Wondering if or how your insurance might be affected during and coming out of lockdown? Not sure what’s covered or if there are any limitations etc.?
We approached our insurance trade partners on your behalf to seek some general guidance.
We understand you’ll likely have specific questions you need answered but there’s no one more qualified to discuss your insurance coverage with you than your current provider, so reach out to them directly for personalised advice.
With so much unknown and insurers having different views on how policies are to be interpreted, it’s going to be very hard to get general content out at this stage.– James Schubach, Aon
Insurers themselves aren’t in a position to advise whether or not you should be back to work photographing or videoing. This is something only you can determine based on federal, state and local government policies.
Regardless, coverage is likely still there for the most part but, says Aon Client Manager, James Schubach, “[This] will vary insurer to insurer and even between policy wordings.”
If you are considering heading out in public to undertake work please check government information to ensure you are complying with the restrictions in place in your state.– James Schubach, Aon
James continues: “If your photography involves others you should also check with your insurance provider on any ramifications around potential claims under your Public Liability policy.”
Insights and Resources from Aon
Aon have published numerous links to articles and resources that may prove helpful and interesting on their international site HERE. Below is some of what you can expect to find and explore further:
Guidance from PPIB
Professional Photographer’s Insurance Broker’s (PPIB) CEO, Jacqui Thomson, has provided the following information, which is published below (through to this article’s finish) verbatim:
Firstly, I hope all of you are keeping well and staying safe during these unprecedented times. PPIB acknowledge the difficulties many of you are facing and rest assured we are here to help you in any way we can.– Jacqui Thomson, PPIB CEO
We ask that you reach out to us to discuss your specific circumstances and we will do our best to work through any insurance issues you may be having.
In regards to the products we offer, the circumstances regarding COVID-19 are as follows:
Portable Photographic Equipment Insurance
There is no exclusion in relation to a pandemic contained within the Policy Wording, so provided the incident occurred in a manner that is covered by the Policy then a claim would proceed in the normal manner.
There is also no specific exclusion relating to a pandemic within this Policy Wording, so provided you adhere to all Government guidance and restrictions in terms of social distancing, you can operate your business within those parameters and standard Policy Coverage will apply.
The two main issues affecting Business Insurance policies relate to the ‘unoccupancy clause’ and Business Interruption.
BUSINESS INTERRUPTION policies generally respond to physical damage to business property. If there is no physical damage to the business property caused by COVID-19, then no cover would be apply.
BUSINESS INTERRUPTION policies also normally have an extension for “Infectious or contagious diseases.” However, this cover only operates when the infectious disease results in closure or evacuation of an insured premises where the outbreak occurs within a 20km radius of the Insured location.
However, there is no cover for any disease that has been declared to be quarantinable under the Biosecurity Act 2015 (Cth) (as amended) and as COVID-19 falls into this category, a claim for Business Interruption due to closure or loss of income would not be covered.
Due to the restrictions currently in place as a result of COVID-19, many businesses have temporarily closed and are therefore ‘unoccupied’.
Business Policies normally have an exclusion where they will not pay for loss or damage at the insured location, if the premises have been unoccupied for more than 90 days.
As a result of the current situation, it is highly likely that your Business premises may be unoccupied for more than 90 days and Insurers have acknowledged this with many providing extensions within their policies to allow for a greater unoccupied period.
If you have a Business Insurance Policy and fall into this category, we recommend that you contact us directly to discuss your individual situation so that we can provide you with specific advice.
We hope you all continue to stay safe and please reach out to us if you require any assistance as we are fully staffed and here to help.– Jacqui Thomson, PPIB CEO