The purpose of photography insurance is to safeguard videographers and photographers from significant financial loss, which typically results from either equipment damage or a lawsuit.
Depending on how your business is structured, the appropriate insurance coverage can shield you—or your company—from risks like professional liability, property damage, breach of contract, and workers’ compensation for businesses with employees.
What usually comes with photography insurance?
As a photographer, you have two options for insurance coverage:
you can get a business owner’s policy (BOP) that covers most needs of small businesses or you can choose à la carte to get the coverage you need.
Businesses with few potential liabilities, such as freelancers or hobbyist photographers, typically pay less to use a BOP.
The typical kinds of coverage that fall under the umbrella of “photography insurance” are as follows, but the kind you need will depend on the size of your business:
