Most individuals who engage in photography as a business venture aren’t doing it out of a cold, calculated desire to make money; it’s usually a situation where a fondness for an artistic pursuit has crossed paths with a way to make a living–or at the very least, a little extra money.
While it’s the best of all worlds to be able to earn money doing something you enjoy (and are presumably good at), the ideal situation would be one where that business has the means to continue for a long time…that’s where photography insurance comes in.
Researching photography insurance isn’t as fun as planning out your next wedding shoot, or offering new parents the chance to capture their infant’s cozy first weeks at home professionally, but it is necessary if you’re accepting money for taking pictures. (And you should probably know a little bit about photography insurance even if you’re only doing it for friends, “for fun”.)
You may already have a basic photography insurance plan in place, or you might be starting a new business, and trying to figure out exactly what you need, and how much it’s going to cost. Answering those questions will require answers to other questions, such as…
- Type of photography. Are you simply shooting quinceaneras? Contracting with magazines? Going to clients’ homes? Your photography insurance is based on the type of photography you’re doing.
- Additional services. Do you offer videography? Drone photography? Do you provide lighting? Editing?
- Mobile or Studio? If you have a physical studio, your photography insurance can cover the property.
If you’ve been in operation for a while, and have a current photography insurance policy, you may want to investigate other options and get a few quotes to see if you can economize. It’s always good business to make sure you’re maximizing your profits, but the best business is making sure that unplanned events don’t derail your dream. When you look at your existing photography insurance, examine the types of risks it covers, and ask yourself if you need to expand it, rather than try and whittle it down.
Photography is rewarding, but it’s also quite a carrier for risk. Whether it’s props and lighting, in a studio or on location, or the possibility of damages while in a client’s home due to negligence or simple accidents, you don’t want to lose the unique opportunity you have because an unforeseen risk wasn’t covered by an available photography insurance policy or add-on.
Call today to speak with one of our insurance professionals at 1-877-907-5267, and see what kind of photography insurance is right for your business, or click here to start the process for getting your quick, free, competitive quote.