Insurance for Interior Designers
Decorators and interior designers are consultants who plan and lay out the interior finish design of a building. This includes items such as the colour of walls, curtains and woodwork, as well as wallpaper, paintings, or artwork, and the colour, style, and location of furnishings, rugs, and lighting. Decorators may also arrange for the purchase of the items needed to decorate. Some may have significant valuables in storage in commercial or industrial buildings.
At Business Insurance Service, we understand not just the insurance industry, but the commercial sector too. Our brokers have years of experience and expertise in finding professionals from across all disciplines the right kind of Liability and Professional Indemnity insurance cover for professional and tradespeople, giving both sole traders, SMEs, and large companies the protection they need.
What Insurance does an Interior Designer need?
Minimum recommended cover can usually be arranged on a Professional Indemnity (PI) combined policy to include Buildings, Computer Equipment & General Contents, Increased Expenditure, Employee Dishonesty, Public Liability, Employers’ Liability
Stock, Contents & Goods in Trust
Property exposures vary by designer. Some have simple office exposures, while others have storage or sales of home furnishings, furniture, and wallpaper. Each decorator must be reviewed individually.
Premises liability concerns may exist while in the process of evaluating and decorating the client’s premises. If the decorator has oversight of a decorating job, the decorator could have a general contractors’ exposure. Does the decorator secure the subcontractors for the customer or is the contract between the customer and the decorator with the decorator owning all contracts with the subs?
Motor liability is limited and usually consists of the commute to and from the job sites. If, however, delivery of goods is done, higher exposure exists. Age, training, experience, and drivers’ records, as well as the age, condition, and maintenance of the vehicles are all important items to consider along with an understanding of the proper handling of the items.
Employers’ Liability does not present a high exposure if no actual installation of furnishings and decorations or delivery of goods is done. If it is, the types of processes and work performed needs to be determined and evaluated.
The most important issue in this classification is contractual. There must be clear contracts between the insured and their clients and subcontractors in order to avoid conflicts.
What other risks does an Interior Designer face?
Other exposure may exist through goods held in trust if the decorator is purchasing items on behalf of a client or customer and storing, transporting, or otherwise protecting goods until delivered and installed for the client. Security and clear ownership is important while these items are being held.
The decorator may also have an extensive fine arts collection that is used for examples. Security and an awareness of how these items are transported are important.
How can Business Insurance Service help Interior Designers?
Whether you’re a sole trader or a small to large company, your insurance portfolio has to be up to date and provide you and your business with the right level of protection. Rather than trying to find liability Insurance or consultants insurance by hunting through countless websites, let us or our website do it for you.
We’re members of the British Insurance Brokers Association (BIBA) and work with some of the largest and best-known insurance providers in the UK, including Lloyds of London for larger, more complex and high-risk customers. We’re fully regulated and committed to delivering a premium quality, trustworthy and reliable service to all our customers, regardless of size.
As preferred brokers working with some of the largest insurance providers in the UK, we have immediate access to a huge range of policies for businesses, tradespeople and design companies. We provide our customers with a bespoke or package service, creating insurance portfolios that are specifically tailored to your individual needs, and your budget.