How Much Does Photography Insurance Cost
for Photography Studios?

A: With all the time and money you spend growing your business, investing in new cameras and photography equipment, and building relationships, it's vital for you to get photography studio insurance that will protect your company from lawsuits, stolen gear, and workplace accidents.

The following sample insurance quotes provide you with a rough estimate that shows the typical annual premiums other photography studios pay for their coverage.

To see how the cost of Photography Insurance compares with other industries, visit Insureon's 2014 Business Insurance Cost Analysis New browser window icon..

Note: Quoted premiums are estimates only. Actual costs may vary.

HOW MUCH IS
General Liability Insurance?

What Does General Liability Insurance Cost?

General Liability Insurance covers third-party lawsuits over property damage and injuries that occur at your studio or while shooting on location. Say a family is taking a portrait in your studio. What would happen if the stool the father is sitting on breaks and he comes crashing to the floor? Injury lawsuits — whether they're slip-and-fall accidents or occur during a shoot — can all be covered by General Liability Insurance, which will pay your legal costs and damages owed to injured parties.

General Liability Insurance for the typical photography studio costs $350 to $425.

Average Premiums, Deductibles and Limits on General Liability Insurance Policies for Photography Studios
Name USD

Median policy premium:

$350 - $425

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

Varies

HOW MUCH IS
a Business Owner's Policy?

What Does a Business Owner's Policy Cost?

A Business Owner's Policy contains both General Liability Insurance and Property Insurance. In addition to GL's lawsuit coverage, you'll be able to insure your cameras, equipment, and technology. The best part about BOPs is that they usually cost less than buying GL and Property separately. You'll get a discount on two important policies.

A BOP for a photography studio typically costs $500 to $526 in annual premiums.

Average Premiums, Deductibles and Limits on Business Owner's Policies for Photography Studios
Name USD

Median policy premium:

$500 - $526

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

$250

HOW MUCH IS
Professional Liability Insurance?

How Much Is Professional Liability Insurance?

When a customer sues you because they're unhappy with your work, Errors and Omissions Insurance can pay your legal costs in a lawsuit. Why would a customer sue a photography studio? Commercial clients could sue you if promotional photos didn't generate new business. An up-and-coming actor could sue you if her headshot doesn't get them a role. A high-strung family could sue you if they think you bungled their baby's photos. E&O covers these lawsuits and others over missed deadlines, botched orders, and other mess-ups.

The typical Errors and Omissions Insurance for a photography studio costs $320 to $390.

Average Premiums, Deductibles and Limits on Professional Liability Insurance Policies for Photography Studios
Name USD

Median policy premium:

$310 - $390

Median policy limit:

$250,000

Median policy deductible:

$1,000

HOW MUCH IS
Inland Marine Insurance?

What Does Inland Marine Insurance Cost?

Inland Marine Insurance covers your business property while it's in transit. For a photography studio, this coverage is important because it protects your cameras, lighting equipment, and other property when you use it on location for various shoots. If your property is stolen or damaged while you are using it in a location other than your studio, Inland Marine would reimburse you for your losses.

Inland Marine Insurance for a photographer typically costs $588 to $1,206.

Average Premiums, Deductibles and Limits on Inland Marine Insurance Policies for Photography Studios
Name USD

Median policy premium:

$588 - $1,206

Median policy limit:

$34,455

Median policy deductible:

$10,000

HOW MUCH IS
Umbrella Insurance?

What Does Umbrella Insurance Cost?

Umbrella Insurance gives photography studios $1 million in extra lawsuit coverage that they can use for General Liability, Hired and Non-Owned Auto Liability, and Employer's Liability lawsuits.

Umbrella Insurance typically costs $404 for photography studios.

Average Premiums, Deductibles and Limits on Umbrella Insurance Policies for Photography Studios
Name USD

Median policy premium:

$404

Median policy limit:

$1,000,000

Self-insured retention:

$10,000

HOW MUCH IS
Workers' Comp?

How Much Is Workers' Compensation?

Photography studios that have employees often need Workers' Compensation Insurance in order to meet their state requirements as an employer. Workers' Comp (also called Workman's Comp) pays medical bills and lost wages if an employee is injured on the job or develops a work-related illness.

Photography studios typically pay $968 to $2,438 for Workers' Compensation Insurance.

Average Premiums, Deductibles and Limits on Workers' Compensation Insurance Policies for Photography Studios
Name USD

Median policy premium:

$968 - $2,438

Per claim limit:

$500,000

Median policy limit:

$500,000

Median policy deductible:

None

Free Quotes on Photography Insurance

For free quotes on business insurance for photographers, submit an online insurance application and let insureon's photography insurance professionals customize an insurance policy for your business.

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