Insurance For Project Managers
Keep your projects on track with insurance tailored for project managers.
Call Us: 1300 900 207
Get a FREE QUOTE
Complete the form to request a FREE QUOTE. Call us at 1300 900 207 for immediate response.
Professional Indemnity Insurance for Project Managers
Project managers handle complex projects where mistakes can be costly. Professional Indemnity Insurance protects you from claims of negligence, errors, or omissions in your work. It covers legal fees and compensation costs, helping you stay financially secure. Whether you manage construction, IT, or business projects, having the right insurance ensures you can focus on delivering results without worrying about unexpected claims.
What Does Professional Indemnity Insurance Cover?
- Financial Loss Coverage: Protects against claims where your service or advice resulted in a financial loss to your client.
- Legal Costs: Includes coverage for legal expenses incurred while defending against claims.
- Claims from Mismanagement: Protects against claims arising from alleged mismanagement or inadequate execution of project management duties.
Important Insurance for Project Managers
What other insurance might Project Managers need?
- Public Liability Insurance covers you if someone is injured or their property is damaged because of your work.
- Cyber Liability Insurance helps protect against data breaches and cyber threats, which is crucial in today’s digital world.
- Management Liability Insurance covers business owners and directors if they face claims over decisions they make while running the company.
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We are proud to provide trusted business insurance solutions, backed by 5-star Google reviews. Experience peace of mind with coverage tailored to your needs and exceptional customer service you can rely on.
Our Client-Centric Approach
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Help When You Need It – Our team is here to support you from setting up your project management insurance to handling claims, ensuring everything runs smoothly. If an issue arises, we guide you through the process, helping you get back on track with minimal disruption.
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Great Value Coverage – We work with top insurers to secure affordable Professional Indemnity and Public Liability Insurance without compromising on protection. You get comprehensive cover that meets industry standards while keeping costs manageable.
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Personalised Support – We take the time to understand your business, whether you manage construction, IT, or engineering projects. Our tailored approach ensures you get insurance that truly fits your needs, not just a generic policy.
Protect Your Projects with Expert Insurance
Coverscope has over 22 years of experience helping project managers across Australia secure the right insurance. Our expert brokers understand the risks involved in managing projects, from legal liability to financial losses. Whether you need Professional Indemnity Insurance, Public Liability Insurance, or Management Liability Insurance, we’ll find the right cover for your needs.
Get a Quote Today
Safeguard your business with tailored project management insurance. Contact us for a personalised quote and see how Coverscope can help protect you from unexpected risks.
Your Trusted Business Insurance Partners, Wherever You Are
For immediate response please give us a call.
Our team continues to work remotely but you are welcome to arrange an appointment with one of our consultants.
Get a FREE QUOTE
Complete the form to request a FREE QUOTE. Call us at 1300 900 207 for immediate response.
Did you know?
1,109,000
(in AUD) The total value of professional indemnity claims in the 2019 underwriting year in Australia.
(in AUD) The total value of professional indemnity claims in the 2019 underwriting year in Australia.
18,799
The number of professional indemnity claims paid in the 2019 underwriting year.
(APRA, National Claims and Policies Database, December2020)
768,000
The number of professional indemnity risks underwritten in Australia in 2021.
(KPMG General InsuranceInsights, December 2021)
Case Study
Michael is an engineer who designs the supporting foundations of a residential property. He makes an error with the site calculations – which leads to the slab cracking and damage to the property of the
owner. His company is liable for this loss, which could be anywhere between $150,000 to the full value of the house.
But, because Michael has professional indemnity insurance, he’s covered for this amount –as well as any legal expenses if the matter goes to court.
What usually isn’t covered?
Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer.
Policies generally won’t include cover for:
- Commercial liabilities
- Liabilities which results from fraud and dishonesty
- Pollution
- Unpaid fees
What types of insurance do project managers need?
Project managers typically require several types of insurance to cover the diverse risks associated with their profession.
- Professional Indemnity Insurance
- Public Liability Insurance
- Management Liability Insurance
- Cyber Liability Insurance
What makes insurance important for project managers?
Project managers need insurance because it:
- Acts as a financial safety net, covering risks that come with giving professional advice and services.
- Helps with legal costs and compensation claims that could otherwise put a serious strain on your business.
- Ensures you meet industry standards and contract requirements, which often make certain insurance policies a must.
Can I make a claim online?
Filing a claim with Coverscope is simple. You can submit it online by filling out a quick form and uploading your documents. Prefer to speak to someone? You can also make a claim over the phone or through your Coverscope broker.
What steps can project managers take to ensure that they have sufficient insurance coverage?
To stay properly covered, project managers should:
- Regularly review their insurance with a specialised broker, especially as their business and projects grow.
- Choose comprehensive policies that protect against risks unique to their industry.
- Work with Coverscope for tailored insurance solutions and expert guidance to make the process simple.
Some project managers need Professional Indemnity Insurance to protect against industry-specific risks. Those working in these fields often require cover. If you need guidance on the right policy, Coverscope’s experts are here to help.
- Civil Engineering
- Construction Management
- Electrical Engineering
- HVAC Engineering
- Acoustic Engineering
- Lighting Design
- Interior Design
- Architecture
- Landscape Design
- Quantity Surveying
- Agriculture Consulting
- Drafting & Surveying
Get in Touch
Simply fill in the form below and we’ll be in touch shortly, or feel free to call and tell us about your specific requirements.
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PO Box 7005, Mount Crosby QLD 4306
Our team continues to work remotely but you are welcome to arrange an appointment with one of our consultants.
Please complete the form to submit an enquiry.
