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Interior Decorator Insurance

Interior decorator insurance is designed to protect interior decorators and their clients from financial loss resulting from accidents or mistakes. Accidents can happen on the job, such as breaking a valuable antique or damaging a client’s property. In addition, mistakes can occur, such as a color scheme that doesn’t meet the client’s expectations. Interior decorator insurance helps protect against these risks and provides peace of mind to both the decorator and the client.

Who Needs Interior Decorator Insurance?

Any interior decorator who works with clients should have interior decorator insurance. This includes both independent decorators and those who work for a company. Even if you work from home or have a small business, accidents can happen, and you need to be protected. It’s important to note that if you work for a company, your employer may provide insurance coverage, but it’s essential to check the policy to make sure you’re adequately covered.

Types of Interior Decorator Insurance

There are several types of interior decorator insurance policies available, including general liability insurance, professional liability insurance, and property insurance.

  • General liability insurance protects against bodily injury, property damage, and personal injury claims that may arise while you’re working on a project. For example, if you accidentally spill paint on a client’s carpet, general liability insurance would cover the cost of cleaning or replacing the carpet.
  • Professional liability insurance, also known as errors and omissions insurance, protects against claims of professional negligence, errors, or omissions. For example, if a client claims that you recommended a color scheme that clashed with their existing furniture, professional liability insurance would cover the cost of any damages resulting from the mistake.
  • Property insurance protects your business property, such as your tools, equipment, and supplies, against theft, damage, or loss. For example, if your tools are stolen while you’re working on a project, property insurance would cover the cost of replacing them.

How Much Does Interior Decorator Insurance Cost?

The cost of interior decorator insurance depends on several factors, including the type of coverage you need, the size of your business, and your location. On average, general liability insurance costs between $400 and $600 per year, while professional liability insurance costs between $500 and $1,000 per year. Property insurance is typically added to a general liability policy and costs an additional $200 to $500 annually. 

Interior Decorator Insurance Requirements

While interior decorator insurance isn’t required by law, many clients may require you to have insurance before they hire you. In addition, some states may require interior decorators to have insurance if they want to obtain a license. It’s important to check with your state’s licensing board to determine if insurance is required.

Commercial Insurance and Business Industry Classification

  • SIC CODE: 7389 Business Services, Not Elsewhere Classified
  • NAICS CODE: 541410 Interior Design Services
  • Suggested Workers Compensation Code(s): 8742 Salespersons or Collectors – Outside, 9521 House Furnishings Installation NOC & Upholstering

Interior Decorator Insurance – The Bottom Line

Interior decorator insurance is essential to protecting your business and your clients. Accidents and mistakes can happen, and without insurance, you could be held liable for any damages or losses. By investing in interior decorator insurance, you can have peace of mind knowing that you’re protected against financial loss.

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