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How Much Does Photography Insurance Cost?

As a business owner you want to do what is best for your business. From researching the latest trends to creating strong connections with your clients, you are trying to make smart decisions for your business. But what about insurance? Is your business insured?

In addition to making sure your business is functioning smoothly, it’s important to make sure your business is protected. So that raises the question, how much does photography insurance cost? To shine a little light on the subject, we have put together a guide that breaks down the costs and benefits.

 

What is Photography Insurance?

Before we can begin, it is important to know what photography insurance is.

It can protect business owners from claims that may arise from running a business or interacting with customers. With a specialization in small business, Full Frame offers individualized insurance for your needs. This includes general liability, camera and equipment coverage, damage to rented premises, Professional liability, and Cyber Liability.

Who We Insure

Full Frame insures Commercial, Freelance, Special Event, Portrait, Real Estate, Travel, and Wedding photographers. Follow the link below to see all types of photographers we cover.

Who We Cover

How Much Does Photography Insurance Cost?

Now that we learned what it is, let’s move on to how much it costs.

Our photography insurance is broken down into three categories: Event, Annual Plus, and Annual.

Event

$59 / 3 days

Coverage limits:

  • Up to $2M coverage,
  • $1M in personal and advertising injury,
  • Each occurrence limit of $1M
  • Damage to premises rented by you – $300K
  • Medical Expense Limit – $5K

Annual Plus – called annual plus because it has general liability insurance plus camera equipment coverage

$184 / Year

Coverage limits:

  • General Aggregate limit – $2M
  • Products – Included
  • Personal & Advertising injury limit – $1M
  • Each occurrence limit – $1M
  • Damage to premises rented by you – $300K
  • Medical Expense limit – $5K

Annual

$129 / Year

  • General Aggregate Limit – $2,000,000
  • Products – Completed Operations Aggregate Limit – Included
  • Personal and Advertising Injury Limit – $1,000,000
  • Each Occurrence Limit – $1,000,000
  • Damage to Premises Rented to You Limit (Any One Premises) – $300,000
  • Medical Expense Limit (Any One Person) – $5,000

Pricing

  • $0 – $100,000 in Annual Sales – $129
  • $101,000 – $200,000 in Annual Sales – $209

Camera Equipment Coverage

*Not available with event coverage

Coverage limits:

  • $1,000 per item/$5,000 aggregate – $55
  • $2,000 per item/$20,000 aggregate – $130
  • $5,000 per item/$30,000 aggregate – $142
  • $10,000 per item/$60,000 aggregate – $275
  • $15,000 per item/$75,000 aggregate – $349

Included in both annual and annual plus policies is rented spaces coverage. Do you rent out studio space? What about event booths? If so, this coverage is for you. Protect your business from cost of claims that arise from damages done to rented spaces.

Additional Coverage Options

In addition to these insurance plans, business owners can add additional coverages based on their individual business needs. Additional coverage includes damage to rented premises and Cyber Liability.

Camera and Equipment Coverage

Your camera is an incredibly important part of your business and you’ve spent a lot of money on your equipment, so why leave it up to luck to keep your camera and equipment safe? From simply dropping your camera, to your equipment getting stolen, why take that risk? Camera and Equipment coverage is a great idea to keep your business safe.

General liability coverage can protect your business from the cost of third-party bodily injury and property damage claims. It also protects against the cost of copyright infringement claims. In addition, it protects against the cost of personal and advertising injury claims.

This type of coverage can protect you from the cost of having to replace damaged or stolen. It also protects against claims that occur on a job or at home.

Cyber Liability

If you store information online, on a tablet, or on a mobile device, that information is susceptible to malware and hackers. Protect your business from the cost of first and third party claims that arise from a breach in cyber security.

Cover Your Business Today

You know how the saying goes, “Knowledge is power”. Now that you know the cost of photography insurance, you can feel confident in deciding what would work best for your business. Don’t wait any longer to cover your business and get the coverage you need today.

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Cyber Liability

Cyber liability insurance protects your business from the cost of first- and third-party claims that arise from a cyber security breach within your business. Cyber crime has become a common threat for businesses both big and small. If you collect or store business information online on a computer, tablet, or mobile device, we highly suggest including this additional protection to your policy.

Professional Liability

Professional liability insurance can protect your business from the cost negligence claims that arise from professional errors and omissions, like giving bad instruction or failing to provide necessary information on a subject. If you teach classes or run demonstrations as part of your business, we strongly recommend this additional coverage option.

Additional Insureds

When you add a person, event, or organization to your policy as an additional insured, they receive protection if they are named in a suit due to a covered business-related loss/claim because of your actions or operations.

Additional insured status cannot be granted to a friend or co-worker as an extension of your policy. Each individual must purchase their own policy to obtain liability coverage.

A written contract, such as a venue, studio rental, or employment contract is required to add another party as additional insured.

General Liability

General liability insurance can protect your business from the cost of third-party bodily injury and property damage claims, like if a client trips on your business equipment and injures themselves. It also protects against the cost of copyright infringement claims, personal and advertising injury claims, and more.

Damage To Rented Premises

This coverage can protect your business from the cost of claims arising from damages done to rented spaces, like a studio or event booth. It’s common for property owners and event organizers to require businesses to list them as additional insureds on a policy before renting a space. Full Frame provides unlimited additional insureds for just $30.

Camera Equipment Coverage

Also known as inland marine insurance, camera equipment coverage can protect your business from the cost of repairing or replacing damaged or stolen business equipment—including camera bodies, lenses, lighting equipment, and more. Our policy can protect against claims that occur at home, on a job and anywhere in between. Full Frame offers multiple coverage options for equipment insurance based on your business needs.