- General liability insurance
- Rented property coverage
- Medical expense coverage
- Optional additional insureds
- Camera bodies
- Hard drives
- Lighting equipment
- SD Cards
- And more!
- Collect all of your gear. This includes cameras you use on a shoot, the memory cards you carry, reflectors or lighting stands you own, your camera straps, and your hard drives. If you feel the primary purpose of a piece of equipment is for your business, then you’ll want to insure it.
- Calculate the replacement cost of each piece. This is pretty easy to do. Find out the current price of every piece you’re trying to insure by doing a quick Google search. Or, if you have recently purchased the gear you’d like to insure just add up all the receipts for the equipment you bought.
- Do some math. You’ll want to add up the total worth of your gear. Say you decide that to replace everything you own would cost roughly $9,000, and that’s just the pricier stuff that would be a pain to replace on your own. With that price in mind, you’d want to purchase the second tier insurance option because then each item you insure is covered for up to $2,000 in replacement costs and the max your insurance would payout would be $10,000, the total to replace everything you own.
- You give yourself peace of mind that if something were to happen to your precious cargo, your business doesn’t take a huge hit.
- You let clients and future clients know that you are a professional who understands the risks of their business.
- You have photography business insurance in place, assuring you that if bodily harm or property damage were to occur then you have coverage in place in the case of a lawsuit.
You’ve heard it before and we’re here to remind you once more: you should really be insuring your camera gear with camera gear insurance.
Did you know that if more than 50% of your income stems from your photography business then your gear is likely not covered by your homeowners or renters insurance policy? How bummed would you be if someone broke into your home and not only busted a window but also snatched up all your business equipment?
Would you be able to replace everything using your own money? If you have a business, would you be able to go on with your day-to-day operations without the missing gear?
What if, while on a shoot, you drop your favorite camera and shatter the body. Would you be able to replace it out of pocket right there and then?
A lot of the time, the answer to these questions is a deafening, “No.”
The best thing you can do for your photography business is to purchase and carry camera gear coverage for all of your equipment on top of your photography insurance.
You might think camera gear insurance is super complicated, but that is not the case at all!
We’re here to explain camera gear insurance, what it is, what gear is covered, its benefits, and how you can prepare to purchase by calculating the worth of your gear.
Let’s jump in.
What is Camera Gear Insurance?
Camera gear insurance is designed to cover your cameras, lenses, lighting equipment, and other photography gear on and off premises and during transportation. This means that if something were to happen to your gear while on the job or while in transport you could likely file a claim and have the replacement or repair costs covered.
Camera gear insurance is essential in any photography business due to the risks associated with owning very expensive equipment. From traveling freelancers to stationary in-studio photographers, you should always do business with camera gear insurance in hand.
We insure our vehicles, right? Doesn’t your DSLR deserve the same kind of love?
Plus, when you purchase an annual photography insurance policy with the added camera gear endorsement you are covered with many other coverages. These coverages include:
If you’re looking for clarification on what any of those coverages mean and what they would cover, head over to our post on navigating the world of photography insurance where Full Frame has detailed that all for you.
Is My Gear Covered?
You might be wondering, “What camera gear is covered?”
Full Frame Insurance covers equipment that is used primarily for your business. They may cover:
As long as the photography equipment you are trying to insure is used for business purposes, then Full Frame may insure it.
How Much Camera Gear Coverage Should I Have?
In short, enough.
Full Frame Insurance offers tiered pricing, so there’s an option for everyone. If you’re just starting out in the photography industry and only own a single camera and maybe a few lenses, then you’re obviously going to need a lot less insurance than the individual who has accumulated multiple cameras and an assortment of gear over the years.
The best part about camera gear insurance is the price—you can’t beat Full Frame! Starting at just $55 on top of an annual insurance policy, you could give yourself peace of mind knowing that if an unfortunate were to happen to your gear then you could be insured for the replacement or repair costs of the item. For one flat fee, you get camera gear insurance for one full year. A $250 deductible applies to all plans.
“Awesome, how do I know which option to go with?” We’re glad you asked!
In order to figure out what tier of insurance to purchase, you should follow these easy steps.
With Camera Gear Insurance…
Don’t leave your camera gear vulnerable while snapping shots. Full Frame Insurance offers photography insurance and camera gear insurance that is framed perfectly for photographers. From portrait photogs to wedding photographers, Full Frame has a plan for everyone.