Workers' Compensation Insurance
for Photographers, Videographers & Video Production Companies
As a professional photographer or videographer, you may think that, when it comes to your business, Workers' Compensation Insurance is a waste of money. After all, you and your employees don't work in the most dangerous or physically threatening environment. How likely could a workplace injury or illness be?
If you're thinking that it would be unlikely for one of your employees to get hurt or fall ill on the job, you're probably right. But Workers' Compensation Insurance isn't just for common workplace risks. It protects you for the unexpected and unlikely situations that do crop up when you run a business — any business — and could result in a costly lawsuit.
In addition, Workers' Compensation Insurance is highly regulated by law. It's possible that you work in a state that requires you to carry it, regardless of how "safe" your business is.
Read on to learn more about these state regulations and about how solid Workers' Compensation Insurance can offer your photography or videography business worthwhile and affordable coverage for those unexpected accidents.
Workers' Comp Protects
Workers' Compensation Insurance: Protecting Photographers and Videographers
Workers' Compensation Insurance — commonly referred to as "Workman's Comp" — helps your business pay for the medical bills and at least some lost wages of employees who were injured on the job or suffered a work-related illness. Depending on your type of business, you may incur different types of risks and incidents that could result in a Workers' Compensation claim. These incidents might include…
- While working in the darkroom, an employee slips on a wet floor and breaks a bone.
- While on assignment in a war-torn country for a national publication, you are hit by a stray bullet, leaving you unable to work.
- One of your video editors has developed carpal tunnel syndrome and requires surgery.
The most important thing to take away from this is that Workers' Compensation Insurance can benefit both you and your employees, even if you are your company's only employee. For certain freelancers, this kind of coverage might be particularly important, as it offers you a safety net in the event that you find yourself out of commission.
These types of situations can happen to anyone, and while you and your employees may not be prone to accidents and unexpected mishaps, you're also not exempt from them. Instead of having to pay those expensive medical bills out of pocket, Workers' Compensation Insurance allows you to keep your hard-earned cash and continue with business as usual.
Workers' Compensation Insurance: Key Details for Photographers and Videographers
When considering a Workers' Compensation policy, it's important for business owners to keep two things in mind: the laws of your state and the needs of your business. Your Workers' Compensation policy can be adjusted to suit both.
Workers' Comp Laws in Your State
As you now know, Workers' Compensation Insurance is regulated on a state-by-state basis. If you are unsure of the laws in your state, an insureon agent can help you find the right information. In the meantime, please consider…
- Your employees. Some state laws require that you cover all employees, whether they work full- or part-time for you. Some states also make you responsible for contractors, while others only mandate that you cover W2 employees.
- Yourself. Even if you are the sole proprietor of your photography or videography business, your state laws may require you to carry coverage for yourself.
- State "pools." Some states provide insurance "pools" from which you can purchase Workers' Compensation Insurance. But more than likely, you'll have to find a policy on your own.
And remember, these laws are determined by the state that you work in, which may be different than the state you live in, especially if you live close to state lines.
The Workers' Compensation Needs of Your Business
The insurance needs of your photography or videography business can vary greatly depending on where and how you work. As you begin to assess the needs of your business, keep the following in mind:
- "Part Two" Coverage. This kind of coverage is almost always included in your Workers' Compensation Policy, and is typically called Employer's Liability Insurance. It protects you from unmerited claims made by employees, but its limits can vary. Be sure to ask your insurer if the limits of this section are adequate for your business.
- Out-of-State Injuries. Especially as a freelance photographer or videographer, you may often travel out of your home state. If this is the case for your business, make sure your policy covers an accident that may occur while you are away from your home state.
- Illness and Injury Coverage. As a business owner, it's always a good idea to know exactly what your policy covers and what it does not. While there is always a list of covered illnesses and injuries on a Workers' Compensation policy, the list will vary.
- Funeral Expenses. In most Workers' Compensation policies, you can choose whether or not to include funeral expenses.
- Lost Wages. When employees are injured or fall ill on the job, it's reasonable to assume that some days of work will be missed. Workers' Compensation Insurance can pay for lost wages, but the percentage of wages that the policy will cover often varies.
- Excluding Yourself. If you're looking to save some money on your Workers' Compensation policy, see if you can "exclude yourself" — as long as you live in a state that allows it.
Customize Your Business Insurance Plan
Photographers and Videographers: Customize Your Business Insurance Plan
Ready to customize a Workers' Compensation policy to fit your small-business insurance plan? contact an insureon agent who specializes in the insurance needs of photographers and videographers to get started today.