David McLeish

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I’m just starting out in my photography business; do I need insurance?

Posted by David McLeish on Feb 27, 2020 11:57:51 AM

I’M JUST STARTING OUT IN MY PHOTOGRAPHY BUSINESS; DO I NEED INSURANCE?

PHOTOGRAPHY BUSINESS INSURANCEShutterstock Royalty-free stock photo ID: 445094317

You might not expect to hear this from an insurance broker, but if you’re wondering whether you need insurance – maybe you don’t!

Many photographers, and most professional photographers, don’t need to wonder: they know, because they are told they must carry insurance. If you apply for a permit to shoot at a Provincial Park or rent gear from a rental house, they won’t issue your permit or release the gear until you provide proof of insurance. In these instances, insurance is a necessity.

If no one is requiring you to carry insurance, but you still think it would be prudent to have, below are some things to consider when deciding whether you need insurance.

What are your total assets?

Insurance is intended to protect you from catastrophic losses. A catastrophic loss is one that you couldn’t possibly recover from without insurance. If your total assets are a camera body and two lenses that altogether cost about $3,000 CAD, replacing them after a theft might be difficult, even painful, but not impossible—not catastrophic. You wouldn’t have to declare bankruptcy, for instance. If you can’t pay for their replacement out of pocket, maybe you put the purchase on a credit card and pay it off over the course of a few months. The interest payments would likely still be less than what you would pay in insurance premiums.

Once you start amassing some serious gear, however, you’ll need to start thinking about insurance. You probably don’t want to carry a $10K balance on a credit card. Perhaps you don’t have a credit card with a $10K limit. At a certain point, the cost of replacing all your assets becomes “catastrophic”. Knowing the replacement cost value of your total assets – and the impact that a worst-case-scenario would have on you or your business – will help you decide when (or at what point) you need insurance.

What are your liability exposures?

The idea of a “catastrophic loss” comes into sharper focus when talking about liability. Here, the values are not in the thousands but in the hundreds of thousands or even millions. Very few people can put a million dollars on a credit card.

If you injure someone with your car, your car insurance pays the damages. If you injure someone as a private citizen and they sue you for negligence, your home insurance may cover damages the courts award against you. But, what if you injure someone while you’re working? You’re not in a car, and your home insurance likely excludes claims arising from “business activities” (note: home insurance policies don’t distinguish between fledgling businesses vs. established businesses—if you’re getting paid to be there, you’re a business).

Liability coverage for your business activities may be obtained through Commercial General Liability (CGL).  If you work in or with the public, or in places where you could conceivably cause bodily injury or property damage to third parties, you have a liability exposure and should consider getting CGL.

What are the deductibles?

Almost every insurance policy has a deductible. A typical commercial property deductible is around $500 to $1,000. A deductible is an amount you’re responsible for paying (for repairs or replacements) before the insurance policy will respond.

Maybe your worst-case-scenario is having your gear stolen while you’re backpacking in Thailand, and you’d be out $5,000. The insurance policy initially costs $500, and the deductible is $1,000. In the event of a total loss, the insurance policy would only save you out-of-pocket costs of $3,500 ($5,000 less the $1,000 deductible, less the $500 premium). Maybe you’d still consider that “catastrophic” and worthwhile insuring. At least: if you know going in what the deductibles are, you won’t be surprised by the actual expense of replacing your gear.

Remember that insurance is intended to cover catastrophic losses. Deductibles are related to this original intent. An insurance company is not a maintenance service you hire to fix every little dent and scratch. Insurance companies do not want to be involved in thousands of small claims, so they impose deductibles to limit the number of claims they have to handle. Check the deductibles before you buy a policy, and think about the deductibles when you are deciding whether or not you need insurance.

What do you expect to get from your insurance?

The biggest misconception people have about insurance comes from the idea of “getting your money’s worth”.  If you think insurance is something that will save you money, or that you should come out ahead of the insurance company, you’re treating insurance like a coupon or a slot machine. Insurance is neither a coupon nor a slot machine!

Don’t pay for insurance expecting huge savings and big winnings. That’s not the point. Insurance is about transferring risk. If a risk to you is so great that it would prevent you from doing what you need to do to grow your business, then you should transfer that risk to an insurance company. Insurance is, essentially, a facilitator of business. It enables people to take certain business risks that – if left to their own devices – they would likely not take, for fear of the consequences.

There are many reasons to get insurance. “Buy as much insurance as you can afford!” is the common refrain from insurance brokerages. But it is also important to understand what insurance is for and how it can work for you, at whatever stage in your career you happen to be.

Consider photography insurance | photography equipment insurance | photography business insurance | photographer liability insurance

So, is insurance right for you? After reading this post, if you think the answer is yes, Front Row’s photography insurance policy is certainly a good option. Many Canadian photographers have come to recognize Front Row as the industry’s best coverage – and rely upon us to protect their valuable camera gear. In case a claim does occur, you can work with your broker to resolve the claim and get compensated for covered losses as quickly as possible.

REFER A FRIEND TO FRONT ROW INSURANCE

Based on customer demand, we’ve setup our referral marketing program and if you refer a friend to Front Row, you could win a $15 Amazon eGift Card OR be entered into a random draw to win a $99 Amazon eGift Card! (depending on your province)

DISCLAIMER: Informational statements regarding insurance coverage are for general description purposes only. These statements do not amend, modify or supplement any insurance policy. Consult the actual policy or your broker for details regarding terms, conditions, coverage, exclusions, products, services and programs which may be available to you. Your eligibility for particular products and services is subject to the final determination of underwriting qualifications and acceptance by the insurance underwriting company providing such products or services. This website does not make any representations that coverage does or does not exist for any particular claim or loss, or type of claim or loss, under any policy. Whether coverage exists or does not exist for any particular claim or loss under any policy depends on the facts and circumstances involved in the claim or loss and all applicable policy wording.

 

Related Posts:

FREE EBOOK! PHOTOGRAPHY INSURANCE 101: PROTECT YOUR CAMERA GEAR

PHOTOGRAPHY EQUIPMENT INSURANCE: YOU MAY NOT BE COVERED BY HOMEOWNERS

I’M JUST STARTING OUT IN MY PHOTOGRAPHY BUSINESS; DO I NEED INSURANCE?

4 QUESTIONS TO CONSIDER WHEN BUYING PHOTOGRAPHY BUSINESS INSURANCE

THEFT FROM VEHICLE: PHOTOGRAPHY INSURANCE EXPLAINED

PHOTOGRAPHERS & VIDEOGRAPHERS: SAVE MONEY ON YOUR CAMERA INSURANCE

HOW TO REDUCE THE COST TO INSURE YOUR PHOTOGRAPHY EQUIPMENT

HOW TO PROTECT YOUR CAMERA LENS(ES)

WHAT TO KNOW ABOUT RAIN PHOTOGRAPHY: PROTECTING YOUR CAMERA IN RAIN

UNDERWATER PHOTOGRAPHY BEST PRACTICES / IN-WATER PHOTOGRAPHY

PROTECT YOUR CAMERA GEAR FROM OVERHEATING

PROTECT YOUR CAMERA AT THE BEACH / PROTECT YOUR CAMERA FROM SAND

ORGANIZING YOUR CAMERA GEAR / KEEP TRACK OF YOUR PHOTOGRAPHY GEAR

INSURANCE FOR PHOTOS BOOTHS | PHOTO BOOTH INSURANCE FROM FRONT ROW

HOW DO I ADD AN ADDITIONAL INSURED TO MY POLICY?

5 THINGS TO KNOW ABOUT MAKING A PHOTOGRAPHY INSURANCE CLAIM

FRONT ROW: OFFERING ONLINE CAMERA INSURANCE POLICIES FOR PHOTOGRAPHERS

Topics: photography insurance

5 Things to Know About Making a Photography Insurance Claim

Posted by David McLeish on Dec 4, 2019 6:56:58 AM

5 THINGS TO KNOW ABOUT MAKING A PHOTOGRAPHY INSURANCE CLAIM

PHOTOGRAPHY INSURANCE CLAIM

1. Every claim is unique

We often get this question: “what if [insert hypothetical situation] happened? Would I be covered?” It is impossible to answer this question, because every claim is unique. Maybe you’ve heard an insurance broker give you vague, evasive, unsatisfying answers. That’s potentially because you’re asking the wrong question. Instead of asking “what’s covered?” you should be asking “what’s not covered?”

Most insurance policies work like this: everything is covered, except what is explicitly excluded by the policy. This allows for all kinds of unanticipated, unimaginable types of losses to be covered. It also ensures wordings aren’t 10,000 pages long. When you submit a claim, the adjustor will look through the wording to see if an exclusion applies. Some typical exclusions are: “wear and tear,” “mechanical breakdown”, “fungus”.

2. There can be many ways to prove ownership (not just receipts)

Lots of people buy camera gear second-hand. Claims adjustors are aware of this fact. If you don’t have original receipts, don’t panic. You can still cover the gear with your insurance.

Proof of ownership can take different forms, depending on the loss. If a lens is cracked, the proof is the cracked lens in your possession. You would only need to provide documentary proof in “total loss” situations (theft, destroyed in a fire, etc.). In these situations, original receipts are obviously best, but in the absence of these, the adjustor may use their judgment or common sense. They may try to work with you to find “creative” ways to substantiate prior ownership.

In all cases, it is up to the adjustor’s discretion; they need something that will “hold up”, and they will be using their “Spidey-senses”. If they think something is suspicious, they will ask for more concrete evidence and they may decline a claim. So, do what you can prior to a loss occurring to substantiate your ownership of the items you wish to have covered.

3. File a police report first (and take photos of the crime scene)

When a crime has been committed, you will need to report the crime to the appropriate authorities. For a theft claim, an adjustor will ask for a police report number as part of your supporting documentation. This also applies in foreign countries.

There are also special conditions related to theft from an unattended vehicle – there must be visible signs of forced entry. Basically, the insurance company is saying: if you leave your gear in your car, make sure you lock your car. They will need visible evidence that someone had to pry their way into your vehicle, so take pictures of the broken glass, or the scratches on your car. Without visible evidence of forced entry, your claim could be denied.

The insurance company's policy wording on unattended/unlocked property reads as follows: "we will cover theft of covered property from a locked container, vehicle or trailer when there are visible signs of forced entry. This exclusion does not apply while covered property is in the care or custody of a common carrier."

4. There will be a deductible

A deductible is the amount of the loss that you are responsible for covering before the insurance policy will respond. Say you have a USB drive stolen. Replacing it would cost $60, but your deductible is $350. Although, “technically” the claim would be covered, it is below your deductible, so the insurance company wouldn’t be responsible for paying any part of the claim.

If you damage a $500 lens, you would pay for the first $350 (your deductible), then the insurance company would cover the next $150.

After you’ve made a claim, an insurance company will generally increase your rates. There is no one-claim forgiveness. So, it may not make sense to submit a small claim, as you may end up paying more for insurance over the long-run. Insurance is not meant to cover small losses. It’s best used to cover the things that could really make or break your business.

5. You can still withdraw a claim after you have reported it

The only person who can give you a definitive answer to the question, “is it covered?” is a claims adjustor. In order to speak to an adjustor, you will need to report the claim to the insurance company. The adjustor will then review what happened and the supporting documentation, and advise whether coverage can be provided.

Once you have a clear answer, you can either decide to proceed with the claim or to withdraw it. Don’t be afraid to open a claim and talk to an adjustor.

Get Photography Insurance

As this is a blog post about claims, the assumption is that you already have insurance for your gear, but just in case you don’t: Front Row’s photography insurance policy is a good option. Many Canadian photographers have come to recognize Front Row as the industry’s best coverage – and rely upon us to protect their valuable camera gear. In case a claim does occur, you can work with your broker to resolve the claim and get compensated for covered losses as quickly as possible.

Refer a Friend to Front Row Insurance

Based on customer demand, we’ve setup our referral marketing program and if you refer a friend to Front Row, you could win a $15 Amazon eGift Card OR be entered into a random draw to win a $99 Amazon eGift Card! (depending on your province)

 

Related Posts:

FREE EBOOK! PHOTOGRAPHY INSURANCE 101: PROTECT YOUR CAMERA GEAR

PHOTOGRAPHY EQUIPMENT INSURANCE: YOU MAY NOT BE COVERED BY HOMEOWNERS

I’M JUST STARTING OUT IN MY PHOTOGRAPHY BUSINESS; DO I NEED INSURANCE?

4 QUESTIONS TO CONSIDER WHEN BUYING PHOTOGRAPHY BUSINESS INSURANCE

THEFT FROM VEHICLE: PHOTOGRAPHY INSURANCE EXPLAINED

PHOTOGRAPHERS & VIDEOGRAPHERS: SAVE MONEY ON YOUR CAMERA INSURANCE

HOW TO REDUCE THE COST TO INSURE YOUR PHOTOGRAPHY EQUIPMENT

HOW TO PROTECT YOUR CAMERA LENS(ES)

WHAT TO KNOW ABOUT RAIN PHOTOGRAPHY: PROTECTING YOUR CAMERA IN RAIN

UNDERWATER PHOTOGRAPHY BEST PRACTICES / IN-WATER PHOTOGRAPHY

PROTECT YOUR CAMERA GEAR FROM OVERHEATING

PROTECT YOUR CAMERA AT THE BEACH / PROTECT YOUR CAMERA FROM SAND

ORGANIZING YOUR CAMERA GEAR / KEEP TRACK OF YOUR PHOTOGRAPHY GEAR

INSURANCE FOR PHOTOS BOOTHS | PHOTO BOOTH INSURANCE FROM FRONT ROW

HOW DO I ADD AN ADDITIONAL INSURED TO MY POLICY?

5 THINGS TO KNOW ABOUT MAKING A PHOTOGRAPHY INSURANCE CLAIM

FRONT ROW: OFFERING ONLINE CAMERA INSURANCE POLICIES FOR PHOTOGRAPHERS

Topics: photography insurance

6 Tips to Protect Your Wedding Flowers

Posted by David McLeish on Jun 13, 2019 6:29:20 AM

Protect Your Wedding Flowers

Protect Your Wedding Flowers

Image credit: flowers-timms, Unsplash

The History of the Wedding Flower

Flowers are an integral part of any wedding. The use of flowers during wedding ceremonies developed out of the ancient practice of adorning brides and grooms with aromatic herbs and garlic, to ward off evil spirits and give the happy couple an auspicious start. Gradually, herbs and spices gave way to aromatic flowers.

The oldest known book on flower-arranging is Japanese and dates from 1445. Flower-arranging as an art form was brought to Japan by Buddhist monks, who learned it while in China.

Golden Apple of Discord: did you know that the practice of the bride throwing a wedding bouquet over her shoulder for a single woman to catch comes from Greek mythology? The goddess Eris tossed an apple in the middle of the feast of the gods at the wedding of Peleus & Thetis as a prize of beauty, thus sparking a dispute among Hera, Athena, and Aphrodite that led to the Trojan War!

Floriography is communication through the use or arrangement of flowers. Ultimately, flowers will have different meanings for different people and cultures, so it’s just about selecting what feels right to you. Can’t think of the flowers that would make sense for your wedding? Well, you could always consult an online flower dictionary (in case you didn’t know that was a thing).

Arrangements today are used mostly for their decorative and visual appeal. Enter Instagram, Kim & Kanye. Kim’s impressive wedding day flower wall was built to match her Givenchy dress!

Kim’s impressive wedding day flower wall

 

Most Popular Wedding Flowers

Some flower types are more suited to weddings than others. Let’s review some of the most popular flower types for weddings:

  • Rose: of course we must begin with the classic rose, widely considered a symbol of beauty & love; you cannot go wrong with these at your wedding.

Wedding rose

  • Nosegay: these small flower bouquets are especially suited to weddings.

Nosegay

  • Ranunculus: ideal for spring, summer or fall weddings, the budget-friendly & cheerful ranunculus has yellow or white bowl-shaped flowers.

Ranunculus

  • Peonies: showy flowers ideal for spring or summer weddings, traditionally pink, white or red.

Peonies

  • Hydrangeas: with rounded or flattened flowering heads of small florets, hydrangeas are a beautiful choice for any wedding.

Hydrangeas

 

6 Tips to Protect Your Wedding Flowers

Flowers are delicate things and need to be protected. Wedding flowers can be insured as part of a wedding insurance package, but that will only help save the day if you discover the damage in time to submit a claim and order replacements (there are other things insurance can cover—we’ll talk about that later). Also, some things that can damage flowers won’t be covered by an insurance policy, like mold, mildew & spores, improper handling, or wear and tear. Here are some pro tips to help get those flowers to the ceremony safe and fresh as a dahlia.

  1. Unbox & Bucket

Get your flowers out of their boxes and into water buckets as soon as possible. Keep the boxes so you can transport the flowers later. Remove any plastic wrapping, paper, foam, or string. Store the flowers in buckets of different sizes to match the lengths of the stems and hold the flower bunches together neatly, so they’re not squished. The wrong sized bucket can damage your flowers.

  1. Hydrate, Hydrate, Hydrate!

Flowers are thirsty, and they need clean, fresh water. Check the water levels regularly (every hour or so) when they’re fresh out of the box, as they may need to be refilled. The flowers should be sitting in about 4 inches of water. Change the water every 24 hours, and use flower food—if the flowers call for it! You can purchase flower food from any local florist, but speak with them first, as some varieties actually do not like flower food.

  1. Trimming and prepping the stems

Angled flowers cutImmediately after getting your flowers in water, you should be trimming and prepping the stems. Remove foliage that falls below the water line, as this may cause bacteria or rot. Use sharp scissors, and trim the tips of the stems at an angle. If you don’t make a clean cut, you could damage the stems and prevent water absorption. An angled cut creates a larger surface area to absorb water, and keeps the stems from sitting flat in the bucket, blocking the water-absorbing cells.

  1. Store in a cool, dry place

Keep your flowers out of direct sunlight. If they’re looking perfect, keep them dark and cool. Do not refrigerate flowers, as the temperatures are too cold and may cause damage (unless they’re dahlias or peonies that are about to burst – these varieties can handle refrigeration). If they need to bloom a little bit more, put them somewhere warmer and brighter but still out of direct sun, as this may damage the flowers.

Also, keep flowers away from fruits and vegetables. Fruits and veggies emit Ethylene gas as they ripen, and this tells other flowers to drop their petals and turn into fruits and veggies themselves. Or maybe you want to walk down the aisle with a basket of fruits and veggies? Could be… tasteful?

  1. Transportation

Keeping flowers cool, fresh, and fed is easy, compared to the perils of transportation. Use those flower boxes you didn’t throw away (remember?) to create a carrying case for your arrangements. Cut ‘X’s into the box lid, and push the arrangements through the ‘X’s so they’re sitting snugly inside the box. Cut smaller ‘X’s for hand-held arrangements, larger ‘X’s for vases.

The stems should be tucked safe inside the box with the flowers sitting nicely on top. This prevents the arrangements from shifting around during transportation. You may need two people to move the boxes, depending on how heavy the vases are.

  1. Get Wedding Flower Insurance

Adding a Wedding Enhancement Package onto your Front Row Wedding Liability Insurance policy will cover loss or damage to any wedding flowers during the period of 7 days prior to the wedding date shown on the individual binder of insurance online and up to 24 hours after the reception date shown on the individual binder of insurance issued online. It can also cover costs of rearrangement. Say you have to reschedule the entire wedding, because a hurricane has grounded flights and your extended family won’t be able to attend. The florist has already delivered their shipment. They’re not obligated to give you a second flush, but a good insurance policy can cover those extra, unanticipated costs.

Wedding insurance may also cover “failure of supplier” due to bankruptcy, liquidation or insolvency. What? You hadn’t thought about what to do if your florist goes bankrupt right before the wedding? Well, your insurance broker has. Let them worry about hurricanes and bankruptcies. You’ve probably got enough to worry about.

RELATED LINKS:

Wedding Insurance 101 & How to Protect Your Wedding Investments

Wedding Insurance: what is it?

4 Reasons to Buy Online Insurance for Weddings

Wedding Insurance Cost: Less than You Think

Renting out your church, mosque or other place of worship?

Keep your Backyard Wedding on a Budget

Planning a Wedding at Home?

Wedding Ring Insurance

Disaster on Your Wedding Day?

Planning a Bridal Shower?

Baby Shower Insurance

Host Liquor Liability Insurance

How to Prevent Wedding Gift Theft

6 Tips to Protect Wedding Flowers

How to Protect Your Wedding Dress

How to Protect Your Wedding Cake

How to Prevent Wedding Crashers

Benefits of Hiring a Wedding Planner

CITATIONS:

Topics: wedding insurance

BC Business Mag: Front Row Insurance on Holiday Party Event Liability

Posted by David McLeish on Nov 27, 2018 9:50:27 AM

Front Row's President & CEO David Hamilton recently contributed the following guest article to BC Business Magazine, and we wanted to share this here with our community. As many of you are gearing up to plan holiday events and parties, these tips will make sure you're prepared - even if the party gets a little crazy!

Planning this year's holiday office party? Prepare for the unexpected

We’ve all had (or been) that coworker who has a little too much fun and does something they completely regret the day after the annual holiday office party. If you’re on the event planning team for this year’s holiday party, it’s in your best interest to be prepared for every possible scenario as you prepare for office shenanigans.... 

CLICK HERE to read the full article at BC Business Magazine. 

kelsey-chance-575541-unsplash

Credit: Kelsey Chance/Unsplash 

Topics: event insurance, day insurance, short term liability insurance, holiday liability insurance, party insurance

Cyber Security Insurance / Cyber Liability Insurance

Posted by David McLeish on Nov 22, 2018 10:15:20 AM

Cyber Insurance / Cyber Liability Insurance / Cyber Security Insurance

Cyber Insurance / Cyber Liability Insurance / Cyber Security InsuranceIS YOUR SMALL BUSINESS DATA SECURE? DON’T WAIT TO FIND OUT.

On the back of several high-profile data breaches in recent years, Cybersecurity is increasingly top of mind for executives as well as customers. Hackers are targeting organizations of all sizes with increasing sophistication and persistence. As the risk grows, what is being done?

Experts Say: Not Enough.

Criminal networks are devoting an increasing proportion of their time and attention to Cybercrime because it’s easier and more lucrative than more traditional types of crime, and harder to get caught. Worryingly, businesses seem to be inclined to take a reactive rather than proactive approach.

While 99.8% of Canadian companies fall into the category of small or medium-sized businesses (SMBs), and 43% of cyber attacks specifically target them, 90% do not have cyber insurance. Costs per incident run from the tens of thousands of dollars in smaller companies, to millions for larger, better-known organizations. Recent research into the topic of Cybersecurity has highlighted the need for improved focus on personnel training and specialized IT staff.

Small businesses spend comparatively less on Cybersecurity, and the impact of Cybercrime on them tends to be more severe when it does happen: many small businesses which have been hacked go out of business shortly after (estimated at 60%) because they are simply unable to deal with the financial and reputational cost.

Typically, an organization’s Cybersecurity budget is a proportion of their IT budget (often around 10%). Most organizations spend more on Cybersecurity after an attack, but mostly on technology such as firewalls and anti-malware software rather than personnel training and governance. Larger organizations seem to take the problem more seriously, but they also tend to be more frequent targets of attacks due to the bigger payoff.

Failure to safeguard against cyber attacks can injure more than just a company’s financial position; the very survival of an organization can be threatened. A successful Cybersecurity strategy will involve adequate spending on training, governance and internal processes to reduce risk as well as technology, and a comprehensive insurance plan to address risks which cannot be adequately reduced or managed.

What Can Be Done to Protect Against Cyber Attacks?

Front Row Insurance offers a solution called Hackinsure which is designed to provide additional protection for your business against emerging threats in the area of Cybersecurity.

Cyber Hack insurance Canada includes:

  1. Third-party cyber liability, which put simply covers you against lawsuits from third parties due to a cyber attack on your business.
  2. First-party cyber liability, which covers the cost of actions taken to “make right” a cyber attack for your customers—things such as notifying clients, purchasing credit monitoring services for affected parties, PR efforts related to the attack, and access to a Cyber Incident Response Team.
  3. Digital Data Recovery Cost coverage, which protects against destruction or loss of digital data resulting from a criminal or fraudulent cyber event.
  4. Extortion & Ransomware, which covers costs associated with payments to those who threaten to disclose sensitive information.
  5. Business Interruption: Continuing normal operating & payroll expenses, and net profit before income tax that would have been earned had no interruption in service of the computer system occurred.

In this technological age, no business is immune to Cybersecurity risk, and the costs of a breach can be crippling. Hackinsure policies from Front Row begin at $300 CAD.

Related:

EBOOK: CYBER INSURANCE 101 / CYBER LIABILITY INSURANCE / CYBERSECURITY INSURANCE CANADA / HOW TO PROTECT YOUR COMPUTER SYSTEMS

ONLINE CYBER INSURANCE FOR CANADIAN SMALL BUSINESSES

CYBER SECURITY INSURANCE

HACK INSURANCE: IT'S NOT JUST FOR BIG BUSINESSES

IS YOUR BUSINESS PREPARED FOR THE CONSEQUENCES OF A CYBER ATTACK?

4 WAYS TO PREVENT CYBER ATTACKS IN THE CREATIVE INDUSTRY

CYBER CRIME INSURANCE FOR NON-PROFITS

IF YOU ARE A GRAPHIC DESIGNER, YES, YOU NEED HACK INSURANCE

IF YOU ARE A PHOTOGRAPHER, YES, YOU NEED HACK INSURANCE

IF YOU ARE A FILMMAKER/FILM PRODUCER/HAVE A PRODUCTION COMPANY, YES, YOU NEED HACK INSURANCE

IF YOU ARE A THEATRE PRODUCER, YES, YOU NEED HACK INSURANCE

IF YOU ARE A MUSICIAN, YES, YOU NEED CYBER INSURANCE

IF YOU ARE A REAL ESTATE AGENT/WORK IN REAL ESTATE, YES, YOU NEED HACK INSURANCE

IF YOU ARE A PERSONAL TRAINER, YES, YOU NEED HACK INSURANCE

IF YOU ARE A HAIR/NAIL/BEAUTY SALON MANAGER OR EMPLOYEE, YOU NEED CYBER INSURANCE

RANSOMWARE INSURANCE

PASSWORD PROTECTION & MANAGEMENT

MANDATORY DATA BREACH LAW

OFFICE CONTENTS INSURANCE AND THE NEED FOR CYBER INSURANCE

FRONT ROW INSURANCE OFFERS SOLUTION TO SMALL BUSINESS CYBER CONUNDRUM

TRANSFER CYBER RISK TO CYBER ATTACK INSURANCE

Topics: Cyber Insurance

Holiday Office Party Insurance

Posted by David McLeish on Nov 12, 2018 5:33:51 PM

Holiday party

Planning This Year’s Holiday Office Party? Why You Need Event Insurance:

We’ve all had (or been...) that coworker who has a little too much fun and does something they fully regret the day after the annual holiday office party. If you’re on the event planning side of this year’s holiday party, you might want to consider special event insurance as you prepare for this year’s office shenanigans. After all, the holidays is about celebrating and relaxing, not worrying about all the unforeseens that could go wrong if you don’t have insurance.

What is Special Event Insurance?

Short term event insurance is designed to protect your event - whether it’s a conference, business party, festival or something else (for a full list of covered events click here) from ALL of the possible circumstances that might occur during your event that are beyond your control. This includes potential lawsuits caused by damage to the location you are renting or lawsuits that arise if your guests are injured at the event.

Nobody plans an event with the intent of it going sideways, but any good event planner will tell you that they always have a backup plan in place in case things fall off the wagon. With affordable starting rates and policies that can be purchased online in just five minutes, what better reason do you need to make sure your next event is covered in the case that any accidents happen?

On the fence about whether or not your special event qualifies for insurance? Below are some tips to help you decide:

Location matters – If you’re planning a holiday office party, chances are you won’t be doing it at a park or outdoor venue in the dead of winter. However, if you’re hosting it at a third-party venue or on municipal property, event liability insurance is pretty much always required - especially where alcohol is involved. Think you’re in the clear if your boss is hosting it at her mega-mansion? Think again. You’ll want to double check her homeowner’s policy because parties of a certain size are often not covered - again, especially when alcohol is being served.

Equipment rentals – In the case that you’re renting tables, chairs, sound equipment or anything else you might need to throw the ‘holiday party of the decade’, consider what might happen if your vendor ends up being a no-show. You’ll want to be covered if that’s the case (hello, unpredictable winter weather) or if any damage occurs to the stuff you rent during the event. Accidents happen and sometimes you just can’t tell how much crazy fun your co-workers might have…

First-aid – Speaking of which, it’s all fun and games until somebody gets hurt! Protect yourself against staff injuries or a staff member suing you in the case of a bad injury. Holiday party liability insurance will cover you if you are sued by an employee by providing a free lawyer to defend you and paying the judgement costs awarded to your injured guest.

Serving it right – Booze and the holidays usually go hand in hand. If you’re planning to serve alcohol at your office party, you’ll need to purchase one day liquor liability insurance. One way to get around this? Hire a caterer who will serve alcohol for you. But even then, make sure you have all your bases covered so that your liability is kept to a minimum.

Regardless of where, when, and how your next holiday party comes together, always keep your guests - or in this case, your staff - top of mind. Their safety is best managed with the proper special event insurance.

Related Post: Holiday party insurance: do you need it?

About the contributor: David Hamilton is President of Front Row Insurance, one of the world’s largest entertainment insurance brokers. Front Row offers event insurance with no need to talk to a broker. Policies start at $130 and certificates proving insurance coverage for your rented venue are provided immediately at no cost. To get a quote online, in under 5 minutes click here!

Topics: event insurance, party insurance

Filmmakers and Producers Insurance

Posted by David McLeish on Nov 5, 2018 12:18:55 PM

film producers insurance

film producers insurance

Let’s Make Art Together.

You’re a prolific filmmaker with a full production slate. Like most creative people, you‘d rather focus on your work. The problem is that since each project requires its own insurance policy, it often feels like the more you work, the more time you have to spend dealing with insurance!

Worse, while you’ve always received good service from your broker, they don’t quite “get” what it is you do. It’s a hassle getting certificates for your vendors and cast and crew. Too many irrelevant questions are asked by the underwriter. When something unusual comes up like a drone shoot or stunts, there are delays. There has to be a better way.

Luckily, there is. Unlike most insurance professionals in Canada, we specialize in the business of entertainment insurance. It’s not just what we do, and what we’re good at; it’s what we’re passionate about.

Front Row Insurance Brokers is the largest entertainment insurance brokerage by premium volume in Canada, with offices in Vancouver, Toronto, Montreal, Halifax, Nashville, Los Angeles, and New York.

In 2017, we insured over $4 billion of productions worldwide and wrote more than $45 million in film premium. The 38 dedicated film insurance staff in our Canadian offices are experts in TV and film production, so you know you’ll be dealing with someone who understands what you do. Even better, we have staff licensed in every province.

Filming in sunny Saskatchewan? No problem, we’ll get you covered. Perhaps most importantly, as part of our commitment to exceptional service, we will work hard to ensure that the money owed to you is paid if you ever need to make a claim under your policy.

Moreover, our excellent working relationship with the five major companies writing entertainment insurance in Canada ensures that you get more than just the best rates. It also affords us the opportunity to design studio programs which offer coverage tailored to the unique needs of your production slate. A studio program is a custom policy designed by the broker working in concert with the insurer. The advantage to you is that it’s designed around your specific production slate. You won’t have to pay for coverage you don’t require, and your policy will be customized for you by experts in entertainment insurance who understand your needs. Some examples of the benefits available under a studio program include:

  • No cast medicals required for film budgets under $15,000,000, rendering it unnecessary to schedule and attend tedious doctor exams, and saving you the $130 exam fee.
  • Automatic coverage for test shoots, promo shoots, pilots for budgets up to $50,000: no need to call us.
  • Quotations provided immediately for any new project. Rates locked for 12 months. Coverage can be activated and certificates issued on the same day for office rentals, payroll, etc.
  • Insurance wherever you film.

Let us leverage your production slate, combined with our premium volume, for your advantage. We pride ourselves on being the simplest line item on your budget—fast, without the drama.

We can also offer you a Low-Claims Bonus: ask us how.

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Topics: Film equipment insurance, Short Film Insurance, Film Insurance, Entertainment Insurance, Cast Insurance, Film permission, production liability insurance for films, Public Liability Insurance for Film, insurance for film set

Multimedia Insurance Coverage

Posted by David McLeish on Oct 27, 2018 3:05:00 PM

MULTIMEDIA INSURANCE COVERAGE

MULTIMEDIA INSURANCE COVERAGE

Thanks to the Internet, Everyone Has Seen your Movie.

Your intrepid film managed to weather the entire production process without any hiccups—bravo! Now that the theatrical run is over, it’s time to bequeath the film to posterity in the form of home video and TV rebroadcasts. Safe enough, right?

In fact, the “tail” of a movie’s lifespan is no less exposed to potential claims than any other phase. As the film is released to home video and dissected on the internet, every scene and every word of dialogue will be scrutinized. As more sets of eyes see your film, the likelihood of a nuisance lawsuit unfortunately increases. For example:

  • Unauthorized use of logos can elicit legal action from the corporations that own them
  • Inclusion of identifiable faces in crowd scenes can prompt legal action
  • Misappropriation of name or likeness can cause a lawsuit to be brought

Multimedia risk insurance (or "Producer’s Errors & Omissions" [‘E&O’] Coverage) offers protection against these kinds of lawsuits, including alleged unauthorized use of titles, formats, ideas, characters, plots, plagiarism, unfair competition or privacy, and breach of contract. Distributors normally require that this coverage be in place prior to distribution simply because of the myriad of unpredictable risks a film can face in the distribution phase.

As a filmmaker, you want to be able to focus on doing just that—making films. Wouldn’t you like to rest easy once you’re finished? Ensure your production is protected from the idea phase to the home video phase so you can concentrate on what you do best.

Contact us – we can help.

Topics: Film Producer's E&O Insurance, Multimedia Risk Insurance

Venue Insurance in Canada

Posted by David McLeish on Aug 30, 2018 10:28:13 AM

Your venue welcomes the world.

Whether it’s an audience of ten thousand or something more intimate, you open your space to the public, and to the people who know how to draw a crowd. This, in turn, exposes you and your venue to certain risks that can be managed with the right kind of venue insurance. Whether you need stadium insurance or community theatre insurance or amphitheater insurance or auditorium insurance or concert hall insurance or insurance for an outdoor stage, you are responsible for the safety of the public and performers and you could become liable if someone is injured at your venue. You also have to be concerned with potential damage to property, performance cancellations, the care and conduct of your employees… then there’s all the stuff you never could have predicted!

Front Row’s venue insurance program will look at your specific venue, and we’ll tailor coverage to meet your unique needs. We’ll look at things like:

  • Your venue’s capacity
  • The frequency of performances
  • Types of performances hosted
  • Types of concessions sold (any alcohol?)
  • The characteristics of the building where it all happens

When it comes to risk, we’ve got the best seat in the house, and we can help you see your exposures from every angle. That means you can confidently welcome the world’s best, brightest, and craziest–whatever the world throws at you, you’ll be ready!

Get an Event Insurance Quote

 

RELATED LINKS:

Event Insurance 101 & How to Protect Your Events

Venue Insurance in Canada

Event Planning

Wedding Insurance

Renting Churches, Mosques

Planning a Bridal Shower?

Baby Shower Insurance

Event Cancellation

Conference & Event Insurance

Concert Insurance

Movie Theatres

Wrap Parties

Holiday Office Party Insurance

Anniversary Parties

Birthday Party Insurance

Kid's Birthday Party Insurance

Bar Mitzvah Insurance

Planning a Garden Show?

Picnic Insurance

Topics: venue insurance, concert insurance, Theatre Insurance, event insurance, short term venue insurance

DICE Insurance Policies: Annual Protection for Multiple Film Projects

Posted by David McLeish on Aug 24, 2018 4:14:34 PM

What are DICE Insurance Policies? 

Many film and video companies engage in multiple productions throughout the year. These types of companies, known as DICE Producers (Documentaries, Industrial Films, Commercials and Educational films), benefit from an annual insurance policy known, conveniently, as a DICE Policy.

Somewhat like an annual travel insurance policy that covers all the trips you take in a year, a DICE insurance policy will cover all the productions you undertake in a year, so you don’t need to keep re-applying for insurance for each individual production. This gives DICE Producers the freedom and flexibility to provide certificates of insurance and lock locations at a moment’s notice (many municipalities require $5 Million in Commercial General Liability to secure a film permit). An annual policy also means you only have to think about the insurance once a year, and unless you’re insurance nerds like us, once is probably enough!

There are some limitations: a DICE policy won’t cover feature length films, productions with shooting periods over 90 days, or TV series, episodes, or specials. But it will cover productions like short subjects, music videos, and photo shoots, along with the DICE staples—virtually everything except feature films and TV series.

Canadian Producers - Click HereUS Producers - Click Here

Calculating your DICE premiums:

The policy premium is based on your actual annual gross budgets. Coverage is purchased with a deposit premium that is based on your provisional, estimated annual gross production costs (say, you expect to do $500,000 that year). Then, at the end of the year, you report a final gross production cost and the premium is adjusted up or down accordingly. If you weren’t as busy as you had anticipated, the unused premium is refunded to you, or, if business was booming and you did better than expected, you can pay for the additional coverage used at the end of the year. This means you’re only paying for the insurance you actually needed during that year. Our DICE policies have a minimum annual gross budget of $220,000 and no upper limit, so whether you’re just starting out or a seasoned pro, Front Row’s DICE Policy can be tailored exactly to the needs of your production business.

Additional Coverage is also available for:

Visit the Front Row Insurance Website for more information or a fast, free no obligation quote!

Canadian Producers - Click Here

US Producers - Click Here

 

Related Post:

WHAT IS A DICE POLICY? - LET FRONT ROW TELL YOU

DICE vs. SHORT SHOOT

DICE vs. DIGIGEAR

Topics: DICE Insurance, corporate video insurance, music video insurance