Collegiate Underwriting – Committed to quality underwriting of Interior Designers
As people are now more willing to turn to the law when dissatisfied with service, our work environment has become increasingly litigious.
Interior Designers can be involved in contracts requiring significant structural alterations or they can provide purely decorative services. Professional indemnity (PI) insurance provides protection against liability claims arising from negligent design that can result in costly alterations and expensive defence costs.
All our quotations are individually underwritten so you can be sure the premium reflects your unique circumstances.
For a quotation
Please download and complete the proposal form on the right, or send a copy of your current insurer’s proposal to [email protected]. If you prefer to speak to the team please call us on 020 7459 3456.
- Direct contact with the underwriter
- Full civil liability cover
- Limits of Indemnity up to £5 million
- Cover for outstanding fees, fidelity and loss of documents
- Compensation for court attendance
- Industry leading claims service
- A-(Excellent) policy security
Typical claims relating to Interior Designers
- Selecting inappropriate materials for end use
- Inaccurate construction cost estimates
- Delay claims by owners and contractors
- Failure to supervise works
- Defective design or insufficient specification of materials
All PI insurance is on a claims made basis, that means you must have an active PI policy at the time a claim or allegation is made against you. It is important to remember that once a PI policy expires you can no longer make any claims against it. Therefore you need to consider maintaining your PI insurance once you cease trading. This is called Runoff Insurance and provides protection against any claims which may arise from work you undertook in the past. Some professional Institutions require their members to carry Runoff insurance.
Runoff is an annually renewable policy, the premiums will usually reduce each year to reflect the reducing exposure to insurers.