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
For interior designers, a Business Owner’s Policy Insurance offers a cost-effective way to bundle essential coverages, providing comprehensive protection for both the physical assets of your business and any legal liabilities 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.
It’s designed to give peace of mind, knowing that if anything goes wrong—whether it’s property damage or a client lawsuit—you’re covered.
Business Owner’s Policy (BOP) Components:
- General Liability Insurance: Protects against claims of injury, property damage, or advertising harm caused by your business operations or premises.
- Property Insurance: Covers damage or loss to your office, equipment, or inventory from incidents like fire, theft, or vandalism.
- Business Interruption Insurance: Replaces lost income and covers expenses if your business can’t operate due to a covered event.
- Professional Liability (optional): Includes protection against claims of negligence, errors, or omissions in the services you provide.
Errors and Omissions Insurance For Interior Designers
Errors and omissions insurance for interior designers is essential coverage that protects your business from claims of negligence, mistakes, or missed deadlines that may arise during a project.
Whether it’s a design flaw, failure to meet client expectations, or a delay in deliverables, errors and omissions insurance for interior designers ensures you’re financially protected against legal costs, damages, and potential lawsuits. This specialized coverage helps safeguard your reputation and allows you to continue focusing on your creative work without worrying about the risks of client disputes or legal challenges. It’s a smart investment for interior designers looking to secure their business and avoid costly setbacks.
Worker’s Compensation Insurance For Interior Designers
Worker’s compensation insurance for interior designers provides coverage for employees who are injured or become ill while performing job-related tasks. It covers medical expenses, lost wages, and rehabilitation costs, protecting both the employee and the business from potential legal claims. This insurance ensures compliance with state laws and helps create a safer work environment.
Check out our blog about what workers’ compensation insurance is and learn what workers’ compensation insurance can do for you.
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.
Business auto insurance for interior designers is essential coverage for vehicles used for professional purposes, such as transporting design materials, meeting clients, or visiting job sites. This business auto insurance policy protects your business against a wide range of risks, including accidents, vehicle damage, theft, and liability claims arising from incidents involving your business vehicles. It also covers medical expenses, repairs, and legal defense costs, helping to protect both your assets and your business’s reputation.
Cyber Liability Insurance for Interior Designers
Cyber liability insurance is designed to protect businesses from the financial impact of cyberattacks, data breaches, and other online security threats. Cyber liability insurance policy covers a wide range of expenses, including the costs of data recovery, legal fees, notification to affected parties, and public relations efforts to manage reputational damage. In the event of a breach, this insurance can also cover the costs of customer notification, identity theft protection services, and regulatory fines. As cyber threats continue to evolve, cyber liability insurance is crucial for any business, especially those handling sensitive customer or employee data. It provides peace of mind, knowing you’re financially protected from the growing risks in the digital landscape.
What Our Policy Holders Say About Our Interior Designer 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.