Insurance Coverage For The Visual Artists

Visual artists from photographers, painters, sculptors, and others should have some kind of insurance for their protection and security. In this post are three specific forms of insurance policies mostly recommended for those in the field of art.

These three forms of insurance are as follows – The errors & omissions insurance coverage, professional property, and the general liability Most insurance companies who offers insurance protection bundle these three into one package policy so that the artist can pay in one settlement. And with packaged policies, there usually is a discount provided by the insurance provider.

The errors & omissions insurance policy

The errors & omissions or the E&O insurance, This insurance policy gives protection for a service not done well or services provided with some neglect. E&O insurance policies moreover incorporate copyright and trademark breach, attack of personal privacy, declining property release, along with other connected concerns. As an example, E&O insurance will take care of the professional photographer who were not able to shoot important events of lets say the wedding. Or the lost or damage of a memory cards which has every piece of information of an event. While E&O insurance will cover such claims, the lost memory card can be covered by property insurance.

Professional property insurance policy

This policy addresses your property. In the case of an artist, it could be their gears and equipment essential to run your business. For example, a digicam that falls and gets damaged could possibly be protected by most typical professional property insurance, even equipment that had been lost or stolen. If you make use of plenty of expensive equipment for all your projects, then professional property insurance is very important.

General liability insurance

General liability insurance or called commercial general liability insurance. Such type of insurance policy addresses general liabilities which happen while you perform your business. An an example, think about a visitor who slipped and fall on a wet floor in your studio or art gallery. This type of incidents are covered by the general liability insurance.