If you use your camera for commercial purposes, it would be best if you get a commercial plan but what if you only occasionally use your camera equipment and your entire income does not come from it? Many photographers generate some revenue from their work –whether you get your income solely from photography or get a portion of it from it, getting a commercial policy is recommended. Commercial policies are expensive though but do not jump into one policy just yet before you have talked to a handful of insurers.
Many insurers would tell you that since you only use your camera equipment from time to time to generate some income, a personal policy would be enough while other insurers will say that it would be best to get a commercial policy. The question is, who would you listen to?
Talking to a number of insurers would help you arrive to a sound decision and may even get you the best deal. Remember however that you should not misrepresent your information or else you will be denied coverage.
If photography is not just a hobby to you but a source of living, getting a commercial plan is a must. Unlike a personal policy or a floater, a commercial plan would be able to cover general liability, workers compensation, commercial property, commercial automobile coverage and to things like umbrella liability. This is a very good deal because your insurance policy will be able to cover for loss of income due to the loss of your camera equipment. Most floaters in homeowner policies have rather rigid limitations making it impossible for you to get enough money to cover lost income and not enough money to cover for the equipment as well. The bottom line is, you should read the fine print on every policy you are being offered to make sure that it will not be you who will suffer in an event that your camera equipment is lost, damaged or stolen.