Several factors contribute to the cost of video and photography business insurance, such as your level of risk and equipment value. Cost estimates are sourced from policies purchased by Insureon customers.
Videographers and photographers pay a median of $23 per month, or $275 per year, for general liability insurance. This policy covers third-party property damage and bodily injury, along with advertising injury.
Insureon’s licensed agents recommend a business owner’s policy (BOP) over a standalone general liability policy. A BOP combines general liability insurance with commercial property insurance to protect your cameras and other gear, and costs less than purchasing each policy separately.
Policy limits determine how much your insurer will pay on covered claims. The per-occurrence limit is the maximum your insurer will pay for a single incident, while the aggregate limit is the maximum your insurer will pay on any claims during your policy period, typically one year.
Most photo and video businesses (96%) choose general liability policies with a $1 million per-occurrence limit and a $2 million aggregate limit. As your small business grows, you may need to expand your policy limits.
Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.
Photo and video professionals pay a median of $43 per month for a business owner’s policy, or about $520 annually. This policy combines general liability insurance with commercial property insurance, typically at a lower rate than if the policies were purchased separately.
A BOP provides financial protection against third-party injuries and property damage, along with damage to your own business property. Because of its increased coverage and affordability, it’s the policy most often recommended by Insureon’s licensed agents.
Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.
Photographers and videographers pay a median of about $53 per month, or $639 per year, for professional liability insurance.
This policy, also known as errors and omissions insurance (E&O), covers legal costs for professional mistakes. It protects you if a client sues you for failing to finish editing a commercial on time, or losing a memory card of wedding photos.
Among photo and video businesses that purchase professional liability insurance with Insureon, 33% pay less than $500 per year and 29% pay between $500 and $1,000 per year. The cost depends on the services you offer and the level of risk for professional liability lawsuits.
Most photo and video businesses (58%) choose professional liability policies with a $1 million per-occurrence limit and a $1 million aggregate limit.
Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.
Photo and video businesses pay a median premium of about $55 per month for workers’ compensation insurance, or $662 per year. Policy cost is determined by the number of employees and their occupational risk, among other factors.
Workers' comp helps cover medical bills and partial lost wages when an employee suffers a work-related injury or illness. To meet state requirements and avoid penalties, photography studios and video production businesses with employees typically must carry this coverage.
Sole proprietors should also consider carrying workers' comp, as health insurance can exclude coverage for work-related injuries.
Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.
Insureon’s photo and video business insurance agents work with top-rated U.S. carriers to find the best coverage for your business. Apply today to compare quotes with one free online application. Work with an account manager specializing in the unique risks of your profession.