How much does insurance cost for interior designers?

The median cost of professional liability insurance is $55 per month, or roughly $650 annually, for interior designers. This policy is also known as errors and omissions insurance. It provides protection against lawsuits brought by clients claiming that design work was unsatisfactory, late, or never delivered.

Median cost per year: $650
Policy limit: $750,000 per occurrence
Policy deductible: $1,000

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's professional liability insurance cost analysis page.

Interior designers pay a median premium of $40 per month, or $500 annually, for general liability insurance. This policy protects interior designers against third-party injuries, damaged client property, and advertising injuries.

Insureon’s licensed agents typically recommend purchasing a business owner’s policy, which combines general liability insurance with commercial property insurance at a discount. It protects your business property against fire, theft, and other incidents, in addition to guarding against common third-party risks.

Median cost per year: $500
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's general liability insurance cost analysis page.

Interior designers usually pay about $40 per month for a business owner’s policy, or a median annual premium of $500. The cost is nearly the same as a standalone general liability policy for businesses that qualify. A business owner’s policy bundles general liability insurance with property insurance, usually at a discounted rate. 

Pricing is determined by your interior design firm’s location, operations, and value of business property and equipment. This policy may include business interruption insurance, which covers lost income at your business due to an unexpected closure.

Median cost per year: $500
Policy limit: $1 million per occurrence
Policy deductible: $500

Learn how to save money on your policy, which coverage limits to choose, and more on Insureon's business owner's policy cost analysis page.

The median cost of workers’ compensation insurance for an interior design firm is less than $40 per month, or approximately $475 annually. Policies can vary significantly depending on the state and business operations. Include accurate payroll figures in your quote application to avoid the need to adjust premium rates if your payroll amount changes.

Workers’ compensation insurance is required in almost every state for interior design firms that have employees. This coverage helps pay medical fees and lost wages for employees who are injured on the job. Most policies include employer’s liability insurance, which protects business owners against lawsuits related to workplace injuries. 

Learn how workers' comp premiums are calculated and more on Insureon's workers' compensation insurance cost analysis page.