Why do drafters need insurance?
If a drafter makes an error in a CAD drawing that negatively impacts a client, it could result in a lawsuit. Business insurance shields draftsmen from the high cost of professional liability lawsuits, as well as financial losses from injuries, property damage, and theft.
Find affordable coverage
Drafters can save money on business insurance policies by comparing quotes from top-rated carriers.
Fill out Insureon's easy online application to get free quotes and advice from a licensed agent.
What types of business insurance do draftsmen need?
These insurance policies cover the most common risks faced by drafters.
General liability insurance
A general liability policy covers basic third-party risks, such as a client who trips over a power cable in your office and breaks their smartphone. It's often required for a commercial lease.
- Slip-and-fall accidents
- Damaged customer property
- Libel, slander, and copyright lawsuits
Business owner’s policy
A business owner's policy, or BOP, is a cost-effective way for draftsmen to buy commercial property insurance and general liability coverage together.
- Customer bodily injuries
- Damaged customer property
- Business property damage and theft
Professional liability insurance
Professional liability policies cover financial losses when a drafter makes a mistake, such as a design flaw that causes an injury. It's also called errors and omissions insurance (E&O).
- Negligent design
- Errors in a technical drawing
- Failure to meet a deadline
Workers’ compensation insurance
Workers’ comp is required in almost every state for drafting businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
- Employee medical expenses
- Disability benefits
- Lawsuits over employee injuries
Cyber insurance
This policy helps draftsmen recover from data breaches and cyberattacks. It's strongly recommended for any small business that handles sensitive information.
- Client notification expenses
- Fraud monitoring services
- Data breach investigations
Commercial auto insurance
This policy helps cover the cost of property damage and injuries in an accident involving your business vehicle. Each state has its own requirements for auto liability insurance.
- Property damage caused by your vehicle
- Bodily injuries from an auto accident
- Vehicle theft and vandalism
How much does business insurance cost for draftsmen?
A drafter working independently will pay less for small business insurance than a larger company.
Average draftsmen insurance costs include:
- Professional liability: $109 per month
- General liability: $29 per month
- Workers' comp: $41 per month
Factors that affect premiums include:
- Drafting services offered, such as architecture or circuitry
- Business property and equipment
- Location
- Business income
- Types of coverage purchased
- Number of employees
- Years of experience
- Policy limits and deductibles
How do I get drafter insurance?
It's easy to get drafting business insurance if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance (COI) with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay for your policy and download a certificate
Insureon's licensed insurance agents work with top-rated U.S. insurance companies to find the right insurance coverage for your drafting business, whether you work independently or hire employees.
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