Why Do Journalists And Photographers Need Insurance?
As well as having insurance to cover the costs of your equipment, it is sensible to also have professional indemnity, public liability and, if applicable, employers’ liability.
Professional indemnity insurance can cover the cost of claims made against you by clients who suffer financial loss as a result of your negligence.
Public liability insurance is vital if you come into contact with members of the public during the course of your work. If a member of the public is injured or their property is damaged because of your work, you will be held liable. PLI can cover the cost of any such claims made against you.
Employers’ liability insurance is a legal requirement if you employ an assistant or any other member of staff.
What Is Public Liability Insurance?
PLI covers any awards of damages given to a member of the public because of an injury or damage to their property caused by you or your business.
How Are Public Liability Insurance Premiums Calculated?
Premiums are based on the type of business and rated on an estimate for the level of activity of the business. For most businesses this will be the turnover, although other factors may be used.
How Much Is Public Liability Insurance?
It is not possible to give a general figure for the cost of business liability insurance because the circumstances of each business are different. Premiums for PLI start at about £60 per annum. All you need to do is fill in the enquiry form for a free quote.
Why You Should Compare Insurance Quotes
It is important to compare quotes from different companies to find the most appropriate for your business circumstances.