ProfessionalsCoverage because these professionals will help find an insurance agent for your company.
You biggest asset in life is your earning ability. If you are unable to work, you will need to rely on either your savings or borrow money to sustain your lifestyle. When these unfortunate circumstances occur, dependents and spouses are also impacted financially and emotionally.
Disability insurance coverage will provide you a monthly income benefit, usually totaling 70% to 80% of your income, when you are unable to work for a period of time due to injury or illness.
Types of disability insurance
- Long-Term Disability Insurance (LTD)
- Short-Term Disability Insurance
- Key Person Disability Insurance
- Self Employed Disability Insurance
- Mortgage Disability Insurance
- Temporary Disability Insurance
- Supplemental Disability Insurance
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FAQ before purchasing liability insurance
- How much professional liability insurance do I need?
- How do I get a liability insurance policy?
- What does professional liability insurance cover?
- What is the difference between claims made & occurrence form of coverage?
- When will I need to be insured?
- What other professions need this type of insurance?
Other useful posts you should also read
- Canadian insurance companies that provide professional liability insurance
- How does the claims process work if I get sued because of my professional services?
- What is the cost of professional liability insurance?
- How do I apply for a professional liability insurance policy?
- How do I qualify for coverage as a professional service provider?
- What is the purpose of getting insured as a professional?
- How long will it take to get an insurance quote for my business?