My Latitude 7440 has a physical slider switch that covers the camera, in addition to turning it off in a software-detectable way (it shows "no signal" and not just a black screen once the slider is about 50% covering the lens). My only criticism of this is that it's subtle and at a glance hard to tell the difference between open and closed, but I guess you just get used to the slider being to the right.
I was just testing and the white LED comes on when I open something that wants to use the camera, even when the cover is closed. This seems like a useful way to detect something (eg malware) trying to use the camera, and is a good reason to not bluntly cut power to the entire camera module.