E&O insurance, which is different from general liability and difficult for wedding and event video professionals to obtain individually, is now affordable through a new group program specifically designed for WEVA members and includes coverage for both video and photographic work. Available now through Buell Insurance, the new Videographers/Photographers Errors & Omissions Insurance is underwritten by CNA, and provides comprehensive professional liability coverage designed to help safeguard businesses, protect reputations, and preserve customer relationships. "All E&O coverages are backed by CNA's risk control resources and claim service, which are among the strongest in the industry," said Brad Buell president of Buell Insurance. "Video professionals and digital imagers often ask, what is E&O insurance and why do I need it to protect my business if I already have general liability insurance? General liability covers injuries and accidents. E&O insurance is professional liability coverage, often known as 'peace of mind insurance' since it covers professional matters, not covered under general liability, including a missed event, contract disputes, lost or damaged footage/photos, dispute over the final product, a lawsuit for negligence, equipment failure, and other professional liability matters," said Buell. "With the new Errors & Omissions insurance program in place, we are pleased WEVA members can finally obtain a complete, and cost-effective, business insurance package that includes the three key coverages for event video and photographic work -- including E&O insurance, General Liability insurance, and Equipment insurance," said WEVA International chairman Roy Chapman. "E&O insurance is now available as an add-on or in an all-in-one package of insurance coverages that is convenient, comprehensive, and affordable for WEVA members, and underwritten by an AM Best A-rated carrier. The availability of all-in-one packaging by a major insurance underwriter is an industry breakthrough -- and a new money-saving benefit, and exclusive business advantage for WEVA members." An industry groundbreaker, the new business coverage has needed to undergo state-by-state approval. "Currently the coverage is approved in 20 states with new states being added every day," Buell relates. "Our goal is to have all 48 states in the Continental U.S by the first part of 2010." Buell notes the new CNA coverage is already approved and being written for WEVA members in the following states: Arizona
Colorado
Connecticut
Illinois
Indiana
Maryland
Michigan
Minnesota
Missouri
North Carolina
New Mexico
New Jersey
Nevada
Pennsylvania
South Carolina
Tennessee
Washington DC
Kentucky
Texas
Utah
California (state approval coming January, 2010)
New Hampshire (state approval coming December, 2009) For more information, including a quote on CNA's specialized coverages for videographers and digital imagers available only to members of WEVA, contact Brad Buell at Buell Insurance, 800-842-8355 or email brad@buellinsurance.com and visit Buell Insurance online at www.buellinsurance.com/weva.php.
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