Insurance -- the big discussion thread

Scott Jaco · March 9th, 2006, 06:18 PM

Hello,

Being a new owner of the HD100, I am looking for insurance for my camera package.

So far I've found a company called RV Nuccio & Associates. They are in LA and they are registered with the California Insurance Comission. They seem legit but has anyone had to file a claim with them?

Are there any better or cheaper insurance companies for my gear?

Thanks.
Scott

Boyd Ostroff · March 9th, 2006, 06:26 PM

See the following:

http://www.dvinfo.net/conf/showthread.php?t=60744
http://www.dvinfo.net/conf/showthread.php?t=59436

Tim Dashwood · March 9th, 2006, 07:31 PM

Scott,

I know you are insuring a HD100, but I moved this to "Taking Care of Business," because equipment insurance applies to everything.

Quoc Peyrot · April 8th, 2006, 04:28 AM

How do you insure your equipments, the camera, the steadicam...?

I read my renter insurance contract, and apparently they only insure 10% of my properties when they are not at my place.
So I'm trying to see if I could get a insurance at a reasonable price.

Any advices?

Thanks,
Best Regards,
Quoc

Don Bloom · April 8th, 2006, 07:01 AM

Some use a company like State Farm others like myself use a broker like RVNuccio who places policys thru Firemans Fund and gives me $1 million is liability and covers ALL of my gear that I take out on jobs for a nominal fee per year.

Search around you'll find some good and some not so good deals out there.

Don

Wranglers!!!!!!!! maybe you can move this to a place where it would get more play-I thinks we be in the wrong place ;-)

Don

Boyd Ostroff · April 9th, 2006, 09:46 AM

Hi Quoc, I moved your thread to our business forum where insurance has been discussed frequently do a search here for more info. Another thing to consider, your homeowners/renters insurance probably won't cover any equipment used for business purposes... talk to an agent for the full story.

Quoc Peyrot · April 10th, 2006, 11:01 PM

Thank you for the info.

Best Regards,
Quoc

Jason Boyce · June 9th, 2006, 08:48 AM

What is the best way to get your camera insured against damage/disaster? I bought the extended warranty, but my work involves a lot of scenarios where my camera may be more exposed than I'd like.

I'm looking into starting a small production company and going with small business insurance, but I haven't heard anything back from my friend about that, and I'd liek to make sure the camera is insured in the meantime.

Boyd Ostroff · June 9th, 2006, 09:29 AM

Hi Jason,

This discussion would be a better fit in our business forum since it has nothing to do with the brand of camera. Have a look at the following for starters:

http://www.dvinfo.net/conf/showthread.php?t=60744
http://www.dvinfo.net/conf/showthread.php?t=59436
http://www.dvinfo.net/conf/showthread.php?t=53920
http://www.dvinfo.net/conf/showthread.php?t=10475

K. Forman · June 9th, 2006, 09:39 AM

We are currently renting a home, and I'm using one room as an office. The property manager has no problem with it, but insists I have some sort of insurance. I can't figure out why, as I don't have clients in, and won't be doing any shoots on the property.

So, what kind of policy should I look for in Florida? Any ideas?

Robert Lane · June 10th, 2006, 07:19 AM

Jason,

Some quick advice:

- Make sure you get a commercial-type of insurance policy. Homeowners or renters insurance is very limited in it's scope of coverages especially when it comes to liability and loss outside of your residence or personal vehicle.

- Zurich is a company that I've been dealing with for years. My policy has a 5 million liability rider and about $120,000 worth of umbrella coverage. The cost is about $1500 a year. This is an average. Hartford is another great company with stellar ratings but the same coverage with them will set you back about $3000 a year.

- If you plan on making a business out of your video work then you should get a corporation setup of some sort, either LLC, S, or C. Ask your CPA or family attorney which is best suited to your needs. The main reason for doing this, is in the event somebody sues you - over anything - that you have a separation of assets. This would prevent losing your home and car in event of a lawsuit, otherwise everything you own would be fair game in a judgement against you.

So really, you need two kinds of insurance: Protection for your professional equipment against loss, damage or theft and lawsuit protection.

Patrick Coker · June 30th, 2006, 05:38 PM

Robert, what type of insurance do you have with Zurich? is it a small business policy? i need to get insurance for a shoot and it seems that getting a yearly policy is better. thanks for the advice.

Ian Stark · August 7th, 2006, 03:47 AM

Hi all,

I am looking to get insurance for a single Canon XL2, used in commercial video production and not rented out or loaned to others. Anyone from the UK got any recommendations for a decent company that might offer this kind of cover?

Cheers.

Ian . . .

Paul Doherty · August 7th, 2006, 05:34 AM

Sorry this isn't a recommendation, rather a warning that if you want cover on just one item the insurers will probably have a minimum premium which will make it relatively expensive.

Do you have any other business insurance policies which you can add it on to?

Ian Stark · August 7th, 2006, 05:49 AM

Good point. My other insurance policies are for liability not kit. This is actually the first time I have owned the camera myself - previously I've used a camera that was owned by a regular client (and a generous one at that!) and that was covered under their policy.

Foolish and reckless as I am, I never bothered to insure lighting, grip, audio etc. Individually, the items are relatively inexpensive and are covered (with a wee element of white lying) on my home contents insurance. The camera, though, at nearly three grand . . .

Funny how spending your own money on something sharpens the sense of caution!

March 9th, 2006, 06:18 PM	#271
Scott Jaco Major Player Join Date: Mar 2006 Location: Sherman Oaks, CA Posts: 471	Equipment Insurance Hello, Being a new owner of the HD100, I am looking for insurance for my camera package. So far I've found a company called RV Nuccio & Associates. They are in LA and they are registered with the California Insurance Comission. They seem legit but has anyone had to file a claim with them? Are there any better or cheaper insurance companies for my gear? Thanks. Scott

March 9th, 2006, 07:31 PM	#273
Tim Dashwood Wrangler Join Date: Aug 2005 Location: Toronto, ON, Canada Posts: 3,637	Scott, I know you are insuring a HD100, but I moved this to "Taking Care of Business," because equipment insurance applies to everything. __________________ Tim Dashwood

April 8th, 2006, 04:28 AM	#274
Quoc Peyrot Regular Crew Join Date: Sep 2005 Posts: 81	insurance How do you insure your equipments, the camera, the steadicam...? I read my renter insurance contract, and apparently they only insure 10% of my properties when they are not at my place. So I'm trying to see if I could get a insurance at a reasonable price. Any advices? Thanks, Best Regards, Quoc

June 9th, 2006, 08:48 AM	#278
Jason Boyce Regular Crew Join Date: Apr 2006 Location: San Francisco, CA Posts: 77	Insurance? What is the best way to get your camera insured against damage/disaster? I bought the extended warranty, but my work involves a lot of scenarios where my camera may be more exposed than I'd like. I'm looking into starting a small production company and going with small business insurance, but I haven't heard anything back from my friend about that, and I'd liek to make sure the camera is insured in the meantime.

June 9th, 2006, 09:39 AM	#280
K. Forman Capt. Quirk Join Date: Apr 2002 Location: Middle of the woods in Georgia Posts: 3,596	Small business insurance as a Rider on Renter's insurance? We are currently renting a home, and I'm using one room as an office. The property manager has no problem with it, but insists I have some sort of insurance. I can't figure out why, as I don't have clients in, and won't be doing any shoots on the property. So, what kind of policy should I look for in Florida? Any ideas? __________________ www.SmokeWagonLeather.us

March 9th, 2006, 06:26 PM	#272
Boyd Ostroff Wrangler Join Date: Dec 2002 Location: Mays Landing, NJ Posts: 11,802	See the following: http://www.dvinfo.net/conf/showthread.php?t=60744 http://www.dvinfo.net/conf/showthread.php?t=59436

April 8th, 2006, 07:01 AM	#275
Don Bloom Inner Circle Join Date: Jan 2003 Location: Chicago, IL Posts: 6,609	Some use a company like State Farm others like myself use a broker like RVNuccio who places policys thru Firemans Fund and gives me $1 million is liability and covers ALL of my gear that I take out on jobs for a nominal fee per year. Search around you'll find some good and some not so good deals out there. Don Wranglers!!!!!!!! maybe you can move this to a place where it would get more play-I thinks we be in the wrong place ;-) Don

April 9th, 2006, 09:46 AM	#276
Boyd Ostroff Wrangler Join Date: Dec 2002 Location: Mays Landing, NJ Posts: 11,802	Hi Quoc, I moved your thread to our business forum where insurance has been discussed frequently do a search here for more info. Another thing to consider, your homeowners/renters insurance probably won't cover any equipment used for business purposes... talk to an agent for the full story.

April 10th, 2006, 11:01 PM	#277
Quoc Peyrot Regular Crew Join Date: Sep 2005 Posts: 81	Thank you for the info. Best Regards, Quoc

June 9th, 2006, 09:29 AM	#279
Boyd Ostroff Wrangler Join Date: Dec 2002 Location: Mays Landing, NJ Posts: 11,802	Hi Jason, This discussion would be a better fit in our business forum since it has nothing to do with the brand of camera. Have a look at the following for starters: http://www.dvinfo.net/conf/showthread.php?t=60744 http://www.dvinfo.net/conf/showthread.php?t=59436 http://www.dvinfo.net/conf/showthread.php?t=53920 http://www.dvinfo.net/conf/showthread.php?t=10475

June 10th, 2006, 07:19 AM	#281
Robert Lane Go Go Godzilla Join Date: Nov 2004 Location: Scottsdale, AZ USA Posts: 2,825 Images: 15	Jason, Some quick advice: - Make sure you get a commercial-type of insurance policy. Homeowners or renters insurance is very limited in it's scope of coverages especially when it comes to liability and loss outside of your residence or personal vehicle. - Zurich is a company that I've been dealing with for years. My policy has a 5 million liability rider and about $120,000 worth of umbrella coverage. The cost is about $1500 a year. This is an average. Hartford is another great company with stellar ratings but the same coverage with them will set you back about $3000 a year. - If you plan on making a business out of your video work then you should get a corporation setup of some sort, either LLC, S, or C. Ask your CPA or family attorney which is best suited to your needs. The main reason for doing this, is in the event somebody sues you - over anything - that you have a separation of assets. This would prevent losing your home and car in event of a lawsuit, otherwise everything you own would be fair game in a judgement against you. So really, you need two kinds of insurance: Protection for your professional equipment against loss, damage or theft and lawsuit protection.

June 30th, 2006, 05:38 PM	#282
Patrick Coker Regular Crew Join Date: May 2002 Location: Brooklyn,New York Posts: 169	Zurich Robert, what type of insurance do you have with Zurich? is it a small business policy? i need to get insurance for a shoot and it seems that getting a yearly policy is better. thanks for the advice. __________________ ...all I need is a crumb!

August 7th, 2006, 03:47 AM	#283
Ian Stark Inner Circle Join Date: Dec 2003 Location: Hampshire, UK Posts: 2,237	Another insurance question - but this time in UK Hi all, I am looking to get insurance for a single Canon XL2, used in commercial video production and not rented out or loaned to others. Anyone from the UK got any recommendations for a decent company that might offer this kind of cover? Cheers. Ian . . .

August 7th, 2006, 05:34 AM	#284
Paul Doherty Regular Crew Join Date: May 2003 Location: Sherburn, England Posts: 136	Sorry this isn't a recommendation, rather a warning that if you want cover on just one item the insurers will probably have a minimum premium which will make it relatively expensive. Do you have any other business insurance policies which you can add it on to?

August 7th, 2006, 05:49 AM	#285
Ian Stark Inner Circle Join Date: Dec 2003 Location: Hampshire, UK Posts: 2,237	Good point. My other insurance policies are for liability not kit. This is actually the first time I have owned the camera myself - previously I've used a camera that was owned by a regular client (and a generous one at that!) and that was covered under their policy. Foolish and reckless as I am, I never bothered to insure lighting, grip, audio etc. Individually, the items are relatively inexpensive and are covered (with a wee element of white lying) on my home contents insurance. The camera, though, at nearly three grand . . . Funny how spending your own money on something sharpens the sense of caution!