Offering full interior decorating services requires a lot energy, time, travels and involve potential risks relate to the occasional mistakes, business third party claims, property damages etc.
A successful designer has to know how to protect his business and reputation from occasionally mistakes and for this reasons I considered long time ago to cover my job and pay self with interior designer Business insurance.
Actually I started to benefit from Insurance since when I was a free-lancer and I honestly feel comfortable to have it.
The main reason is because working as Interior Designer I use to visit clients and I’m often in close touch with antique furniture, expensive accessories, Lighting, interior and exterior value objects with the potential risk to cause damages and receive eventual claims for clients.
When I choose my Insurance company for my business. One of the best resource I use to get information about insurance plan for interior designer is *www.insureon.com*.
A quality interior decorators insurance normally cover different situations in particular:
- Professional liability coverage, also named (E&O) stands for Errors & Omissions insurance
With this coverage basically is possible protect your business from third-party claims, due to accidentally property damage or any professional situation where the client may be involved in a financial loss for mistakes during a design project.
This option offer the opportunity to get covered also from defense or legal cost if someone suit for professional mistakes or bad advices.
- Commercial General Liability Insurance (CGL)
In case of the interior designer works in a show floor or in a large offices could be beneficial to include a CGL insurance to cover any physically injury and general property damage that may occur during your work. If you work primarily from home this option is not really necessary
- Property Insurance for Interior Designers
As the name explain it’s for situation with showroom where there is a risk of structure damages due to fire, smoke, theft, or vandalism again the property
- Employment Practices Liability Insurance (EPLI)
The majority of complaints conveyed are against interior design companies with employees. In the situation where an interior designer has employees, including an EPL insurance may be a very important to cover your business from various problems and litigation costs involved with any employees. In particular damages correlated with wrongful termination or discrimination lawsuits.
· Workers’ Compensation Insurance for Interior Designers
Workers’ Compensation Insurance helps interior designers pay for medical expenses when an employee suffers from a work-related illness or injury. Check if your studio or environment presents any sort of no safe or no healthy area that may cause an employee to suffer from a work-related illness or injury. This insurance option helps interior designers pay for medical expenses.
To find more information or to compare different company insurance quote for interior designers, visit: http://www.netquote.com/business-insurance/interior-business-insurance.aspx