Insurance for Architects & Designers
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- Comprehensive industry specific policy wording
- Multiple levels of cover to select from
- Instant paperwork online
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Why do Architect and Designers need it?
All good designs start with a solid blueprint and protecting your architectural skills should be part of your business master plan. Don’t let the worry of a building blunder keep you awake at night. Why not compare quotes for Architects and Designer insurance today from the friendly team at BizCover? Taking out a policy is as easy as the click of a button, so you can get straight back to the drawing board of grand designs!
Insurance for Architects and Designers
Professional Indemnity
Professional Indemnity (PI) insurance provides essential financial protection for Architects and Designers to safeguard their businesses for claims made against them in carrying out their professional services or advice. It provides cover for damages and claimant costs awarded against you, costs incurred such as legal and defence costs, claims investigation costs, inquiry attendance costs as well as public relations costs.
Professional Indemnity insurance may not be mandatory for Architects and Designers. However it may be a requirement to meet the conditions of many clients as well as tender processes.
BizCover’s professional indemnity insurance offer covers occupations such as:
- Architect
- Interior designer
What is typically covered?
A small mistake in an architect’s work can have huge and expensive consequences. Professional Indemnity insurance helps shield architects and designers against a wide range of potential risks that could cripple your small business. These include:
- Errors, mistakes and omissions in your work or professional advice
- Missed deadlines and undelivered services
- Professional negligence
- Breaches of contract
What is typically NOT covered?
While Professional Indemnity insurance can help shield you against many claims resulting from your work, it does not provide protection for:
- Intentional damage
- Any circumstances or claims that are known before your insurance period begins
- Acts of dishonesty and fraud
- Accidental injury and property damage
Public Liability
Do you need it? If you have regular contact with clients, contractors and the general public, then the short answer is yes. Public Liability insurance is an important form of cover to protect you from financial losses arising from a claim of 3rd party property damage or accidental injury (not covered by the ACC) as a result of you going about your business, even if you rent your premise.
What is typically covered?
Architects and designers may face many Public Liability claims in their day-to-day work. Public Liability insurance commonly covers:
- Damage to a third-party’s property
- Financial loss resulting from damage to a third-party’s property
- Injury, illness or death (that is not covered by the ACC) that is caused by your negligence
What is not covered?
While Public Liability insurance can protect you against many common claims, it does not provide cover for:
- Employee injuries
- Damage to your own property
- Compensation when a personal injury is covered by the ACC
Business Insurance*
our clients are your bricks and mortar, but where would your business be without the assets needed to help make their plans a reality? Not having the right cover in place could cost your company more than a pretty penny, creating a whole host of unwanted challenges.
Having some form of cover in place to protect your contents (including IT equipment), and premises from the risk of damage caused by fire, storms, theft, vandalism or even earthquakes, gives you peace of mind so you can sleep at night.
You can even add Business Interruption insurance which is designed to help your business get back into the game by covering the increased costs of running your business and lost revenue whilst it is out of action due to an insurable event.
Cyber Liability
As an architect or designer, your plans, designs are prized intellectual property it is what makes you stand out from the crowd. Unpleasant as it may be, but what would you do if a competitor found a way to steal your original designs?
Storing personal information and client information online means you are instantly at risk of potential cyber attacks and data breaches.
Reinforce your cybersphere with Cyber Liability insurance., providing protection covering extortion costs, fines and penalties, investigation and data recovery costs, business interruption costs and PR/crisis management costs.
What is typically covered?
Cyber Liability can help your small business bounce back after a cyberattack, hack, or data breach. Policies typically cover:
- Costs associated with investigating an attack and data recovery
- Business interruptions costs
- Fines and penalties
- Extortion costs
- Costs associated with PR and crisis management
15000+ NZ
small business covered
Could this happen to your business?
An architect designed a house for an elderly couple and miscalculated the size of a cavity for a hidden sliding door. The builder of the house raised the issue early on but to no avail. The architect initially blamed it on poor print quality of the site plans and told the builder to carry on.
Near completion, it was clear that the particular doorway in the house that required access by a mobility scooter was not wide enough whilst the sliding door was “hidden”. The owners asked the architect to pay for all remedial costs that included moving walls and re-modelling an adjacent room. Fortunately, the cost of the professional error was paid for by insurers without having to appoint a legal defence counsel.
Frequently asked questions
Insurance can help shield architects and designers against a variety of risks, from claims of negligence or damaging a client’s property to equipment breakdowns and cyber-attacks.
Architects and designers face many unique risks that insurance can help protect them against. They regularly give clients advice based on their expert knowledge and training, and often visit clients in their business premises or homes. They may also have their own offices to consider, including any equipment, tools, and client information that may be stored there. There are different insurances to protect against each of these risks. It may be wise as an Architect to explore insurances such as Professional Indemnity, Public Liability and Cyber Liability insurance.
In the event of a claim, without insurance, you could be left holding the bill for costly claims or lawsuits. The out-of-pocket expenses associated with legal action could be financially devastating for small business owners. Insurance could help architects and designers stay in business even if the unexpected comes their way.
Architects and designers are busy people with a lot on their schedule each day. That’s why BizCover has made it quick and simple for them to find, compare, and buy insurance to protect their small businesses.
In just minutes, you can compare multiple quotes from selected leading NZ insurers. There is no complex paperwork to fill in, and you can buy a policy whenever it fits your schedule, day or night. You’ll even receive your policy documents instantly, so you can get right back to work!
Hear from our customers
Real-life customer reviews verified by Feefo
Efficient
Trusted Customer
Efficient and great price
Quoted and bought insurance online, very quick and a great price.
Definitely worth
Burnett B
BizCover is definitely worth their word. Quick easy understandable cover
Straight forward
Trusted Customer
It is very straight forward and easy to understand and you can choose whatever you need for your business.
Easy to choose
Pavan K
Easy to choose business insurance. The search and the options provided were very simple and straight forward, didn’t expect it to be that easy.
Fast, friendly and efficient
Kylie T
The customer service agent was excellent. He explained to me clearly all the questions I had. Can’t be beat on price for the policy I needed and I was contacted within half an hour of my enquiry. Policy was confirmed on the phone. Excellent.
Real-life customer reviews verified by Feefo