You must have a creative sort of spirit to be in any part of the design industry. Whether you are an interior designer, engineer, graphic designer, industrial designer, or architect, you have an eye for what works. Clients depend on you to design them a perfect product, and when the project may turn out to be less than they expected, problems can arise. Unfortunately, some things may work against you regardless of how well you prepare. Weather, materials, and being human are all things that could potentially impact your ability to complete your projects. Luckily, CoverWallet has a solution for you. Design Professional Liability insurance. Professional Liability insurance for designers is an Errors and Omissions policy designed to protect you and your business.
Providing design services can be a rewarding career, but it also comes with its fair share of potential risks.
Unfortunately, it is pretty common for people to sue for what ends up being an unfounded reason. As one part of risk management, you need to protect yourself. Professional Liability for designers offers essential coverage including:
Keep in mind that Professional Liability is a claims-made policy, which means it needs to be active in order for there to be coverage. So, even if you close shop, you should keep active coverage for any future claims that may arise. If you don't want to continue to pay for Professional Liability insurance for designers, ask your agent about tail coverage.
As mentioned above, one lawsuit can cost thousands and thousands of dollars, so the price of a Professional Liability insurance policy for designers will pale in comparison. Because each design professional offers different services and advice, there is no standard cost. CoverWallet works with several insurance companies that provide this critical insurance policy so that we can find you the best price and best coverage. The best news is that we can bundle all of your insurance needs.
Some other insurance policies that you will need to consider are General Liability for slips and falls, Workers Compensation if you have employees, Excess Liability insurance to cover any potential gaps, and Commercial Auto insurance if you use your car or truck for work. While this is a comprehensive list of coverages, it is not inclusive. Our team of educated advisors is standing by to help you sort through all of the options based on your unique situation. Give us a call today and take the first step in protecting yourself and your business.