Equipment Insurance – Everything You Need To Know


From the lens of a photographer to the brushes of an artist, equipment is the lifeblood of many creative professions.

Protecting these valuable tools becomes a priority for any artist, photographer or creator. That's where equipment insurance steps in, acting as a shield against unexpected damages, thefts or losses.

Understanding Equipment Insurance

Equipment insurance is designed to protect and cover the cost of repairing or replacing your professional equipment if it gets damaged, stolen or lost.

Think of it as a safety net for the tools that power your creative endeavours.

The Importance of Equipment Insurance

For creative professionals, equipment isn’t just about its monetary value. It's also about the time, energy and opportunities lost when a vital piece of equipment is out of commission.

Having the right insurance ensures you can get back to work without significant downtime or financial stress.

Equipment Insurance Typically Covers

  • Theft: Cover if your equipment is stolen, either from your workplace, vehicle, or even while traveling.
  • Damage: From minor damages to significant ones, insurance can cover repairs or replacements.
  • Loss: Sometimes things get misplaced, especially during transit. Insurance can cover such unforeseen losses.

How Much Does Equipment Insurance Cost?

Several elements can influence into the cost of equipment insurance:

  • Value of equipment: The higher the value, the more the insurance might cost.
  • Cover limit: The maximum amount the insurance company will pay in case of a claim.
  • Deductible: The amount you agree to pay yourself before the insurance kicks in.
  • Location and usage: Equipment used in riskier environments might have higher premiums.

Do You Need Equipment Insurance?

If you are wondering whether you need equipment insurance then consider the following factors:

  • If your equipment is expensive and would be tough to replace, insurance might be a good idea to make sure you can carry on working if something should happen to your kit.
  • If you frequently use and transport your equipment, there's a higher risk of damage or loss.
  • Do you work in areas prone to risks? For example, a photographer shooting in rugged terrains might be more exposed to equipment damage.

Working in the creative industries can be a thrilling, vibrant and filled with moments of genius. But, the tools and equipment that aid this process are vulnerable.

Equipment insurance acts as a protective layer, ensuring that even if there are bumps along the way, your creative journey remains uninterrupted.

Written by

Luke Glassford

Marketing Director

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Your craft deserves the best protection. With Mode Insurance, you're not just getting coverage -  you're gaining a partner who understands and supports your creative journey.