Interior Designer Insurance: Cost, Coverage & Providers 2023

A set of coverage known as interior design insurance shields your company from financial harm caused by a claim of negligence. Professional liability insurance is the most important policy for an interior designer, followed by general liability and some kind of first-property protection, such inland marine or commercial property. The yearly cost of professional liability insurance for an interior designer may be $694 to $1,875.

An online marketplace called Simply Business collaborates with reputable vendors. Within 10 minutes, you may customize the quotations in real-time, compare the coverages offered by other providers, and buy an insurance online without contacting anybody.

Cost of Insurance for Interior Designers

Many factors are taken into account when determining the overall cost of an insurance, the most fundamental of which we shall cover later. The estimates below were based on quotes for a two-person, limited liability corporation (LLC), interior design business with annual sales of about $250,000.

The price you pay for coverage is influenced by a wide range of criteria when insurers determine rates, including

Credibility and number of years in the field: If you’re an established interior designer with no history of claims, professional liability insurance will be substantially less expensive. You might anticipate paying more if you are just starting out or if you have already been sued.

The number of personnel: The cost of workers’ compensation insurance increases as the number of employees increases. If you have a history of filing workers’ compensation claims, the expense is significantly greater.

Value of the property: You’ll need considerably more coverage for property damage if you have a pricey design studio with, say, a lot of antique furniture that you show potential clients. Consequently, this will need paying greater rates for further protection.

Geographical area: Unbelievably, the location of your company’s ZIP code also affects the price of insurance. Local regulations, weather patterns, and dangers associated with the place might all affect the premium.

Business owner’s policy costs for interior designers

A company owner’s coverage typically costs interior designers $40 per month, or a $500 median yearly premium. For companies that meet the requirements, the price is almost identical to that of a standalone general liability insurance. A business owner’s policy often offers a lower premium for combining general liability insurance with property insurance.

Your interior design firm’s location, operations, and equipment and property values all affect pricing. This coverage might also include business interruption insurance, which compensates you for revenue lost if your company unexpectedly closes.

Median annual cost: $500

Policy cap: $1 million for each instance

Insurance deductible: $500

On Insureon’s company owner’s insurance cost analysis page, you can find out how to save money on your policy, how to determine your coverage limits, and more.

Workers’ compensation insurance costs for interior designers

A typical interior design business will pay less than $40 per month, or around $475 yearly, for workers’ compensation insurance. Depending on the state and corporate activities, policies might differ greatly. To prevent having to modify premium rates if your paycheck amount changes, provide precise payroll statistics in your quotation application.

For interior design companies with employees, practically every state mandates workers’ compensation insurance. Employees who have work-related injuries can use this coverage to assist cover their medical costs and missed income. Employer’s liability insurance, which shields business owners from litigation relating to workplace injuries, is typically included in plans.

On Insureon’s website on workers’ compensation insurance cost analysis, you can read more about how premiums are determined as well as other information.

Also Read: How to Offer Customer Financing in 4 Steps


To protect yourself and your livelihood from any dangers and obligations, getting insurance for your interior design firm is a good investment. You can concentrate on what you do best, which is designing beautiful environments that make your customers’ lives better, if you have the appropriate insurance coverage in place.


Are interior designers have to have insurance?

Absolutely. For the sake of protecting themselves from any dangers and liabilities associated with their business, interior designers must have insurance. Having the appropriate coverage can protect you from severe financial damages in the event of an accident.

What is covered by a BOP, or business owner’s policy?

A business owner’s policy often includes property insurance, which protects your company’s assets like inventory and equipment, as well as general liability insurance, which covers third-party claims for physical injury and property damage.

How much does interior designers’ insurance cost?

The price of insurance for interior designers varies depending on your business’s size, the size of your projects, and where you live. A BOP typically costs between $500 and $3,000 yearly, and interior designers should anticipate paying different sums for workers’ compensation insurance.

What is insurance for workers’ compensation?

Employees hurt on the job are covered by workers’ compensation insurance for medical costs and lost earnings. If you employ staff or use independent contractors for your interior design tasks, it is crucial.

How can I locate the best insurance company?

Compare prices from several insurance providers, taking into account each one’s coverage choices, track record, and client testimonials. It might also be advantageous to work with an insurance agent that specializes in business insurance.

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