Our Professional Organizer Insurance Covers:
- General Liability
- Business Personal Property for all locations
- Business Auto
- Workers Compensation
- Professional Liability and 3rd-party Crime
A professional organizer is someone that helps a person, organization, or business organize any physical or digital space that may exist. This includes removing items that are not wanted or needed, aiding in decision making, and setting up systems of organization, whether that be shelving, labelling, filing, or any other form of management.
When working as a professional organizer, it can be easy to forget that there are any number of challenges that may arise that could cost your and your professional organizer business lots of time and money. By finding an appropriate professional organizer insurance policy for your business, you can rest assured that your business will not be lost, while keeping both you and your client’s belongings safe as well.
What Kind of Insurance Does a Professional Organizer Need?
Unfortunately, many times general liability coverage (while necessary) does not adequately cover you and your business in the event that a problem occurs. As a result, professional liability insurance is highly recommended for a professional organizer business in order to ensure that your business will not incur the costs of any issues that your client may have had with your businesses’ performance.
A client may accuse you of not following through on a project or say that you did not complete the project to their specifications. Without the proper professional liability insurance, you may find yourself bogged down in endless legal battles that cost you time and money that you do not have.
What kinds of questions should I be expected to answer when I am applying for an insurance policy? Why do insurers ask all of these questions?
When you apply for an insurance policy, you will be asked a number of questions. For example, the agent will ask you a number of demographic questions such as your name, age, sex, address, etc. In addition to these demographic questions, you will be asked a number of other questions which will be used to determine what type of risk you are.
For example, when an insurance company is deciding whether or not to offer auto insurance to a potential policy owner, it will want to know about the person’s previous driving record, whether there have any recent accidents or tickets, what type of car is to be insured and various other types of information.
All of this information will be used for two purposes. First, based upon the responses to these questions, the insurance company will decide whether the profile of the applicant is consistent with the type of risks the insurer is trying to attract. Some insurers specialize in offering insurance to only very safe drivers and therefore will only accept applications from people who fit the profile of a safe driver.
Second, once the insurer has decided that your risk profile is consistent with the types of risks it accepts, the answers to the questions will be used to determine which rate to charge you. For example, the insurance company will decide whether you should be offered insurance at the high-risk driver rate or the low-risk driver rate.
Collectively, this entire process is known as the underwriting process. The primary function of the underwriting department in an insurance company is to decide whether or not to offer insurance to a person who has completed an application.
If the answer is yes, then the underwriting department seeks to determine the “quality” of that risk so that the proper premium can be charged. That is, high-risk people should pay more than low-risk people.
Protect Your Organizer Career with PenEx’s Professional Organizer Insurance
Do not risk you and your businesses health, safety, and financial well-being by going without an adequate insurance plan for interior designers. Contact our skilled agents at PenEx today for a free quote on professional organizer insurance and to discover what will best work for you and your business.