Full/Affiliate PPAS Members now get Worldwide Professional Indemnity Insurance

What’s going on?
Full and Affiliate Members of the PPAS are now insured up to S$1,000,000 for Professional Indemnity as part of their membership package. After months of sourcing and negotiation with various insurance companies, we’ve finally found a good solution tailored to members of our profession.
What is it?
This insurance protects the photographer from loss or damage relating to professional photography services. It covers many areas that professional photographers are vulnerable to, including penalty fees from job delays or loss arising from intellectual property infringements, etc. See below for full coverage details.
Why do we need it?
Ask any veteran in our field and they will likely agree that professional indemnity insurance is a vital part of the business. In essence, it covers loss resulting from contractual disputes.
For example, if you get sued for something that happened in the course of your work (or resulting from it), this insurance covers the damages and legal fees that you would have to pay if you lose the case.
It’s no surprise how little we are in control of, so it’s better to have some protection when a crisis hits, especially if we run our own business.
Why is this a big deal?
Because it’s as good as getting a 94% discount off an essential business cost. One would normally expect to pay around S$2,000 annually for similar coverage, but now, our Full/Affiliate Members get coverage just by renewing their annual membership fee of S$120.
Peace of mind for only thirty cents a day.
Furthermore, members get access to our collective experience in dispute resolution as well. If it happened to you, it probably happened to one of us too. We can help.
This is a WIN for the PPAS and is something the committee has laboured long and hard to procure.
How much is Full Membership and how do I qualify?
Membership annual fees for Full/Affiliate Members are currently S$120. To become Full/Affiliate Members, the applicant must show a credible level of proficiency in both photography and business practices. Applicants must provide a portfolio of works as well as business documents for review. Find out more about the perks of membership at https://ppas.sg/join/
What to do if I need to make a claim?
Contact the PPAS membership team by email or PM us through our social media channels
What if I’m not sure whether my case can be covered?
Contact the PPAS membership team by email or PM us through our social media channels.
What is the Excess Fee?
The excess fee is S$2,500 for any claim up to S$1,000,000, or whatever the insured sum is. This is an aggregate insured sum, meaning the sum is shared among all insured members. For example, if one of our members successfully claims SGD200,000 then the insured sum will be adjusted to SGD800,000 for the remaining insured period.
Note: Worldwide excluding U.S.A. and Canada (most worldwide PI insurances do not automatically cover these two countries)
What are the Insurance Details?
Policy Type: Professional Indemnity
Limit of Liability: SGD1,000,000 any one claim or in the aggregate
Defense Costs: Part of the limit of indemnity
Excess: SGD2,500 Each and every claim
Sub limits of Liability:
Coverage | Sub Limit | Excess |
Section 1 Insuring Agreement | Full Limit | SGD2,500 |
Section 2 Automatic Extensions | ||
2.1 Vicarious Liability | Full Limit | SGD2,500 |
2.2 Defamation | Full Limit | SGD2,500 |
2.3 Intellectual Property | Full Limit | SGD2,500 |
2.4 Dishonest or Fraudulent Employees | Full Limit | SGD2,500 |
2.5 Loss of Documents | SGD100,000 | Nil |
2.6 Compensation for Attendance | SGD100,000 | Nil |
2.7 Quasi Judicial | SGD100,000 | SGD2,500 |
2.8 Fair Trading Act | Full Limit | SGD2,500 |
2.9 Continuous Cover | Full Limit | SGD2,500 |
2.10 Estate Extension | Full Limit | SGD2,500 |
2.11 Marital and Domestic Partner | Full Limit | SGD2,500 |
2.12 Loss Mitigation | SGD10,000 | SGD2,500 |
2.13 Joint Ventures and Partnerships | Full Limit | SGD2,500 |
2.14 Contractual Liability | Full Limit | SGD2,500 |
2.15 Claims Preparation Costs | SGD25,000 | Nil |
2.16 Cyber Liability | Full Limit | SGD2,500 |
2.17 Emergency Defense Costs | SGD25,000 | SGD2,500 |
2.18 Extended Reporting Period | Full Limit | SGD2,500 |
2.19 Fee Refund / Contractual Fees | SGD10,000 | SGD2,500 |
2.20 Licensee Intellectual Property Rights | Full Limit | SGD2,500 |
2.21 Patent Extension | Not Applicable | Not Applicable |
2.22 Project Delay | Full Limit | SGD2,500 |
2.23 Public Relations Expenses | SGD50,000 | SGD2,500 |
2.24 Automatic Renewal | Not Applicable | Not Applicable |
2.25 Additional Insured | Not Applicable | Not Applicable |
Extended Reporting Period: 50%
Territory: Worldwide
Jurisdiction: Worldwide excluding USA/Canada
Policy Wording: Delta Professional Indemnity Insurance 2017
Currency: SGD
Underwriters: Allied World Lloyd’s Syndicate 2232
Endorsements: Defense Costs Amendment Endorsement