Not only is the policy customized for the specific needs of interior designers, but it can be tailored for each individual's unique situation. For instance, the policy offers insureds such options as retroactive coverage and an extended claims-reporting period. Insureds have the option of purchasing additional ADA coverage up to the full policy limits. Coverage applies to architectural services performed in conjunction with design services that do not substantially alter the structure of the building. An enhancement to the basic Professional Liability Insurance policy offers insureds coverage for claims involving the buying, selling or installation of finished materials, furnishings or equipment.
Payment is subject to the applicable limit of liability for indemnity.
Ritter Insurance Agency, Inc., established in 1958, serves as the program administrator for IIDA's Professional Liability Coverage Program. As program administrator, Ritter Insurance has formed the Design Professionals Risk Purchasing Group, Inc., a nonprofit Rhode Island corporation. This Risk Purchasing Group was established pursuant to the federal Liability Risk Retention Act, which authorizes the placement of Liability Insurance for homogeneous groups. In this litigious time you, as professionals, realize the need to protect yourselves and your assets. The need for professional liability for the interior designer is here today.