Interior Designer Insurance
What Is Interior Designer Insurance?
Your role as an interior designer will involve a wide range of aspects, from providing advice to clients on lighting, furniture and colour schemes to taking a hands-on approach when it comes to design projects. When it comes to providing advice to your clients, you leave yourself vulnerable to disputes – this is just an inevitable part of the job. However, by having a business insurance policy in place, this can provide financial protection if a client makes a claim against you, based on your advice, for professional negligence and damage. Without this insurance, the costs and penalties can be significant and can have serious consequences for your design business.
With the help of The Insurance Octopus – a Feefo Platinum awarded insurance provider – you can get an insurance policy that’s tailored exactly to your needs. For personalised interior designer insurance policies, complete our online form, or request a call back for your quote. One of our specialists will be in touch to discuss the types of insurance that are available. If you’d like to update your policy, you can do so at any time without paying administration fees for mid-term adjustments, ever.
Insurance for interior designers may include the following:
Public Liability Insurance
This cover will protect you in the event where a member of the public or a customer suffers from an injury or property damage, as a result of your work. This cover, which is available from £1m to £5m with additional levels of cover available upon request, protects you against the cost of legal proceedings and repairs.
Professional Indemnity Insurance
Professional indemnity cover provides protection for you and your business against financial and trading loss that occurs as a result of a mistake at work or bad advice that you have given. This cover is available from £50,000 to £10m depending on your needs.
Employers Liability Insurance
If you employ one or more people or have sub-contractors, then this is a legal requirement for design professionals. The standard policy provides £10m worth of cover. As an employer, you have a legal duty to make sure that the workplace is safe for both your employees and visitors.
Cover For Legal Costs
This covers the cost of legal advice and legal defence costs, as well as other additional costs that arise during the process.
How does insurance for interior designers work?
Cover to enable you to keep doing what you love
As an interior designer you assist your clients in making interior spaces beautiful. With the use of your own personal style and experience you can transform spaces with colour, furniture, material and lighting. You provide large amounts of advice to your clients which can leave you open to disputes, so having an adequate business insurance policy including Professional Indemnity insurance for interior designers in place will give you peace of mind that should there ever be a claim against you or your business you will be protected.
We source personalised interior designer insurance policies that are designed to allow you to add, remove, increase or decrease all areas of your insurance policy – giving you the ultimate flexibility when it comes to your cover.
What your interior designer insurance policy includes
Professional Indemnity Cover for interior designers
Professional Indemnity insurance will protect you and/or your business against any financial or trading loss that may be caused as a result of bad advice or a mistake made in work. Professional Indemnity cover limits are from £50,000 to £10m.
Employers Liability Insurance Cover
Employers Liability insurance is a legal requirement if you employ anyone or pay sub contractors to complete works on your behalf. As an employer, you do have a legal responsibility to ensure that you have provided a safe and secure workplace for employees and visitors. A standard Employers Liability insurance policy is £10m cover.
Public Liability Cover
Public Liability Cover protects you if a customer or a member of the public is injured or their property is damaged, and protects you against the cost of repairs or any legal proceedings that could be filed against you. Standard levels of cover are available from £1m to £5m, with additional levels of cover available upon request and subject to insurer’s terms and conditions.
Legal Action (optional)
Legal Action costs businesses within the UK millions of pounds every year. Make sure both your business and private finances are protected for if someone takes legal action against you.
Legal Expenses Cover for interior designers
Legal Expenses Cover will help protect you against the costs of defending a claim. Covering the costs of both defending the claim and any associated legal expenses.
Associated Claims Costs
Associated Claims Costs can cover you if a claim needs to be investigated further or if there is a need to bring in expert witnesses in a court hearing.
Add on covers: Business Interruption Cover, Personal Accident Insurance and more
Business interruption, personal accident, offshore working and more are all additional add-ons that can be increased or decreased as required. By having flexibility with your Professional Indemnity business insurance Policy through The Insurance Octopus, you can make sure your insurance is exactly what you need.
Why you need Interior Designer Insurance?
If your business provides a professional service or gives some form of advice, then your clients have an expectation of receiving expert guidance and a good standard of service. If this service is not received, unfortunately the customer could decide to make a legal claim for compensation. The potential costs to your business if a claim is made can be extremely high; along with legal expenses there could also be a compensation sum to pay. If you are not covered correctly it could be financially detrimental to you and your business.
We can source cover for a variety of trades and occupations, and are specialists in providing Professional Indemnity insurance. We can add cover for your business equipment at home, in the office or in transit and provide options for covering you in sector specific situations as required. Get in touch with us today to arrange your Interior Designer insurance policy.
Protecting you and your business with a comprehensive range of covers, all in one tailor made policy
Professional Indemnity Insurance brokers
We find cover for a variety of professional trades and occupations, and specialise in sourcing Professional Indemnity insurance. You will get a bespoke policy that ensures you only pay for the cover you need. We can add cover for your business equipment at home, in the office or in transit and provide options for covering you in sector specific situations as required.
Option to pay monthly for your cover
We can provide you with your policy and related documentation on the same day in most cases (subject to time of day restrictions). To help with the costs we can also offer a range of flexible payment methods such as direct debit. Speak to us today to find out more.
Why choose The Insurance Octopus?
We proudly make buying insurance simple and transparent, and our sourced cover comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we source cover that offers up to £5 million worth of public liability cover for shops. With more available upon request.
Simple specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
A team that knows your industry
We’ll connect you with an agent who understands many of the challenges you face and can truly get to grips with the type of cover you need.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.
How it works?
Examples of Interior Designer Insurance in action
7 years bad luck avoided
An interior designer faced a difficult challenge when a priceless mirror belonging to a recent client fell off the wall and smashed. Worse was to come when it transpired that the designer had recommended affixing the mirror to the wall using hooks that were insufficiently strong. Help was at hand however as the designer was able to call on her Professional Indemnity insurance to cover the substantial costs that arose from the case, which allowed her to carry on working and trading as normal.
Types of professionals we can source
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