Quick, easy and personalised business insurance for project managers.Get a quote
Our business insurance for project managers offers comprehensive cover for a broad range of risks that you face on a daily basis.
What it costs for cover and your peace of mind, makes our engineering insurance a worthwhile investment, because the alternative if a claim is made against you and you’re not insured doesn’t bear thinking about.Start your quote
Project Management insurance is designed to protect you against the unexpected – for example, something going wrong during a project for a client that results in a financial loss, such as a system you are managing going down and causing business operations to halt as a result.
The indemnity insurance policy will provide cover to protect you and your business against the legal action against you in the event that you made a mistake in your work.
As a project manager, you will likely be responsible for the scope, schedule, finance, risk, quality and resources for any given project that you are contracted to oversee.
As a result, this exposes you to potential difficulties on six fronts, making the possible instance of an error and a negligence claim more likely.
Knowing that you are carrying the right level of insurance protection can give you the reassurance you need to concentrate on your work in case something goes wrong.Start your quote
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Protects against claims of alleged negligence in your professional services, advice and designs.
Protects against claims of injury to third-parties or damage to a third-party's property.
A legal requirement for anyone employing staff. Protects your business in-case an employee is injured at work.
Cover for contract disputes, tax investigations, court attendance, debt recovery, and more.
Cover for work injuries, illnesses caused by work and compensation awards.
Protection for losses from, fraud, dishonesty, theft, bribery, forgery, and loss investigations.
Covers your business in the event of a malicious attack on your computer systems and data.
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The insurance policy will provide cover for claims including:
You oversee the development of a new in-house project, but due to unforeseen circumstances you lose control of the schedule and the project misses the agreed launch date. Your client understands the situation, but is forced to pursue a professional indemnity claim against you to recover the extra costs incurred because of the delay. Professional Indemnity insurance would provide cover in this instance.
Errors in your budget calculations mean that the project requires more funding than originally agreed. The client makes a claim against you for your error to recoup the extra costs incurred. Professional Indemnity insurance would respond to provide cover in this instance.
With Caunce O’Hara’s intuitive online quote and buy system you can get an indicative quotation for your project management insurance in a matter of minutes.
As an example: a project manager with an annual turnover of up to £50,000, who needs Professional Indemnity insurance with an indemnity of £500,000 of cover (in any one claim) could pay as little as £271.25 per year. (Figure correct at 18.11.2021).
Apart from Professional Indemnity insurance, project managers will likely be asked to ensure they carry Public Liability insurance as part of their contractual to protect the clients’ property and members of staff.
It is also important to note that if you are a self-employed business owner, a claim can be made against you personally with unlimited personal liability, therefore Directors and Officers insurance is a valuable insurance policy which will cover you in this instance.
Public Liability insurance and Directors and Officers insurance are provided as part of our Business Combined Liabilities insurance policy.
Our Legal Expenses insurance will provide you with cover for costs incurred from a legal occurrence that your indemnity and liability insurance doesn’t cover, such as the costs incurred from an IR35 tax investigation or the expenses incurred from jury service.
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Our understanding of the freelance sector and the challenges you face daily, enables us to tailor our insurance products to meet your needs. Contact us to talk about your insurance requirements and to better understand the insurance we offer.Get in touch