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What types of business insurance do interior designers need?
These policies provide coverage for the most common risks in interior design.
General liability insurance
This policy covers basic risks of interior design, including customer property damage and injuries. Bundle with property insurance for savings in a business owner’s policy.
BEST FOR
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Slip-and-fall accidents
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Damaged customer property
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Libel or slander lawsuits
Business owner’s policy
This policy bundles property insurance and general liability insurance under one plan. A BOP is often one of the most cost-effective types of insurance for interior decorators.
BEST FOR
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Customer injuries
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Damaged customer property
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Damaged business property
Professional liability insurance
This interior design liability insurance policy is also called errors and omissions insurance. It protects against dissatisfied clients who sue over your work performance or design results.
BEST FOR
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Dissatisfied clients
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Accusations of negligence
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Mistakes or oversights
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for interior design businesses that have employees. It can cover medical costs for work-related injuries.
BEST FOR
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Employee medical expenses
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Partial missed wages
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Lawsuits over employee injuries
How much does insurance for interior designers cost?
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Several factors will have an impact on insurance costs, including:
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Interior design services offered
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Business equipment and property
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Revenue
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Location
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Number of employees
Why do interior designers need insurance?
Interior designers work hard to create functional yet appealing home and work spaces. However, you could face a lawsuit if the results don't meet a client's expectations. Interior design insurance can cover legal fees, along with costs related to injuries and other risks.
