close up of camera lens

Protecting Your Assets With Photo Equipment Insurance

Whether you are starting out or have been running your photography business for a while, it’s important to find the right equipment fit for you. You may spend hours comparing different kinds of gear or maybe even waiting for the right deal to come along.

Gear can range from hundreds of dollars to thousands of dollars. Starting your gear collection or adding something new is an investment in your business and yourself. The best thing you can do to protect these important business assets is to get them covered with Photo Equipment Insurance.

Learn why you should add it to your business.

Coverage Is Affordable Compared to Replacement Costs

Every piece of gear you use plays an important role. Without it, you wouldn’t be able to perform your job and take on future jobs. Imagine if one of your camera lenses cracked before a session or were stolen out of your car.

How much would it cost to replace even one lens… $1000, $2000, $3000?

Inland Marine Insurance, otherwise known as Photo Equipment Insurance, is designed to cover those types of incidents. It may protect your assets (e.g., lenses, lighting equipment, or backdrops) from damage/theft. It will not cover buildings, structures, or anything being transported over water.

Full Frame created comprehensive gear coverage that’s affordable compared to replacement costs. Plus, you can choose how much coverage you need. Full Frame offers coverage as an add-on to our annual general liability policy. Coverage starts at just $55 a year for $1,000 per item/ $5,000 aggregate (the most your policy will pay) to $349 a year for up to $15,000 per item/ $75,000 aggregate.

Coverage Allows for Peace of Mind

We hate to bring it up, but…your gear runs the risk of being damaged or stolen. It’s something you don’t like to think about because you try to be careful during photography sessions. However, it’s always a possibility.

Let’s say your gear gets damaged during your plane ride home from a wedding. It’s certainly every photographer’s nightmare to open up their suitcase and find that their gear is no longer usable. By being proactive with Photo Equipment Insurance, you have coverage in place and can turn to it in your time of need. This alone can give you peace of mind while running your business.

Including gear coverage to your business plan allows you to focus on more important things, such as growing your business and making connections with other creatives. There’s no need to dwell on things that can go wrong, especially when it comes to things being out of your control. Give yourself peace of mind by covering your gear!

Fits Your Business Needs

Full Frame Insurance was created for photographers like you in mind. We understand that your time is valuable and you want to focus your energy on building up the business. It’s a great thing to do! We pride ourselves on being able to make insurance easy to get. All you need to do is fill out our insurance application and choose the amount of Photo Equipment Insurance you want to have. It takes less than 10 minutes to cover your business.

Our policyholders get an online dashboard where you can file a claim, access your digital insurance certificate, and so much more. Annual coverage starts at $129/year and gear coverage starts at $55.

If you have any additional questions about coverage, we are happy to help! Our team of licensed insurance representatives are available via phone, email, and chat.

Author

Related Articles

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.