Professional and General Liability Insurance for Interior Designers & Decorators
Even the most skilled designers face unexpected challenges. That’s where errors and omission insurance for interior designers come in – we’ve got your back with tailored coverage to keep your business running smoothly.
When accidents or incidents do occur, it can cost you both time and money to remedy the situation.
By signing your business up for an interior designer insurance policy, you can develop a solid plan to prevent and manage claims. Get a fast, free quote for the plan that would best suit your business based on coverage, pricing, or both.
Insurance Policies Available for Interior Designers
Business Owner’s Policy (BOP) for Interior Designers
Errors and Omission Insurance for Interior Designers (Professional Liability)
Workers Compensation Insurance
Business Owner’s Policy (BOP) for Interior Designers
Nearly every business should start with a BOP or commercial package (depending on their industry). The Business Owner’s Policy is a packaged product of General Liability and Property coverage that includes many other “bells & whistles” coverages via premium endorsements or can have other important coverages, like Employment Practices Liability, or Cyber Liability added at a sub-limit for an additional premium.
Business Owner’s Policy (BOP) Components:
- General Liability Insurance for Interior Designers: Third-party coverage for injury or property damage is crucial insurance for interior designers. If, through your own negligence, you cause someone to get hurt, you would be covered, not only for your client’s medical bills but if they should sue you for pain and suffering. You would also be covered should you cause physical damage to your client’s property.
- Business Personal Property Insurance: Under the property section you will have first-party property coverage to insure your inventory, tools, computers, office furniture, and more. Business Interruption coverage, for losses to your income, while your business is shut down due to a covered peril, also is covered under the property section of your policy.
Errors and Omission Insurance For Interior Designers
If you’re sued, not because of bodily injury, but because of a failure in your professional capacity such as giving bad advice and recommending a floor that’s easily damaged, general liability policies (BOP) won’t cover you. E&O covers financial loss to a third party.
Worker’s Compensation Insurance For Interior Designers
If you have employees on your payroll, or even if you are subcontracting the same people every day (which can constitute an employee equivalent from a WC perspective), you will need Worker’s Compensation insurance to cover employees’ medical and wages should they get injured on the job.
Business Auto Insurance For Interior Designers
As an interior designer, if your vehicle is involved in an accident while on the way to deliver furnishings for a project, your business auto insurance would cover the damages and liability costs associated with the incident. This ensures that your business assets and reputation remain protected.
Cyber Liability Insurance
In today’s digital age, protecting client data is more important than ever. Cyber liability insurance can help cover expenses related to data breaches, such as notifying affected clients, providing credit monitoring services, and defending against lawsuits.
What Our Policy Holders Say About Our Interior Design Insurance
“I’ve been insured with villaNOVA Insurance Partners/PenEx Insurance for my interior design business for the past 4 years, and the experience has been exceptional. The coverage tailored for interior designers and stagers is industry specific and very comprehensive, meeting all my business needs. I highly recommend villaNOVA Insurance Partners/PenEx Insurance for interior designers.
Leah Check has proven to be an invaluable resource; her impressive industry knowledge ensures I have the right coverage for my unique requirements. Having a dedicated support person who understands the ins and outs of my industry is truly invaluable.“
– Angela Crowne, Owner & Designer, Interiors To Move You LLC
“Working with Nova Insurance through the DSA Insure program has been a simple and affordable way to get the coverage I need for my interior design process. The entire application and approval process were smooth sailing. Their team is not only professional but also incredibly understanding of the unique needs of the interior design industry. They made sure I got the coverage I needed without drowning me in complicated paperwork. …If you’re looking for an insurance partner that makes things easy, affordable, and genuinely cares about your business, DSA Insure is the way to go.“
– Amanda Arcone, New England Home & Interiors
Q&As for Interior Designer Insurance
Interior designers need insurance to protect themselves, their businesses, and their clients from liabilities and risks associated with their work. This includes coverage for potential property damage, accidents, professional errors, and legal claims arising from their design services. Depending on your state, interior designers and decorators are required to have certain business insurances like E&O and general liability.
A Pen-Ex program specialist can discuss your business goals and outline the best and most affordable interior design insurance plan to keep your business and personal assets safe. Moreover, we will bundle coverage together, with our specialized programs, to get you the very best coverage and pricing.
- Projects that go over budget
- Advice that doesn’t work out
- Mistakes in measuring that add additional costs
- Failing to complete a project on time
- Material acquisition error
- Modifications in the plan of the design
- Failing to abide by the building codes
- Dissatisfied clients
- Property damage or injury due to professional negligence
E&O insurance pays for legal defense costs and any judgments or settlements arising out of lawsuits from professional misconduct, errors, and omissions. Because there’s the potential for any designer to make mistakes, essentially all decorators and interior designers need this type of coverage.
Yes, there may be exclusions or limitations to coverage that you should be aware of when considering interior designer insurance. Some common exclusions or limitations to coverage in interior designer insurance may include:
- Exclusions for intentional acts or fraud.
- Limitations on coverage for certain high-risk activities or services.
- Exclusions for claims arising from failure to meet contractual obligations.
- Limitations on coverage for damage to certain types of property.
- Exclusions for claims related to professional errors or negligence.
When filing an interior designer insurance claim, it’s crucial to first notify your insurance provider as soon as possible. Then, gather all necessary documentation, such as incident details, photographs, and any relevant communications. Be sure to complete any claim forms accurately and thoroughly, and cooperate fully with the insurance company’s investigation process. Finally, keep track of all correspondence and follow up regularly to ensure your claim is processed efficiently.
The average cost of an Interior Design Insurance Program can vary on the business structure, experience in the business, claims history, the amount of property they own, whether or not they have employees or vehicles, and other various underwriting criteria. Our interior designer insurance premiums start at $500 per year. However, the average cost nationally for an interior designer business owner’s policy is about $1,200 annually, and adding E&O increases the cost to $1,500- $1,700. Worker’s Compensation costs will depend on the number of employees and the resulting annual payroll per classification code.
The type and amount of interior design insurance required varies by state. There might be variation in the cost of interior designer insurance depending on your state as well. Additionally, Pen-Ex offers state-specific service agreements to help you manage your risk of claims. For more information about state insurance requirements, contact us at (484) 580-6661.
Stay Covered & Protected With PenEx’s Insurance For Interior Designers
To protect your interior design business, the first step is to identify your specific needs based on your projects, size, and employees. At PenEx, powered by VillaNOVA Insurance Partners, we offer a wide range of interior design insurance options. We can help you choose the coverage that’s right for your business, and we can tailor a plan to your specific needs. Contact our skilled agents at Pen-Ex: A Villanova Insurance Partners Company today for a free quote on interior designer insurance and to discover what will best work for you and your business.