How Much Is Business Insurance
for Video Production Studios?

Why do you need video production studio insurance? Loose wires, wobbly ladders, difficult clients, hard drive crashes — each of these scenarios could lead to an accident or lawsuit that could end up costing your business money. Fortunately, video production studio insurance covers legal bills and lawsuit damages that could otherwise bankrupt your business.

Premiums vary for each policy and each business, but they generally range between $400 and $2,500 in annual costs. Let's look at a few sample insurance quotes.

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

Note: The cost estimates below are only ballpark numbers. Actual costs may vary.

HOW MUCH IS
General Liability Insurance?

What Does General Liability Insurance Cost?

General Liability Insurance pays for third-party lawsuits over property damage and injuries. Let's say you're filming video for a client's commercial. While walking around the set, the client trips over a dolly, falls, and dislocates his shoulder. If the client sues you, you could be on the hook for tens of thousands in medical costs, lawyers' fees, and damages. Fortunately, General Liability Insurance covers bodily injury lawsuits from clients, vendors, and other third parties.

General Liability Insurance for video production and editing studios typically costs $425 to $440.

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

Median policy premium:

$425 - $440

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

Varies

HOW MUCH IS
a Business Owner's Policy?

How Much Does a Business Owner's Policy Cost?

A Business Owner's Policy bundles two policies — General Liability and Property Insurance — giving small business owners a way to get two video production studio insurance policies for a discount. BOP Property Insurance will cover your studio's cameras, lighting equipment, dollies, soundboards, computers, and other video equipment. When your commercial property is stolen, damaged in a fire, or lost due to other covered events, BOP insurance can reimburse you.

A Business Owner's Policy for a video editing studio typically ranges between $500 and $884.

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

Median policy premium:

$500 - $884

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

$250

Property Insurance coverage note: If you film on location frequently and must travel with your equipment, ask your insurance agent about Inland Marine Insurance, which covers your property from damage and theft that occurs when it's not at a business's premises.

HOW MUCH IS
Professional Liability Insurance?

How Much Is Professional Liability Insurance?

Errors and Omissions Insurance protects video production and editing studios from the cost of lawsuits about their work. If a client has a problem with the way a video turns out, E&O could pay your costs in a lawsuit. In addition to suing you for fees, clients can sue for lost revenue if they think a commercial video didn't generate enough sales or hurt their reputation. E&O shields your business from the cost of these lawsuits and others over poor editing, miscommunications, and missed deadlines.

Video production studios typically pay $792 to $1,375 for Errors and Omissions Insurance.

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

Median policy premium:

$792 - $1,375

Median policy limit:

$1,000,000

Median policy deductible:

$1,000

HOW MUCH IS
Workers' Comp?

How Much Is Workers' Compensation?

State laws usually require video production studios to have Workers' Compensation Insurance. This insurance covers your employees, gaffers, grips, and studio technicians, paying for medical costs and lost wages when they're injured in workplace accident. If a gaffer slips from a ladder while hanging a light, Workers' Comp can cover her injury and rehabilitation costs.

Workers' Comp typically costs $891 to $2,482 for video editing studios.

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

Median policy premium:

$891 - $2,482

Per claim limit:

$500,000

Median policy limit:

$500,000

Median policy deductible:

None

Free Quotes: Video Production and Editing Studio Insurance

For free quotes on video production and editing studio insurance, fill out an online insurance application.

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