On the surface, you as a photographer are an artist. Below the surface, you’re a renegade perfectionist out to conquer the world one invoice at a time. Like you, photography business insurance multitasks, protecting your business from the damage caused by thieves, Mother Nature, human error, and lawsuit-happy customers.
So if you wanna keep capturing the finer things in life, finding the right photography insurance is pretty important. Our independent agents know the ins and outs of photography insurance and will help you find the protection you need to keep your focus. (Pun intended).
What Is Photography Business Insurance?
In short, photography business insurance is a souped-up business owners policy that not only covers your camera, lenses, computers and other equipment, but also provides liability insurance for when gigs go wrong, photos are ruined, and clients are livid.
Why Do I Need Photography Business Insurance?
Photography equipment is expensive, portable and delicate—a prime target for thieves and Murphy’s Law mishaps. It’s a mega-bummer to lose this stuff when photography is only a hobby, but if it’s your main source of income, it can tank your whole life if it doesn’t get replaced, fast. Insurance payouts help you do that.
Insurance is especially important if you shoot weddings, proms, award shows and other once-in-a-lifetime events. If your photos come out wrecked, you don’t get a do-over. Clients could sue, and without insurance, you’re on the hook for that money.
Still don’t know if photography business insurance is right for you? Here are a few tells that it’s time to line up a policy, stat:
- You have a studio: Studios mean more equipment that can get damaged or stolen and more customers who can sue.
- You have top-of-the-line equipment: It might be possible to replace low- to mid-range stuff out of pocket, but once you’re working with an industry gold standard, it’s time to insure it.
- You have (or want) big-name clients: Many clients—think major businesses and headliner events—won’t work with you if you don’t have insurance.
- Photography is a primary source of income: If your photography business is a side hustle, you might be able to get by without insurance, making ends meet with your day job. Not so if photography is your day job.
What Does Photography Business Insurance Cover?
Photography business insurance is usually sold as part of a bundle of business and liability insurance policies suited for most photography businesses. This sweet blend of coverage can pretty much protect anything your business needs to function.
Here are the photography insurance highlights:
- Damage: Fire, natural disaster, accidents and other party poopers that damage your equipment or studio.
- Theft: Cameras and laptops attract thieves like milkshakes bring boys to the yard—theft coverage has your back.
- Lawsuits: Protects you from quick-tempered customers, whether you actually screwed up or they had a bad hair day you were unlucky enough to document it.
- Injuries and other mishaps in studios: If someone trips over a power cord and breaks a leg, this type of coverage pays for hospital bills, so you don’t have to.
What Other Steps Can I Take To Protect My Photography Business?
Lock your stuff up when you’re not using it, keep a travel log so you know exactly when things went missing or got damaged, and use written contracts for clients, so everyone knows what they’re agreeing to. These things make it easier to get insurance, and you should be doing them anyway—that’s a win-win!
How Much Does Photography Business Insurance Cost?
It depends on your photography business’s size and risk. Side-hustle photographers whose income is low because they only shoot birthday and retirement parties every other weekend will likely pay only a few hundred dollars in premiums each year.
On the other hand, if you’re a full-time globe-trotter who only documents royal weddings and rare volcano eruptions, your premiums could be in the thousands.
What’s So Great about an Independent Agent?
Independent agents simplify the process by shopping and comparing insurance policies and rates for you. Not only that, they’ll explain all the nitty gritty bits in human terms, so you know exactly what you’re getting.
Plus, they’re the only agents who can work with multiple carriers, which gives you more options for finding ideal photography insurance. Most importantly, they've got your back and will help you when claim time comes.
Comparing Photography Business Insurance Quotes
Our gifted agents work with you one-on-one to evaluate your needs and find the photography business coverage that’s perfect for you. They’ll compare policies and quotes from multiple insurance companies to make sure you have the protection you need at the right price. So you’ll have that going for you.