According to a recent article in PDN:
According to a lawsuit filed April 24 in New York state supreme court, the 2,600 year-old archaeological specimen was destroyed when "photographers" hired by Art + Auction magazine to photograph the statue moved it. The "photographers" aren't named in the lawsuit, which is against Art + Auction's owner, Louise Blouin Media. But the New York papers have identified the photographer as fashion shooter Eric Guillemain.
When this kind of problem comes up you want to have a good solid insurance company to turn the whole ugly thing over to.
Along with general business liability insurance you need to have your equipment insured. You should be able to get a general business insurance policy that covers your business for liability and for loss of your equipment for somewhere between $500 to $1,200 a year depending on the details and extent of your coverage.
Here are some contacts for business insurance brokers that specialize in coverage for Photographers:
Check out what works best for you, you’ll be glad you did. I'm sure Eric Guillemain is glad he had an insurance company to turn his problem over to!