You should carry the liability insurance anyway. It is not expensive and much like
[assumption] Since Modern Mutt has no employees other than the owner (yourself), you don't need workers comp. ALSO, the minimum amount of workers comp in Texas is $0. You can elect not to carry it as an employer.
Property insurance on your gear shouldn't be too expensive.
TCP&Co. - Insurance for Photographers -
This is who I use. They specialize in photographers. Used by most sports photographers and photojournalists, along with Hill & Usher.
I have a $2mm liability coverage policy.
I have $5k in computer coverage.
I have $18k in property/gear coverage.
I pay $175 quarterly. Its too cheap not to do.