Professional Indemnity Insurance is commonly a key part of a Building Designer’s insurance program, but other covers may also be relevant depending on how the business operates.

These can include:

• Public Liability Insurance: Can provide protection against certain claims for personal injury or property damage arising from your business activities. This can be particularly relevant when visiting construction sites, client properties or other project locations.

• Cyber Insurance: Can provide protection against cyber incidents, data breaches, ransomware and other cyber risks. Building Designers often hold client information, plans and project documentation electronically.

• Business Insurance: Can provide cover for office contents, computers, laptops and other business property, depending on the policy selected.

• Management Liability Insurance: Can provide protection for companies, directors and officers against a range of management-related exposures.

• Commercial Motor Insurance: May be relevant where vehicles are owned by or used for the business.

• Workers Compensation Insurance: Businesses employing workers may have compulsory Workers Compensation obligations. Requirements vary between Australian states and territories.

The insurance required will depend on your business structure, employees, assets, contracts and the services you provide.

Contact our team if you would like help reviewing the insurance exposures associated with your Building Design business.