If you provide advice to your customers – like how to set out a kitchen or bathroom, for example – a mistake or misunderstanding around the information you give could see you facing a legal claim.
Professional Indemnity (PI) insurance is essential for those who offer design advice as part of their service. PI insurance covers an ‘act, error or omission in design or specification’, and provides both you and your client with great peace of mind.
Doesn’t my Public Liability (PL) Insurance cover this?
If you charge fees for your service and advice, most (if not all) public liability policies will exclude claims for injury or damage that may arise from a breach of your professional duty. You’ll need professional indemnity coverage to respond to such claims.
How is a Professional Indemnity (PI) claim triggered?
A public liability claim can only be triggered if there is third party injury or property damage. A professional indemnity claim, on the other hand, can be instigated by a financial loss to your client or a third party contractor as a consequence of an error or omission deemed to be a breach of your professional duties.
We’ve worked closely with our insurance partners, CMIB, to tailor a combined Professional Indemnity and Public Liability Insurance Policy that best reflects the services carried out by kitchen, bathroom and interior designers. And we’ve leveraged our group buying power to negotiate a hard-to-beat rate, too, with premiums starting from just $495.
Keen to get a quote?
To get an accurate quotation for your current set up, complete our online application here. Our insurance team will assess your situation and send you a quote asap.
Or would you like to compare policies?
To compare your current insurance policy with the KBDi insurance policy, simply complete the above online quote form (click on the ‘Apply for PI and PL Insurance button) so we have all your business activity details. Send our office an email with a copy of your current policy schedule and Product Disclosure Statement (PDS), and we’ll arrange for our insurance broker to compare the policies.
Not yet a member but interested in learning more? Complete the form below and we’ll be in touch.