What specific kinds of insurance do studio and commercial photography businesses usually need?
A. Equipment Breakdown – This insurance covers the cost to repair or replace equipment such as computers, lights and projectors. Business Interruption – This covers loss of income due to a fire, act of vandalism, or other damage to your property that forces you to temporarily close. Your lost income will be paid until you are up and running once again. Accounts Receivable Insurance – Provides coverage in the event your accounts receivable records are damaged or destroyed. Flood Insurance – Nationwide doesn’t offer flood insurance, but your agent can connect you to the National Flood Insurance Program, the government-sponsored insurance that offers up to $500,000 in coverage.
