<p>Hello friends, thanks for all the helpful advice on this forum! I've learned a lot!<br>
I have a question for you - I'm finding myself in need of purchasing liability and equipment insurance for next wedding season, as I've never had/needed it before but I have a venue requiring it (and also to be "additionally insured" which I don't fully understand) SO - I've been searching around for some quotes. However, before I purchase... I don't know if I should be, um, letting the IRS know that this is my source of income? Next wedding season will be my first season being a full time self employed photographer, so this has never been an issue before. I'm early 20s so the extent of my tax paying has been for retail jobs etc... I don't really know how these things work. Do I need to claim the $$ on my taxes before getting insurance? Will I look super sketchy if I get insurance and don't claim the $ yet? Will anyone actually notice or care if I get the insurance first...? Not trying to get out of paying taxes on my photo income, I just actually don't know HOW to and have never had to before... (I'm definitely more of a creative type than a business minded individual...but I'm learning!) but I need to get this insurance asap so I can book this gig where the venue requires it.<br>
One more question that the insurance companies I've been researching fail to have answered for me... if my equipment gets stolen or broken or someone I'm shooting gets hurt etc during a shoot that doesn't have a contract (i.e. small portrait shoot or concert or something) will I still be covered if I have some sort of equipment/liability insurance? I was only requiring contracts for events and weddings... should I change this? Do you all require contracts for everything? I'm sure this would depend on my policy but I am not sure what the usual is...<br>
That's all! Thank you so much!</p>