Victor O. Schinnerer & Company’s Risk Management Department recently released two new publications on interior design risks.
The first, a claims study, reviews the most severe claims that Schinnerer’s program has seen. One such claim involved a French floor shipped to the U.S. under climate-controlled conditions that did not meet the client’s expectations once installed.
Although investigations pointed to the little or no responsibility on the part of the interior designer, the case was settled for $235,000.
Three other scenarios, along with their costs, are highlighted in the study.
The second new resource, Managing Risk through Contract Language:
Interior Designers, reviews common contractual language that may be a source of claims against interior designers.
Through the use of examples from standard form agreements, the booklet discusses how contracts can be used to avoid disputes surrounding issues such as green design, the purchasing of furniture, furnishings and equipment and others. This book is a companion to Schinnerer’s Managing Risk Through Contract Language.
These resources were published as reference tools for interior designers insured under the CNA/Schinnerer DesignOne program for interior designers. Through CNA/Schinnerer, interior designers can purchase professional liability (E&O) and property & casualty insurance, among other lines of coverage.
For more information, visit www.Schinnerer.com.
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