Professional Indemnity Insurance is one of the main covers Project Managers need to consider because it addresses certain claims arising from professional services, advice and project management activities.

Depending on the business, other insurance can include:

• Public and Products Liability Insurance
• Management Liability Insurance
• Cyber Insurance
• Business Insurance
• General Property Insurance for portable equipment
• Workers Compensation where applicable
• Commercial Motor Insurance
• Contract Works Insurance where the business accepts responsibility for physical construction works

Why does the Project Manager’s role matter? #

A Project Manager providing:

• Advisory services
• Project coordination
• Contract administration
• Reporting

can have different exposures from a business that:

• Engages subcontractors
• Provides design services
• Supervises physical construction
• Performs construction work
• Accepts responsibility for completed works

Professional Indemnity Insurance should not be assumed to cover physical construction risks or every contractual responsibility accepted by the Project Manager.

The insurer should understand the complete services and responsibilities undertaken.

You can read more on our Project Management Insurance page.

Contact our team if you need help reviewing insurance for a Project Management business.