Project Management Insurance

  • Compare quotes in minutes, with no obligation to buy
  • Buy online and receive coverage confirmation – instantly
  • Access only top-quality insurance companies (A-rated or better)

Get instant quotes

Professional Liability Insurance (aka E&O insurance) for Project Manager

As a project manager, you are the point person to ensure the success of a project. From selecting the right supplier to coordinating the project operation, your role covers a wide range of responsibilities. However, with new projects and plans comes an element of risk to things to not go according to plan.

When something goes wrong and a client becomes unsatisfied with your work, you have the potential of becoming accountable for damages, regardless if the claim is actual or alleged.

When mistakes happen, they can have a devastating impact on your finances and your reputation. Professional Liability insurance is there to provide protection from the risks you face as a project manager.

Professional Liability insurance comes into play when a third-party makes a claim against you for financial harm caused by advice or services your business has provided and can provide cover for your defence expenses, settlements and judged related to the claim.

It is important to extend your Professional Liability insurance long after the project has been completed as this is when the cracks can appear, and problems start to arise.

Project Management Insurance provides the following standard coverages:

  • Architects and Engineers Professional Liability
  • Architects, Engineers and Contractors Pollution Liability
  • Technology Based Services
  • Technology Products
  • Computer Network Security and Privacy Liability
  • Multimedia and Advertising

In addition to standard coverages, project managers often need the following coverage features:

  • Technology risk coverage for:
    • electronic transfer of data
    • copyright infringement
    • web-hosting functions
    • privacy liability
  • ADA/FHA/OSHA regulatory actions reimbursement extension
  • Defendants’ reimbursement extension
  • Disciplinary proceedings reimbursement extension
  • Reputation management reimbursement extension
  • Broad definition of insured – includes insured’s participation in joint ventures
  • Automatic 60-day coverage for acquired entities
  • Blanket waiver of subrogation provision for clients of the insured as required by contract
  • Punitive damages extension – where insurable by law
  • Mediation deductible credit

Did you Know?

If you have adequate professional liability coverage for your business, you will be protected against claims, judgments and court costs up to the limit of your policy.

Why Do Project Managers Need Professional Liability Insurance?

The role of a project manager is one that involves direction and coordination from the drafting table to the construction site, and it’s not a career that comes without risks.

A simple miscommunication or mistake could result in a costly claim, something which you could live without.

Even the most experienced project managers are exposed to the risk of mistakes happening, and even if a mistake wasn’t made, an acquisition of negligence could result in a costly lawsuit just in defence costs alone. This could be enough to cause extensive financial damage, enough to potentially put you out of business.

This is where Professional Liability insurance becomes vital to protecting your business and can provide coverage in the event if you are sued or a claim is made against you, covering your associated legal fees.

Not only should having the right insurance be part of your business plan, but it may also be a contractual requirement to work on certain projects that you have a Professional Liability policy in place. Your client wants to make sure that all risks for errors are covered.

Get instant quotes

I have been using Bizinsure for several years and find the ease of renewing as well as generating additional insured certificates to be easy and useful, especially as a sole prop. thank you
Michelle C.
1695060008
Kaleb tailored the right coverage to our business. Customer service was good and gave great understanding of coverage. Thank you from Goleda's Gentle Homecare LLC
Aneesah M.
1695056651
BizInsure is very easy to do business with, they contact me for policy renewal so I never miss it and renewing is very easy!
carrie W.
1695048243
A GOOD COMPANY FOR HEALTH CARE INC
Supreme A.
1694871640
Easiest & fastest online quote and purchasing experience out there. Inside of 10 minutes I had a quote, payment draft, and policy in force... and at the most competitive GL rates I found.
Rusty H.
1694699044
very quick and prompt service.
Sally Jo W.
1694180429
caleb was great in helping me navigate thecorrect liabilty insurance for my company
Lindsay Erin P.
1694135867
Friendly fast service I recommend you to all vendors
Terry R.
1694133043
Great
Kemi S.
1694119021
Great Customer service and easy renewal process!!!! I would refer this company to anyone.
Chris H.
1694038325
Great company easy to work with, Andrew was very helpful,you can call him any time he is ready to listen and help
Olu A.
1693959486
Good customer service indeed
BASSI T.
1693944217
I am really satisfied BizInsurance. I was having a hard time getting insurance for my business. And when I called them they was knowledgeable in what I needed for my business. Thank you now I can get started with my business. I’m excited.
Geneva B.
1693603091
Very helpful! The representative called me and got things fixed very quickly.
Carrie L.
1692930149
I’m covered! The process was easy and friendly agents to assist you with identifying the right choices.
The best customer service I have ever received over the phone!
Kristyn C.
1692043445
js_loader
Google Rating
4.6
Based on 180 reviews
×
js_loader