Building Designer And Draftsperson Professional Indemnity Insurance
Business and Professional Indemnity Insurance for Building Designers and Draftspersons*
Building Designers and Draftspersons require suitable business and professional indemnity insurance that provides cover for professional indemnity and public liability risks related to building design and drafting.
For example, business and professional indemnity insurance for Building Designers and Draftspersons may include losses arising out of acts, errors and omissions from building design services provided such as screening, selection, specification and supervision of builders and building materials*:
Many Business Owners are UNSURE if they are COVERED PROPERLY.
We help them find affordable and SUITABLE INSURANCE so they can run their business with CONFIDENCE.*
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- Answers to Questions
- Suitable Cover
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What type of Building Designers and Draftspersons need business and professional indemnity insurance?*
All Building Designers and Draftspersons that charge a fee for advice or a service need business insurance and professional indemnity insurance.
For example, any Building Designers and Draftspersons performing the following building design and drafting services need business insurance and professional indemnity insurance.
- Construction management
- Domestic and commercial Building designers
- Drafting and design
- Domestic and commercial Building Architects
- Interior design Architecture
- Landscape architects
- Project management
- Town planning
To talk to SMART business insurance broker about a suitable insurance policy for your Building Design or Drafting business at an affordable price please contact us on 1300 542 573 or contact us online.
Why do Building Designers and Draftspersons need business and professional indemnity insurance?*
Building Designers and Draftspersons need business and professional indemnity insurance to cover for business risks such as incorrect advice, legal claims against you for the provision of project management and failure to perform essential builder and building materials related checks.
Suitable business and professional indemnity insurance may provide Building Designers and Draftspersons with cover for the following claims:
- civil liability
- contractual liabilities
- libel and slander
- unintentional infringement for intellectual property
- claims preparation
- Breach of confidentiality
- public liability
- claims investigations costs
- employee dishonesty
- care, custody and control extensions
- cross liability
- indemnity to others
Note that Building Designers and Draftspersons can be held liable for the advice or the services they perform that may cause financial loss to a third party. As a result Building Designers and Draftspersons need professional indemnity insurance.
Furthermore, Public Liability insurance is a core cover for all Australian businesses – including for Building Designers and Draftspersons – to cover you against damage to a third person or their property.
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Get a Quote
- Answers to Questions
- Suitable Cover
- On Your Team
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How much does Building Designers and Draftspersons insurance cost?*
For many self-employed sole proprietor Building Designers and Draftspersons a $1 million professional indemnity insurance policy starts from $770.
Building Designers business insurance cost: from $1150 for combined cover of $1 million professional indemnity PLUS $5 million public liability insurance
Please note : pricing may vary significantly from the above based on your size, clients, experience and specific Building Design and Draftspersons business activities. Building Designers and Draftspersons working on large commercial projects, for councils and government typically represent greater risk; require greater limits and higher premiums.
Why should a Building Designer or Draftsperson use an insurance broker?*
If you are a Building Designer or Draftsperson deciding on whether to use an insurance broker for your business and professional indemnity insurance it is important to consider that brokers act in the interests of the small business owner. Direct insurers and agents act for the insurer. This can be important especially if you need to claim.
Brokers can help Building Designers and Draftspersons by sourcing competitive quotes on policy inception, negotiate with the insurance companies to prevent or limit increases on renewal, remarket your policy to other suitable insurance companies where appropriate, talk to underwriters about policy wordings, industry classifications and terms, talk to insurance assessors during the claims process and repairers where necessary.
How do I get a Building Designers and Draftspersons Professional Indemnity Insurance quote?*
To talk to SMART business insurance broker about a suitable insurance policy for your Building Design or Drafting business at an affordable price please contact us on 1300 542 573 or contact us online.
