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

So very easy. What a great service.
Cherice Williams is the best and very easy to talk to 😊
The process was easy to maneuver.
Good service
Jennifer was amazing, informative and guided me to exactly what was needed to cover my business. Highly recommend.
First of all the agent I spoke with was very kind and helpful. Her name is Andrea. I appreciate the easy and quick online application to purchase my insurance.
I worked with Amy on getting professional insurance and she was fantastic! Some of the best customer service I’ve experienced in a long time. She was diligent and supportive, but never pushy.
The process was smooth and everyone answered questions along the way as needed. Andrea’s follow-up was excellent. Thank you!
Jen was awesome
I have been with Bizinsure for many years and they are always up to date with the latest policy information and the most competitive rates!
My interaction with the agent was very pleasant and she answered my questions. She also responded very quickly when I had questions.
BizInsure understood exactly what I needed and provided an affordable quote. The process was easy and I'm glad I used their services!
Our company has been with BizInsure since 2020. we are very happy with the service they provide.
Just started but the process was easy. Agent was kind and the price was great.I will see how the service is going forward, but starting was very easy and inexpensive.
Customer service was great! I got the help I needed!
Super A rated and affordable coverage.
Dina and Ashleih were so helpful! They made our package work for us. Grateful for the quick service.
I want to thank you for making my insurance search so simple and efficient. I also appreciated the easy communication options, which helped me make the right purchase decision. I'm really grateful for your company's support!.
Jenifer S. was the agent that I worked withi to secure general liability insurance. She was very knowledgeable, helpful and worked diligently to ensure that.my coverage needs were met and for a great price. I would definitely recommend her to others as she was a pleasure to work with.
The agent was very knowledgeable and was very quick in handling my request.
Good customer service
Fast friendly professional service
Jennifer was fabulous. Quick & easy quote for GL/PL coverage and saved me money over previous policy. My wife referred me - she's always right!!
Representative was very kind, helpful, and educated me well. I especially appreciate their professionalism and patience.
Been with this company for about 4 years. They have provided me with excellent coverage, user-friendly technology and very low rate. As an accountant, they are my first choice for my small business clients.
Absolutely the easiest, absolutely the fastest, the best I can tell the lowest cost. For many businesses, Insurance is a dirty word, because it's complicated and we're actually so busy minding our business that when complicated insurance issues get in the way, it slows us down. But not with these guys. Biz Insure LLC has figured it out and thank goodness they have...
Thanks, you for your service
I want to say thank you for all the hard work the agent put in with me. She was glad to hear from me. Very pleasant to deal with and solved my needs
Thank you for your professionalism and patience and helpfulness with my insurance needs for my new business. Thank you, Amy Raley as well for all of your help - you are sincerely appreciated and you are an asset to BizInsure LLC!
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
Agent was precise and clear with explanation. Getting a quote was fast and easy. Thank you
Easy to renew Policy
BizInsures insurance is easy and affordable. Employees are well courteous and professional.
js_loader
Google Rating
4.7
Based on 368 reviews
×
js_loader