October 16th, 2016
Jessica in NC/SC asked:
Do real estate photographers need to get bonded to do real estate photography? If so, what kind of bond would your recommend for NC and SC?
Blog reader Ken answered your question quite well in a comment to a similar question a couple of years ago as follows:
I wouldn’t worry about getting bonded unless you have a customer that specifically requires it and they are paying well enough to cover the cost. Bonding covers the customer in the event of the bonded individual being convicted of a criminal act against the customer, ie; stealing, where standard commercial insurance does not cover criminal acts by the insured. The bonded person is responsible to the bonding company for any money paid out, so it’s not like insurance.
There are all sorts of bonds. Contractors often have to post a completion bond to guarantee that a job will be completed and sometimes a performance bond to guarantee that a job’s milestones will be completed on time. Occasionally, there will be requirements for bonds that guarantee that the materials a contractor uses are compliant with the job specifications.
I doubt there are any special requirements for real estate photographers in NC and SC.
I do suggest that real estate photographers carry business liability insurance.