SEI recognizes the unique exposures to loss inherent in the interior design industry. Therefore, we are in an excellent position to assist interior decorators and designers to ensure that they have the proper business insurance to cover their exposures to loss. The policies we offer include the following insurance coverages: Property, Commercial General Liability, Employment Practices Liability, Workers’ Compensation, New York State Short Term Disability and a Professional Errors and Omissions Liability policy offered at the most competitive rates available in the insurance marketplace.
Whether your interior design specialty is focused on commercial spaces, residential space, or staging for a real estate sale (or any/all of the above) your clients rely on you for your expert consultative skills and creative expertise. An unhappy customer will not provide referrals and might even destroy your relationship with potential clients. As a design professional, people trust you to be able to do what they can’t accomplish by themselves. They count on you to guide them in their choices so they can turn their vision into a stunning reality.
You need to protect yourself and your business with the right insurance for interior designers. Be assured that we at SEI can deliver the protection you need.
Schaefer Enterprises advises interior design businesses on these important insurance types:
Professional Liability and Errors & Omissions
Professional Liability Insurance – also known as Errors and Omissions coverage – is specifically designed to provide protection to interior design professionals who are giving expert advice for a fee. This can help protect your firm against claims of negligence in failing to perform according to the specifications of the contracts that you enter in with your clients. When a project goes amiss and requires a little more than a simple fix, a client may choose to take financial action against and you and your company. This is not covered by your General Liability insurance policy.
A home that’s beautifully staged has a better chance of selling, and selling much quicker than one that is not. However, as an interior designer you are always open to potential lawsuits if the home you are staging or the materials you are using become damaged, lost or stolen.
Inland Marine insurance is coverage for property in transit over land, certain types of movable property, instrumentalities of transportation such as bridges, roads, piers, instrumentalities of communication such as television, radio towers and legal liability for property in your care, custody or control while being held for sale or pickup.
General Liability Insurance protects against accidents and injuries on company premises and customer property. It also protects against product liabilities.
Transfer of Risk
The nature of the interior design business calls for interactions between countless vendors and contractors. With all of these different parties, it is extremely important to transfer liability whenever possible. SEI New York has the experience to help review vendors insurance, your contracts, and all the insurance exposures to make sure that there are no gaps or loose ends.