Inland marine insurance provides coverage for business property, such as products, tools, and equipment, while it’s in transit over land or stored at an off-site location.
A form of commercial property insurance, inland marine insurance helps photographers and videographers recover the cost of lost, stolen, and damaged items.
Because photo and video shoots take place at different locations, you need a policy that can cover your equipment wherever you bring it. For example, if your camera gear is stolen at the park where you were shooting a wedding, inland marine insurance can pay for the cost of replacement.
This policy usually offers coverage for:
If you run a photography or videography business, you might want to look into adding inland marine insurance to your general liability insurance or business owner's policy (BOP). Bundling policies is one way for small business owners to save money on insurance.
Talk to a licensed Insureon agent about inland marine coverage for your business.
Inland marine insurance doesn’t only pay for stolen items, like a video camera that disappears from a film set. If your equipment is damaged by vandalism or a work accident, this policy will pay for repair or replacement. However, it does not cover general wear and tear.
Not every photo or video company has the same insurance needs. Whatever your profession, our licensed Insureon agents can assist you in tailoring a policy that provides the right protection for your risks.
Most photo and video businesses pay a median of $42 per month for inland marine coverage, but you could pay more or less depending on your risks.
Insurance costs for photo and video professionals are based on a few factors, including:
Inland marine insurance helps replace damaged or destroyed equipment, but it doesn’t protect against other common risks. Photographers and videographers should also consider:
General liability insurance: This policy protects against basic risks involving customers, clients, and other third parties. It can cover accidental damage to a client's property or a slip-and-fall injury at your studio that leads to a lawsuit.
Business owner’s policy: A BOP bundles general liability coverage with commercial property insurance at a lower rate than purchasing both policies separately. If a client is injured at your office or a thief steals your camera equipment, a BOP would cover the costs.
Professional liability insurance: This coverage can pay for lawsuits related to your work performance. For example, if a videographer hired to shoot a wedding misplaces the memory card, it can pay for legal expenses. This policy is sometimes referred to as errors and omissions insurance (E&O).
Workers’ compensation insurance: This policy can pay for medical expenses if an employee is injured on the job. For example, if a photographer falls off a ladder while trying for the perfect angle, workers’ comp would cover their hospital bill. Most states require this coverage for businesses with employees.
Commercial auto insurance: Photo and video businesses that own a vehicle typically must carry commercial auto insurance to comply with state laws. This coverage helps you recover from accidents involving your business vehicle.
Are you ready to protect your business with inland marine insurance or another type of coverage? Complete Insureon’s easy online application today to compare quotes from top U.S. providers. Once you find the right policy for your photo or video business, coverage can begin in less than 24 hours.