Insurance for Photographers: What You Need To Know

Bottom line: You need insurance as a photographer. Though it may seem like you don’t because you may think nothing can go wrong, you actually do. When it comes to photography, it’s always best to err on the side of caution and think that Murphy’s Law applies at all times.

Determine the Kind of Coverage You Require

The kind of coverage you require is based on your needs and what you’re specifically doing. For example, when you open a studio or rent office space for your photography business or agency, you’ll need to purchase insurance to cover any possible fires, floods, and other disasters before you’ll be allowed to move in.

Even if you’re working or being a hobbyist from your own home, you’ll typically still require insurance for your client’s belongings and property (home insurance only applies to… your own home). Any insurance policy worth its salt and your money is one that will insure you for damages and also provide legal consultation.

If you’re going to be traveling across state lines or even internationally for shoots, providers usually have international coverage for extra fees, so be sure to ask your provider about this option.

How Much Do You Want to Spend?

It all comes down to budgeting. If all you can afford is one, basic plan, that’s definitely better than nothing, yet if you have a bit of flexibility with your budget, it’s highly advisable to consider various plans to get the best bang for your insurance buck.

While having too much coverage isn’t ever really a bad thing, higher level options do come with costlier deductibles, so you have to be certain that you’ll be able to replace the equipment that’s valued below that deductible.

Understanding What You Need to Make a Claim

Before you ever get to the point of having to make a claim, you should be well prepared to make one. Do this by compiling a list of all of your pieces of equipment, which would include how much you paid, when you bought them, and serial numbers. Such a list is great to have around if your claim is ever questioned or if you’re claiming for a theft.

Treat this list as super-important. It’s recommended that you back up such a list just as you would a client’s files. Make sure your insurance agent gets a copy of this list, too.