Public Liability & Prof Indemnity - Photography

CANZON

I need to sort a new insurance policy for my photography business.

I need Public Liability and Professional Indemnity insurance.

I want to know if people have good experiences with Hiscox as an insurance provider?

And, do any photographers/experienced people have any advice on how much I should be covered for on each policy please?

I was planning to get £2million Public Liability and £250,000 Professional Indemnity.

Currently, I undertake wedding photography, corporate events reportage, and corporate architecture and portraiture.

I don't work underwater, and don't do aerial photography. I also rarely work in a studio and don't have a major lighting rig (I use speedlights for lighting work, and these are battery powered).

Many thanks.

InsideInsurance

Hiscox tend to provide good cover but their premiums do normally reflect this. Is £250k for PI appropriate? Wouldn't £100k suffice for what you are doing?

They are my current PI/PL/EL providers but that was more to do with the challenges of getting PI insurance when your job is advising insurance companies - if nothing else they've a conflict of interests. Most wouldnt touch me or came back with silly quotes including Hiscox but a conversation with one of their underwriters helped me secure a better rate.

One_man_and_his_dog

Hi Canzon. I can advise you on this.

Visit my website by searching for Entrust Insurance on google.

Forum wont let me post a link and I wasn't not intending to spam anyone!

You can call and email me through the site.

Best wishes,

Jeremy

InsideInsurance

One_man_and_his_dog wrote: »

I wasn't not intending to spam anyone

Then why are you?

Spiderham

One_man_and_his_dog wrote: »

I wasn't not intending to spam anyone!

Correct use of a double negative there.

CANZON

InsideInsurance wrote: »

Hiscox tend to provide good cover but their premiums do normally reflect this. Is £250k for PI appropriate? Wouldn't £100k suffice for what you are doing?

They are my current PI/PL/EL providers but that was more to do with the challenges of getting PI insurance when your job is advising insurance companies - if nothing else they've a conflict of interests. Most wouldnt touch me or came back with silly quotes including Hiscox but a conversation with one of their underwriters helped me secure a better rate.

Thanks, I appreciate the answer.

One thing attracting me to Hiscox is the fact that I can pay monthly. I checked against places like SimplyBusiness and got quotes from Finsbury Insurance and Aegeas, but they were charging roughly the same amount and wanted it as a lump sum, which isn't great for my cashflow (just had some big spends investing in some new equipment).

Maybe £100k would be enough. I'll have a think and compare the prices before deciding.

So long as Hiscox are reliable and reputable, I"m happy - I just don't fancy paying for a policy only to find out the company is bad at a later date.

CANZON

I've looked at different prices with Hiscox for different amounts of insurance and there is only £2 per month difference between getting £100,000 PI with £2mill PL and getting £250,000 PI with £5mill PL.

So I'm going with the higher option. The amount I'd pay difference is negligible, but the signalling for those booking me is higher.