Insurance: I am interested in a brief summary about both liability insurance for professional photographers, and insurance of equipment, the latter to cover robbery, and other painful...

PNagy Loc: Missouri City, Texas

I am interested in a brief summary about both liability insurance for professional photographers, and insurance of equipment, the latter to cover robbery, and other painful ways it might be lost or damaged. Name the company you think is good, explain briefly why, and tell me what it costs annually.

I have posted a few questions seeking information and advice before and always found the group to give me very good counsel. Thanks in advance for whatever you send me on this issue.

Frapha Loc: Tulsa, Oklahoma

First, I'm speaking as a retired Commercial Underwriting Manager with a large Property & Casualty company, who specialized in commercial accounts (43+ years). Your costs will vary widely from state to state. General Liability coverage will be based on gross annual sales or receipts combined with the limits you select. The coverage for your equipment (the proper name is an Inland Marine floater/policy) will be based on insured values and the deductible you choose. If it's business use (i.e., you earn income ANY INCOME) you cannot cover it as part of or an extension from your homeowners policy. Your best option is to find a good agency in your area who represents several companies and ask for a quote.

PNagy Loc: Missouri City, Texas

Frapha wrote:

First, I'm speaking as a retired Commercial Underw... (show quote)

Thanks.

Wall-E Loc: Phoenix, AZ

PNagy wrote:

I am interested in a brief summary about both liability insurance for professional photographers, and insurance of equipment, the latter to cover robbery, and other painful ways it might be lost or damaged. Name the company you think is good, explain briefly why, and tell me what it costs annually.

I have posted a few questions seeking information and advice before and always found the group to give me very good counsel. Thanks in advance for whatever you send me on this issue.

PPA (http://www.ppa.com/) includes liability and $15k lost/stolen equipment coverage as part of their annual membership. Well, the liability (Malpractice Protection) is a $50, not removable item for portrait and wedding photogs.

You'll still need general/business liability coverage.

PNagy Loc: Missouri City, Texas

Wall-E wrote:

PPA (http://www.ppa.com/) includes liability and $15k lost/stolen equipment coverage as part of their annual membership. Well, the liability (Malpractice Protection) is a $50, not removable item for portrait and wedding photogs.

You'll still need general/business liability coverage.

Thank you.

Gronka

If you qualify try USAA

sixshooter Loc: constitution state

Allstate, Connecticut, 3 million in liability, $50,000.00 rider on equiptment/Studio (not building,just contents). Just over $1,000.00 per year.

brucewells Loc: Central Kentucky

Frapha wrote:

First, I'm speaking as a retired Commercial Underw... (show quote)

I recently added my equipment on an Inland Marine rider and what you say above is exactly what my agent of 30 years told me. I trust him explicitly.

I was a bit surprised at how inexpensive it was.

Frapha Loc: Tulsa, Oklahoma

brucewells wrote:

I recently added my equipment on an Inland Marine rider and what you say above is exactly what my agent of 30 years told me. I trust him explicitly.

I was a bit surprised at how inexpensive it was.

It's inexpensive if you're not in business (earning any income), but cost goes up substantially if it's a business (earning income).

CHG_CANON Loc: the Windy City

I've seen several mentions that 'in business' is considered "yes" if you have ever even offered something for sale regardless of whether it ever sold and the sale amount ...

Frapha Loc: Tulsa, Oklahoma

CHG_CANON wrote:

I've seen several mentions that 'in business' is considered "yes" if you have ever even offered something for sale regardless of whether it ever sold and the sale amount ...

That's correct -- it's all based on income (not profit) and "business use".