• Goods in trust
• Public liability
• Indemnity

Goods in trust insurance
‘A room set photographer working with a stylist in a hire studio, completes a shoot and the set is broken up. The stylist returns some of the good personally, leaving the rest of the goods in the loading bay of the hire studio awaiting pick up. A number of items go missing’

Who is responsible? Stylist oversees safety of goods and returns them. Studio hire provides storage space and is responsibly for
insurance. The delivery company collected after stylist left. Client now wants to know why there is an extra £500 on invoice. Each supplier should have ‘goods in trust insurance’

Public liability
Public Liability insurance 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. It also covers any related legal fees, costs and expenses as well as costs of hospital treatment (including ambulance costs) that the NHS may claim from you. Generally speaking, PL insurance is not compulsory; however I would strongly recommend that if you re working with models, memebers of the public and move around on location you look into this insurance.

Indemnity Insurance
Advisable if you are in the business of selling your knowledge or skills, public liability insurance protects your business against claims for loss or damage by a client or a third party if you have made mistakes or are found to have been negligent in some or all of the services that you provide for them. Public Iiability insurance will also cover legal costs. An indemnity clause in a contract ensures that the client is not responsible for any problems which arise from the use of anyone, or anything within the image. Indemnity insurance will cover any such problems.

Late Payment

You can charge interest when invoices go over 30 days. (Late payment of Commercial Debts (interest) Act 1988). Right for every business regardless of size. Suppliers can also charge you if you pay late, the law is optional you do not have to enforce it.

‘Contracts and licensing, combine the most important aspects of copyright law’



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