4 Crucial Coverages for an Interior Design Business
1. General Liability Coverage
General Liability protects your business from facing expensive fees due to bodily injury and property damage when your business is responsible for the damage.
Example
If a customer is in your business and gets injured because the floors are slippery, having general liability coverage will help cover the expenses associated with their injury.
2. Property Coverage
Property Coverage Insurance will protect the assets you have for your business. Life is unpredictable, and accidents can transpire, such as fires that can cause immense damage to your property.
Example
A Thief infiltrates your business and steals thousands of dollars of materials. Having property coverage will help cover the expenses of replenishing the stolen assets.
3. Hired/Non-Owned Auto Coverage
Protects your business from auto liability damages and expenses that occur because of an accident that you or an employee are held responsible for in your own car.
Example
You are driving to a client’s house to go over design ideas, and you cause an accident. Hired/Non-Owned Auto insurance will help provide extra coverage in this scenario.
4. Professional Liability / E&O Coverage
Errors happen. Professional liability can protect you from lawsuits that occur because of errors and omissions.
Example
If you worked on a project and failed to complete a promised aspect of the contract, you can find yourself in a lawsuit. Protect your business by having the necessary coverages.
As an Interior Designer, do you need insurance?
Yes. At the very least, you should have professional liability insurance to protect you and your business from lawsuits. Even if you are the sole proprietor of your own interior design company, it’s still a business, and you still need business insurance. If you are interested in learning helpful tips and tricks to help rise above the competitors in the interior design industry, click here to rocket launch your business to success.
Get coverage for your business today!
To request a quote for your interior design business, click here. We will have one of our agents contact you and help create a personalized plan for all your business needs.
If you would like to easily bind your own business insurance policy, click here and have all business information readily accessible for a free online quote.
The Satanoff Agency, located in Wayne, PA, is an independent insurance company based in 41 states across America, working to supply our customers with quality assistance and insurance. Our independent agents offer their services to help you as the customer get the unique coverage you need. To get quoted, all you have to do is click here, and one of our talented insurance agents will tailor a personalized plan to ensure you are protected.
