In the event of a settlement or a judgment, what kinds of things does the Trust pay for?
For covered claims, the Trust can pay for court judgments as well as the hard costs of an approved settlement. Examples include cash settlements and reasonable expenses related to re-staging an event. Since the Trust is not insurance, it cannot pay for lost profits to the studio or for studio overhead, including a photographer’s time to reshoot an event. Complete details are included in the Trust Agreement.
