I got a State Farm business policy that covers 300k liability and 10k equipment damage/theft, whether it is me accidentaly dropping a camera, or a client knocking over a light stand, etc. with a $500 deductible. The total annual cost is in the low $200 range. I was worried about someone knocking something over at a wedding shoot, or someone walking off with some of my equipment if I was distracted or travelling, etc. Not a bad cost for piece of mind.
This policy protects me when I travel, which homeowners insurance will not, and also the homeowners wouldn't cover that much camera equipment without additional riders put on it, which would cost more anyway.
Has anyone looked into a 'LLC' - Limited Liability Corporation? I was considering it, since it is less hassle than fully incorporating.
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