What is 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*:
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.
If you are a Building Designer and Draftspersons looking for business and professional indemnity insurance please call 1300 542 573 to TALK to a SMART business insurance broker about a suitable policy at an affordable cost for your business.
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.
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.
For a Building Design and Draftspersons professional indemnity and public liability insurance cost for your business TALK to a SMART Business Insurance broker on 1300 542 573.
How do I get a Building Designers and Draftspersons Professional Indemnity Insurance quote?*
Depending on the nature of your building design or drafting activities, the size of your projects, the size and type of clients you service and whether you are a sole trader, or employ staff or sub-contractors, different insurance companies and underwriters are likely to provide suitable and affordable cover.
For a suitable and affordable business and professional indemnity Building Design or Drafting insurance quote TALK to a SMART Business Insurance broker 1300 542 573 or contact us online.
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