Holding valid PI Insurance is a condition of Accredited membership for interior designers in practice. SBID partnered with a leading provider to offer design professionals the right insurance solutions for their business. Professional Indemnity Insurance offers financial protection against client non-payment and associated legal costs, where claims of errors may result in a negligence dispute.
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Offers Professional Protection
Designed to protect policy holders in financial dispute if clients claim a service is inadequate.
Covers Legal Costs
Safeguards if disagreements occur, handling the cost of putting things right – including legal fees.
Suits Business Needs
Provides relevant insurance solutions which are tailored to the specific needs of your business.
If you’re found responsible for causing financial loss to your client due to inadequate advice, services or designs you have provided, professional indemnity (PI) cover protects against legal costs and expenses involved in defending a claim, as well as compensation payable.
FFor some professions, regulatory bodies make it compulsory to have PI cover in place to carry out their work. Other professionals must have PI as part of a contractual obligation, whilst many choose this cover because of the protection and security it provides if their advice or service delivered fails to meet a client’s expectations.
This depends entirely on the policy. You’ll need to ensure that it provides adequate cover for your business’s professional service and the risks you may face.
The cost of PI insurance varies depending on different factors, such as the level of cover you need, the number of people you employ, your annual turnover and the risks associated with your business activities.
This is a marketing communication. SBID (International) Ltd is an Introducer Appointed Representative of Marsh Ltd and Marsh Commercial is a trading name of Marsh Ltd. Marsh Ltd is authorised and regulated by the Financial Conduct Authority for General Insurance Distribution and Credit Broking (Firm Reference No. 307511). Copyright © 2022 Marsh Ltd. Registered in England and Wales Number: 1507274, Registered office: 1 Tower Place West, Tower Place, London EC3R 5BU. All rights reserved.
Discover SBID Accreditation categories for professional interior designers.
BECOME ACCREDITED
Accreditation distinguishes a level of expertise that separates qualified professional interior designers from social influencers and hobbyists.
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SBID Accreditation is a marque of achievement that denotes professional competence defined by training and work experience. SBID is committed to equipping members with the tools they need for professional practice.
The Code of Conduct is a statement of principles and expectations governing the behaviour of members in their professional conduct. Members are expected to act at all times with integrity, honesty and objectivity.
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