Insurance for Photographers at Their Best

Insurance for Photographers at Their Best

Photographers utilize their abilities to transform ordinary images into pieces of art that we have often loved for years. However, there is much more to photography than clicking a few photos. Photographers need extensive photography insurance to safeguard their equipment, including expensive cameras and other accessories. However, they require liability insurance in insurance in the case of an accident or injury and car and professional liability insurance to protect against negligence or incorrect advice.

Photographers who hire staff may additionally need workers’ compensation coverage and increased photography insurance limits. However, how can you choose which forms of photography insurance are most necessary? And how do you choose a provider for this critical coverage? If you want more cash for your photography business you can visit Oak Park Financial which offers $1000 loans bad credit.

Investopedia set out to answer these concerns for you by evaluating the finest photography insurance companies available based on their policies, consumer ratings, and corporate reputation, among other things. As you prepare to safeguard your photography company from financial losses, here are our top-recommended photography insurance firms.

The Best Photographer’s Insurance for 2022 Progressive

  • Thimble is the best choice for one-day coverage.
  • BiBERK is the best option for customizing policies.
  • Hill & Usher are the best for studio owners.
  • Hartford is the best option for employee coverage.
  • BWI Fly is the best option for drone operators.
  • The Most Economical Option: Full Frame Insurance

BEST IN GENERAL

Progressive

While some of the firms on our list are relatively new to the photography insurance sector, Progressive has been around since 1937. Additionally, Progressive allows you to work directly with an agent to tailor your photography business insurance to your specific requirements, but you may also get a quote online. Progressive, a full-service insurance business with a long history of satisfying its responsibilities, also has an A+ financial strength rating from AM Best.

Pros

  • In the United States, we have a long history as a reliable insurance business.
  • You may get a quotation in person or online via a Progressive representative.
  • There are several coverage alternatives available.

Cons

  • Their policies are less adaptable (one-day or shoot-based coverage not offered)
  • You must supply extensive personal and business information to get a free quotation.

Although Progressive is best known for its car and homes insurance products, this top-rated insurance company also provides a variety of commercial and business coverage alternatives. Additionally, Progressive offers its own Progressive Advantage Business Program, which assists companies in obtaining the coverage they need to safeguard their equipment and employees. Progressive was ultimately chosen as our best overall choice given to their extensive corporate history, high reviews, and customizable coverage options.

In terms of photography insurance, they let you customize a policy that covers both general liability and commercial vehicle insurance, which protects you while you drive for business reasons. If your photography studio employs staff, you may additionally buy in workers’ compensation coverage and a Business Owner’s Policy (BOP), which combines general liability and commercial property damage coverage for maximum protection. Additionally, you may adjust your policy and coverage limitations to your business’s size and the kind of events you most often supervise.

Additionally, keep in mind that Progressive provides comparable sorts of possibilities of coverage for filmmakers and that you may personalize your coverage to safeguard your photography and videography equipment and events.

Progressive estimates that the typical customer purchasing coverage via their Progressive Advantage Business Program in 2020 will pay $46 per month for professional liability and $86 per month for workers’ compensation. General liability coverage averaged $53 per month, while professional liability coverage averaged $46 per month.

MOST SUITABLE FOR ONE-DAY COVERAGE

Thimble

Thimble is unusual among photography insurance providers because it allows you to acquire coverage for a single project or on a month-to-month basis. This option enables you to pay for photography insurance just when you want it, and each coverage term may be customized to the specifics of the task.

Pros

  • Purchase coverage for the work or on a month-to-month basis.
  • At any moment, you may pause or terminate your coverage.
  • Each policy has comprehensive safeguards.
  • App with a high rating

Cons

  • A more recent corporation (only founded in 2016)
  • Commercial property is not covered.
  • There is no way to communicate with an insurance representative in person.

Although Thimble was created in 2016, its company insurance coverage is ensured by third-party insurance providers with decades of experience and favorable evaluations. Markel Insurance Company and Global Aerospace, Inc., both of which have an A or higher rating from AM Best, underwrite the policies.23 We picked Thimble due to the flexibility of their photography insurance options, particularly the fact that you are not required to pay for an entire year’s worth of coverage (or even a single month’s worth of coverage) upfront.

Thimble is unique because it allows you to purchase just the coverage you need at the time of need. You may buy monthly coverage, or you can obtain photography insurance on a job-by-job basis.

Each of their products allows for the addition of additional insureds without incurring additional costs or deposits. Subrogation waivers are also included at no additional charge, as are limitless Certificates of Insurance. Thimble’s coverage options include physical injury, property damage to third parties, medical expenditures, defense costs, and errors and omissions (E&O). You may get a free quotation online, and coverage of up to 1 million dollars is available.

BEST FOR CUSTOMIZATION OF POLICIES

biBERK

We selected biBERK because of the simplicity with which its clients may customize their policies to meet their specific demands. While biBERK may not be a big brand, it is a Berkshire Hathaway company.

Pros

  • Create a policy that includes the coverage choices you choose.
  • Berkshire Hathaway Insurance Group is a subsidiary of Warren Buffett’s Berkshire Hathaway.
  • Online quotations are simple to get.

Cons

  • To develop your quotation, there is no way to engage directly with an insurance agent.
  • There is no way to acquire coverage for specific occupations.

As a subsidiary of Warren Buffett’s Berkshire Hathaway Insurance Group, biBERK benefits from the support of a long-standing insurance industry participant, Berkshire Hathaway, founded in 1839 by textile manufacturer Oliver Chace gets the highest possible financial strength grade from AM Best, an A++.4 We selected this firm as the best for policy customization since it allows you to create your policy with the specific coverage choices you want.

Because biBERK allows you to purchase insurance directly, they guarantee prices up to 20% cheaper than their rivals. Additionally, they let you tailor your insurance with specific coverage features.

Photography firms offer workers’ compensation, professional liability (E&O), general liability, property and liability, and umbrella insurance. As well as cyber insurance. Take note that biBERK offers a no-obligation estimate over the phone or online. Additionally, their online claims procedure enables you to submit a claim or make revisions digitally.

MOST SUITABLE FOR STUDIO OWNERS

Usher & Hill

Hill & Usher provides photographic insurance designed exclusively for videographers, graphic designers, and web designers. Their insurance covers the contents of your studio and your camera equipment, liability, and more.

Pros

  • Package Choice is a studio-specific insurance package.
  • You may begin creating a no-obligation quotation online.
  • Optional comprehensive coverage was offered.

Cons

  • Third-party insurers underwrite the policies.
  • There is no possibility to buy coverage for specific occupations.

Hill & Usher is a full-service insurance business that specializes in photography insurance. Take note that Hill & Usher’s policies are insured by various insurance companies, depending on your location, including The Hartford, CNA, Travelers, Zurich, and Firemen’s Fund. Additionally, keep in mind that, although you may begin constructing a free quotation online, you’ll need to contact an agent to determine the cost of a policy with the coverage and limits you choose.

Hill & Usher’s Package Choice was picked for our rating because it offers specialized coverage for photographers who operate their studio, including covering for the structure. Additionally, you may acquire professional liability insurance, covering for cameras and professional equipment, protection for computers and portable devices, business income insurance, and general liability insurance.

Additionally, you may customize your coverage with international camera insurance and insurance certificates for venues and landlords. You may also add identity theft protection to your insurance, which may come in handy if a hacker obtains essential personal information such as your Social Security number.

EXCELLENT COVERAGE FOR EMPLOYEES

Hartford

While Hartford is a respected insurance provider, you should consider whether you have workers or a single proprietor. We picked them for our rating due to their complete coverage for photography studio employees who may be injured on the job.

Pros

  • Numerous coverage choices are available for employees, including professional liability and workers’ compensation.
  • A reputable insurance carrier with a long history of providing high-quality coverage and financial strength
  • You may get a quotation online or speak with an agent directly.

Cons

  • There is no way to acquire coverage for specific occupations.

The Hartford was formed in 1810 and now provides various insurance solutions for your house, vehicle, and business. Additionally, they maintain an A+ financial strength grade from AM Best, indicating their capacity to pay claims. Additionally, Hartford provides broad coverage choices for workers, critical for photography studios with a large crew.

While The Hartford is a beautiful choice for photography insurance regardless of whether you work alone or with a team, they stood out in our rating for their exceptional employee coverage options, including professional liability and workers’ compensation. You may get a no-obligation quotation online, but you can also consult with an agent over the phone or in-person to tailor your coverage.

While employee coverage alternatives are available, The Hartford also provides other photography insurance coverage options, including a Business Owner’s Policy (BOP), general liability insurance, business property insurance, business income insurance, and coverage for computer downtime. Additionally, you may get specialized coverage if you operate a photography company out of your house.

MOST SUITABLE FOR DRONE OPERATORS

Fly BWI

If you photograph using a drone, you may want specialist insurance coverage covering commercial drone usage. BWI Fly complies with this requirement by providing coverage for physical property and liabilities up to $25 million.

Pros

  • Purchase business insurance for your drone.
  • Customize your insurance to meet your specific requirements
  • Maximum coverage of up to $25 million

Cons

  • Without consulting with an agent, you will be unable to get a quotation.
  • It only applies to drones; it does not apply to other devices.

BWI Fly was created in 1977 to provide aviation insurance choices. They presently offer commercial drone coverage insured by other reputable insurance companies such as Global Aerospace, United States Aerospace Insurance Group, and the Old Republic. While you may begin a free quotation online, you’ll need to meet with an agent to finalize your coverage and prices. We picked BWI Fly for our rating because of their strong drone coverage choices, which present unique insurance problems.

BWI Fly provides photographic insurance tailored to drones and their usage, which is becoming more popular in weddings, surveillance, film production, and a variety of other sectors. While liability coverage is available every year, pay-as-you-go and hourly drone plans are also available. These plans include enhanced liability coverage ($500,000 to $25 million), optional physical damage coverage, and coverage for advertising liability. Additionally, your range covers legal defense if you are sued for using your drone for commercial reasons.

BEST FINANCIAL OPTION

Insurance for the Entire Frame

Full Frame Insurance provides photography and videography coverage starting at $59 per event or $129 per year. Your coverage is immediate, and liability claims are not subject to a deductible.

Pros

  • Purchase inexpensive insurance coverage for your employment or the calendar year.
  • Customize your coverage to meet your specific requirements
  • Policy papers are accessible 24 hours a day.

Cons

  • In Iowa, Massachusetts, Rhode Island, and Vermont, this product are not available.
  • Options with less coverage are available.
  • This is a very new firm with just a few published reviews yet.

Insurance Canopy manages this firm, while Partner Veracity Insurance Solutions, LLC underwrites a significant portion of its policies. Full Frame Insurance does not provide detailed quotations or the ability to customize your policy with different add-ons. Rather than that, they give the same primary event and yearly plans for photographers and videographers that begin at $59 per event or a minimum of $129 each year. We picked them based on their insurance price for our rating, even if you only receive minimal coverage in the exchange.

If you’re on a tight budget and simply want little insurance coverage for particular events or year periods, Full Frame Insurance is worth considering. Their event insurance premiums, which start at $59 and last one to three days, cover general liability personal and advertising harm, but not product liability or equipment. In comparison, their yearly policy includes public liability, product liability, and the opportunity to have coverage for photographic equipment or supplies. Annual plans begin at $129 per year and increase the price according to your specific demands.

Take note that gear and equipment coverage might be up to $15,000 per item and $75,000 for the policy length. Liability coverage is available up to a maximum of $1 million per claim and a maximum of $2 million during the policy’s lifetime. Professional liability insurance may pay up to $100,000 per claim and $200,000 throughout the policy’s lifetime.

Final Judgment

If you operate a photography company, having insurance is critical. This is true whether you just want liability coverage or wish to safeguard your equipment, lost business revenue, or even your photography studio. If you have workers, you’ll also need liability protection if they are hurt or you face a lawsuit due to your conduct or carelessness.

In any case, it’s critical to evaluate the top photography insurance providers to determine which ones offer plans that are appropriate for your equipment and business operations. Progressive made our list of the leading photography insurance carriers overall, but we’ve shown that other providers may be a better fit depending on the coverage you want.

What Is Covered By Photography Insurance?

While photography insurance may include various coverage options, the most common are equipment insurance, general liability, commercial motor insurance, property insurance, and professional liability. Additionally, this coverage protects against fire, theft, and third-party incidents. Further, you may get photography insurance to cover your studio and all of its belongings in the case of a catastrophic loss.

What Types of Insurance Are Required for Photographers?

Photographers may have varying insurance requirements based on their company model. The most frequently purchased forms of coverage are as follows:

  • General liability insurance protects businesses against legal actions resulting from accidents, injuries, and other claims.
  • Equipment insurance protects photographers’ cameras, lenses, computers, and other equipment used in their profession.
  • Commercial vehicle coverage: You’ll also need commercial auto coverage if you use your automobile for professional reasons, like driving to or from a photo session.
  • Insurance for the business property should also cover your photography studio (if you have one).

Additionally, you may be required to get additional coverage for employees, such as workers’ compensation. Further, some photographers must get drone insurance or specialized coverage for their high-value equipment.

Elaine F. Brim