An inportant benefit of the ASMP Prosurance Program is there is no charge for standard certificates of insurance.
Covers business personal property that is situated within your office such as furniture, computer equipment, copy machines, fax machines and improvements & betterment's.
Protects your cameras, lighting, computer equipment outside of your office and darkroom equipment against fire, theft, water damage, breakage, earthquake and much more. Coverage is worldwide and on a replacement cost basis for owned equipment. This differs from some policies that exclude coverage for theft from unattended vehicles, earthquake, that are limited to the United States and Canada or only provide coverage on a depreciated basis. Owned equipment is insured on a replacement cost basis and includes earthquake and flood. Earthquake and flood are usually excluded in most property policies.
The ASMP Prosurance policy automatically includes a $35,000 limit, with an option of $50,000, for rented equipment including Hired Automobile Physical Damage (See Below). This limit recognizes the growing trend to rent versus own equipment and the high cost of digital systems. The valuation for rented equipment is legal liability and actual cash value for hired vehicles. The standard deductible is $500 but a $1,000 option is available.
Hired Automobile Physical Damage
Protects against physical damage to rental cars with a limit of $35,000 or $50,000 for any one vehicle subject to a $500 deductible. Coverage is Worldwide. (This coverage is included as part of rented camera equipment section of the policy. One limit applies for both vehicle physical damage &/or rented camera equipment.)
Negative Film, Digital Media & Faulty Stock, Camera & Processing - $25,000 or $50,000 Limit
This coverage pays for expenses to re-shoot the job due to lost, stolen, damaged film or digital imagery &/or film rendered unusable as a result of laboratory processing errors and/or camera malfunction. Coverage is designed to cover a current job and you must actually re-shoot the job in order to collect under this policy section. This important coverage is provided on a worldwide basis. Losses resulting from operator error are not covered. The standard deductible is $500.
Imagine that your camera bag were to be stolen after a shoot. The loss suffered would be greater than just the value of your actual camera equipment as you may have also lost exposed film and/or a digital storage device. If your camera were to malfunction you might lose some or all of the images from the shoot or they may be unusable. These are a couple examples of claims that would be covered under this section of the policy. Please note, this coverage section does not cover stock photography or the liquidated damage amount of $1,500 per image.
Props, Sets & Wardrobe - $25,000 or $50,000 Limit
Protects you for damage to or theft of other people's property that is in your care, custody or control and is a part of your photographic set. There is a $10,000 Sublimit for Jewelry, Furs, Fine Arts, Antiques, Precious Metals and Objects of Art. The standard deductible is $500.
Extra Expense - $15,000 or $50,000 Limit
Covers the additional expense incurred to complete your photo shoot should your cameras, props, sets & wardrobe and/or location sustain direct damage from a covered loss. Coverage has been extended to include mechanical breakdown of cameras, generators and computerized systems to control cameras. The standard deductible is $500.
Third Party Property Damage - $1,000,000 Limit
Protects against unforeseeable damage to a location in your care, custody & control while the location is being used temporarily as part of a photographic set. The standard limit is $1,000,000 and the standard deductible is $500.
Covers the actual loss sustained for up to twelve (12) months as a result of direct damage to the premises listed in your policy by a loss from an insured peril.
Portfolio and Case - $2,000 Limit
This coverage protects the cost to reproduce prints, slides, chromes, tear sheets, etc. The basic policy provides up to $40 per image if your portfolio were to be destroyed, lost or stolen. Coverage is worldwide. Note, this coverage section does not include stock photography. The standard deductible is $500.
Monies & Securities - $10,000 Limit On Premises / $2,500 Limit Off Premises
Covers loss of money & securities resulting directly from theft, disappearance or destruction.
General Liability - $1,000,000 to $5,000,000 limit available.
Protects you for your legal liability against lawsuits for bodily injury or property damage that occurs within the United States and Canada (Note: There is limited worldwide liability coverage). One of the important aspects of this coverage is that it affords coverage both on your premises and locations within the policy territory. Listed below are some of the important coverage exclusions.
- Injury to people deemed to be covered by a Workers Compensation Statute.
- Benefits payable under a statutory disability statute.
- Anything having to do with the use, loading or unloading of an automobile, watercraft, or aircraft.
- Damage to other people's property in your care, custody or control.
- Claims resulting from an improper model release, invasion of privacy, infringement of copyright or trademark, infringement of patents, or libel or slander if you are in the business of advertising, publishing, broadcasting or telecasting.
- Claims arising outside of the United States or Canada.
- Anything having to do with pollution.
- Any intentional act.
- Wrongful termination, discrimination, or sexual harassment.
Non-Owned & Hired Automobile Liability - $1,000,000 Limit
Protects an employer for bodily injury or property damage claims that arise from use of a hired, borrowed, or rented vehicle. This coverage will respond only after the policy insuring the vehicle involved in the accident has paid its limit. Please note there is no coverage for a person who drives their own vehicle on your behalf. Coverage is limited to the United States and Canada.
Errors & Omissions Liability (Copyright Infringement) - $1,000,000 Limit
For those members who meet the eligibility guidelines and complete an application, coverage can be extended to include copyright infringement claims as a result of errors and omissions. An important policy enhancement for this type of coverage is that the defense costs are in addition to the policy limit. (This is an optional coverage and subject to an additional premium.)
Loss Payee & Additional Insured
A Loss Payee is a person or organization that has a financial interest in the property given or leased to you and for which you have agreed to provide the insurance. By adding a Loss Payee endorsement, both signatures are needed on a claim check in order to cash the check. The loss payee thereby maintains control of the insurance claim proceeds.
An Additional Insured endorsement extends your liability policy to cover another person or organization for bodily injury and/or property damage claims resulting from your negligence. Since the insurance carrier is now protecting more than one business or individual, there may be an added premium for this coverage.
Workers Compensation and Employers Liability
Covers injury to employees and workers under your control when injured at work in the performance of work duties. Available by endorsement: U.S. Longshoremen & Harbor Workers Act, Jones Act and Voluntary Compensation.
Bodily injury and property damage where the injury or damage occurs outside the U.S. or Canada and the claim is brought in a foreign jurisdiction. Additional coverage available under the Foreign Liability policy includes Foreign Non-Owned & Hired Automobile Liability and Foreign Hired Automobile Physical Damage and Foreign Workers Compensation including repatriation and endemic disease.
Employment Practices Liability
Provides protection from lawsuits by employees claiming sexual harassment, wrongful termination and discrimination.
Covers losses in excess of the limits of employers liability, commercial general liability and nonowned automobile liability.
Nonowned & Hired Watercraft Liability
Bodily injury and property damage arising from the maintenance, loading or unloading of watercraft.
Nonowned Aircraft Liability
Bodily injury and property damage for which you are legally liable that is caused by an occurrence arising from the occupancy, operation or use of the non-owned aircraft, by you or on your behalf.
Railroad Protective Liability
Cover obligations described in the railroad agreements.
Political Risk & Confiscation
Claims arising from foreign governments, including but not limited to the seizure and confiscation of your property.
Disability Income Insurance
Disability income protection is available to ASMP members on an association group disability plan. The maximum monthly benefit available to members under age 50 is $4,000 per month. Members age 50-54 may apply for up to $3,000 maximum per month. Upon attainment of age 65, the maximum monthly benefit is reduced to $2,000. The standard waiting period before benefits will begin is 90 days. A 180 day and 365 day waiting period is also available for a reduced premium.
Accidental Death & Dismemberment Insurances
This insurance pays a benefit in the event an injury results in Death or Dismemberment or Loss of Sight within 365 days after the accident. For 'loss of life' or 'loss of two or more limbs,' the policy benefit would be the Principal Sum. For 'loss of one limb,' the policy benefit would be one half of the Principal Sum. You have the choice of selecting the Principal Sum amount that best suits your needs. Limits are available up to $250,000.