We all nurture a dream of a beautiful home with a lush green garden and beautiful interior. An Interior designer helps in realizing the same. However, while designing the home, interior designers may commit errors that may lead to financial claims.
Why do Interior Designers need professional indemnity insurance?
Interior designers plan new interiors and changes to existing ones in commercial buildings and single and multi-family dwellings. Their responsibilities vary from one project to another but, in general, interior designers:
- Identify and analyze client needs and goals, safety requirements, budget limitations and project schedules
- Prepare preliminary plans and design concepts for clients
- Estimate costs and prepare budgets
- Develop presentations which may include drawings, sketches, renderings, perspectives, colour and material boards, photographs or models
- Prepare tender documents, co-ordinate the bid process and assist clients in awarding contracts
- Collaborate with professional and technical consultants
- Review and evaluate projects on behalf of clients, during implementation and upon completion
If a client suffers a loss as a result of a design or related advice provided by you, you might find yourself on the wrong end of a lawsuit. Without Interior Designer professional indemnity insurance, you may be personally liable to pay compensation and legal fees related to a claim.
Public Liability Insurance for Interior Designers
If you or any of your employees visit a customers premises your actions could cause an injury to another person. Similarly, if an accident happens whilst a member of the public comes to your place of business and they are injured you could be held liable. Public Liability Insurance protects you in the event that such accidents occur and a claim is subsequently made against you.
Public liability insurance also covers you if damage is caused to third party property while at the customers business. An example would be if an employee broke a valuable item while making a delivery at a customer's home. The claim to replace the item would be covered by public liability insurance.
Key exposures for Interior Designers:
- Failure to deliver in accordance with the clients instructions
- Incorrect preparation of plans and specifications
- Incorrect Interpretation of Clients needs
- Failure to comply with government regulations such as for people with disabilities, environmental e.g. impact on ventilation and waste disposal, flammability of fabrics and materials
- Misleading, incompetent or inappropriate conduct
- Activities that exceed the designers authority e.g. removing a load bearing wall that leads to a building collapse
- Misunderstandings about who is responsible for contracting out certain parts of the design to other professionals such as architects and/or construction consultants and any additional costs not budgeted for
Why purchase your Professional Indemnity Insurance through Express Insurance?
With Express Insurance, you can source a PI quote in seconds, and have the option of adding Public Liability Insurance. You can then proceed to buy the insurance and produce your Certificate of Insurance in minutes, or alternatively save the quote back to your email account for buying later.
And we save your details on Renewal of your insurance, making the process of renewing your PI Insurance even easier and quicker.
Throughout your experience with us our team of highly experienced PI specialists are a phone call away!
Please Note: Coverage under the policy will be subject to the particular circumstances relating to a claim and the full terms and conditions of the policy.
PI premiums are determined by your Turnover and PL Premiums by the number of staff under your employ. All insurers charge a minimum premium in both respects.
We believe we have negotiated highly competitive premiums for both classes of insurance, and will continue to monitor premium levels available in the market to ensure this remains the case.
Premiums vary between states as a result of differing stamp duty rates, however our minimum Total Premiums for Professional Indemnity start from $602 (incl. GST).
From a compliance perspective and for your own protection you should have a minimum level of Professional Indemnity(PI) insurance. In the event that the services you provide for a client lead to a claim against that client they will generally look at claiming against the provider. PI insurance will protect you in the event that this occurs.
We have designed the Insurance application process so it only takes an average of 5 minutes to complete your application. In most cases your application will be instantly approved online, and you can print your Confirmation of Insurance to prove that you have the requisite cover in place... It's that easy!! All other documentation, such as your tax invoice, policy schedule and wording will be emailed directly to you for your records.
If the policy can't be issued immediately because we require further information, we will contact you generally on the same day.
Approximately one month prior to the renewal of your policy you will receive a renewal reminder email with a link that will allow you to review your previous years cover and renew the policy even quicker!
* We have minimized the number of referral situations so that most applications will be automatically accepted. However, if for example you have prior claims we will contact you to facilitate completion of your application personally with the Insurer.
Your Insurance policy is arranged by Express Insurance acting as an agent of Berkley Insurance Australia, a registered business name of Berkley Insurance Company (ABN 53 126 559 706) and part of the W.R.Berkley Corporation.
Berkley Insurance Australia underwrites a significant portfolio of general insurance business in Australia. They are fully authorised and regulated by the Australian Prudential Regulator Authority (APRA) which is the prudential regulator of the Australian financial services industry.
The financial strength rating of Berkley Insurance Australia is "A+ (Strong)" by Standard & Poor's.
For each policy completed online we make a donation to Skin & Cancer Foundation.
About Skin & Cancer Foundation
The Skin & Cancer Foundation Inc is a not-for-profit, DGR registered, organisation which provides specialist treatment, education and research for a wide variety of skin disorders, skin cancers and melanomas.
We will work with you to ensure that claims are handled in a professional manner and that you get a fair outcome from the Insurer. The first step is to lodge your claim as outlined below.