Professional Liability Insurance (Errors & Omissions): This type of insurance, also known as E&O insurance or professional indemnity insurance, provides coverage for claims of negligence, errors, or omissions in providing design services. It protects against legal fees, settlements, and damages if a client alleges that the designer's work caused financial harm or dissatisfaction. General Liability Insurance: General liability insurance provides coverage for bodily injury and property damage that may occur during the course of business operations. It protects against claims from clients, contractors, or third parties who suffer injuries or property damage as a result of the designer's work. Business Property Insurance: Property insurance protects the physical assets of the design business, including computers, software, office furniture, and other equipment, against damage or loss due to events such as fire, theft, vandalism, or natural disasters. Commercial Auto Insurance: If the designer uses vehicles for business purposes, such as traveling to client sites or transporting equipment, commercial auto insurance provides coverage for liability, property damage, and injuries resulting from accidents. Cyber Liability Insurance: Cyber liability insurance protects against data breaches, cyberattacks, and other cyber risks that could compromise sensitive client information stored electronically. It provides coverage for costs associated with data recovery, notification expenses, legal fees, and regulatory fines or penalties. Workers' Compensation Insurance: If the design business employs other individuals, such as drafters or administrative staff, workers' compensation insurance is typically required by law. It provides coverage for medical expenses, lost wages, and disability benefits if an employee is injured or becomes ill while performing job duties. Business Interruption Insurance: This insurance provides coverage for lost income and ongoing expenses if the design business is temporarily unable to operate due to a covered event, such as a fire, natural disaster, or other disruptive event. It helps cover rent, utilities, salaries, and other fixed costs during the period of interruption. Directors and Officers Insurance (D&O): D&O insurance protects the personal assets of the design business's directors, officers, and executives against claims of wrongful acts or management decisions. It provides coverage for legal defense costs, settlements, and judgments arising from lawsuits alleging breaches of fiduciary duty, negligence, or other wrongful conduct. Crime Insurance: Crime insurance protects against losses resulting from crimes such as theft, fraud, or embezzlement. It provides coverage for financial losses, legal fees, and restitution if the design business is victimized by criminal activities. Business Owner's Policy (BOP): A BOP combines several types of insurance coverage into a single package designed for small businesses, such as design firms. It typically includes general liability, property insurance, and business interruption coverage, offering convenience and cost savings compared to purchasing individual policies separately.