Designer Insurance - Risk Management For Creative Minds

The innovations of designers have transformed the lives of millions of people. Take some of Britain's most iconic designs. The Spitfire, Concorde, Red Telephone Boxes, The Mini & The World Wide Web. All rank amongst the most original, symbolic & influential designs ever made.

Designers are people who desire to create. Their work takes into consideration not only how something will look, but also how it will be used & how it will be made-from the clothes that we wear, to the cars we drive, the websites we use, the office space we inhibit, and the publications we read. They produce a visual language that help companies sell products, create demand inspire confidence and increase profits.

As creative people with entrepreneurial minds, many designers work independently as self-employed consultants. Such work can be hugely challenging & rewarding, but in today's litigious society it is not without risk.

A Legal Duty Of Care

As 'professional's' design consultants owe their clients a legal duty of care. If that duty of care is breached, by making a mistake for example, a client can claim compensation for damages caused by negligence. With litigation escalating, client's, whether individual's or corporations are more likely to seek compensation than ever before.

For example, a Graphic Designer could be sued for breach of copyright, printer error & consumer loss. A Website Designer could be sued for loss of data or developing a site with poor useability. These are everyday claims scenario's that Designers need to guard against. The time & money required to defend such claims could easily bring one's business crashing down.

Designer Insurance - The Role Of Professional Indemnity Insurance

Professional Indemnity Insurance is designed to cover 'Professional's' in the event they are sued by third parties who claim that they have suffered financial loss as a result of negligent actions. It provides protection (up to the policy limit) against having to pay damages and legal costs. Even if the policy holder has done nothing wrong, but a client alleges negligence on their part, the policy will still pay defence costs.

Professional Indemnity cover includes; negligence, breach of copyright, breach of confidentiality, libel & slander & loss of data & documents. With Designer insurance premiums starting from as little as £150 per annum its a useful risk management tool to safeguard one's business against unexpected incidents.

Specialist policies are available from UK brokers that cover a multiple of activities, website designers, interior designers, graphic designers etc - all a Designer has to do is decide what level of cover is right for their business.

Article Resource:-

http://www.coulsonpritchard.com/articles/designer-insurance.asp

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