[schoy]

First, many homeowners policies will not cover the liabilities of a home business. It MAY (or may not) cover the business equipment. Hence, it might be a good idea to obtain separate a CG policy. Professional (or E&O) insurance isn't necessary since you aren't giving professional advice.

Second, I agree with others in that you should consider forming an LLC, to at least protect your personal assets from business liabilities. The liabilities we're talking about is if someone gets injured in the course of your photography work (say, a child falls from the chair you put him/her on or one of the flash-stands falls on someone (and burns them or electrocutes them or ...)). And the extra cost to form an LLC and additional tax return hassle is quite minimal. However, a caveat to this: You'll need to take steps to completely separate your personal stuff from your business stuff (different insurance policies, different bank accounts, separate stationery with LLC letterhead, business cards with LLC name, a defined office-space, etc.); otherwise, you may lose this protection (look up: "piercing the corporate veil", which applies to LLCs as well).

Note that in FL, you probably don't get charging order protection (which protects your business assets from personal debts), unless you get someone else to own a portion of the LLC (even just 1% could help).

* The above does not construe legal advice. Consult your attorney.