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| p.1 #7 · Insurance Question from Quasi-, Semi-professional |
The $650 p.a. rate for professional photography insurance is in line with what I pay in Canada; which is $850 p.a. for $50k equipment coverage. This is expensive when you don't make much income from photography, but you have to appreciate that it includes significant coverage for professional liability, as well as (usually) for premises where the business is situated, and for no-fault gear coverage both "at home" and during national and international travel.
OTOH, adding the equipment to a domestic policy only works 'properly' for amateur photographers, as it's only for gear, and does not cover liability associated with what you might do or not do while taking photos, that might cause harm to other people.
The prohibition against making income when gear is insured on a doemstic home policy is probably related to the distinction between amateur and professional. If you're in the middle, you don't fit either model very well. You could consider that your meagre income from photography can at least cover professional insurance, and get appropriate coverage. Have you ever considered what would happen if you dropped a lens on somebody's head from a shooting position above that person? With professional insurance, you'd be covered.