Skip to main content

Comprehensive Insurance For Project Managers

Ensure your projects run smoothly with comprehensive insurance designed for project managers. From unexpected challenges to financial security, this coverage offers the peace of mind needed to focus on delivering results with confidence.

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.

Name(Required)
Postcode(Required)
This field is hidden when viewing the form
For zoho mapping

Specialist Insurance Brokers For Project Managers

Professional Indemnity Insurance for Project Managers

Project Managers operate in a highly dynamic and risk-prone environment, necessitating robust insurance coverage to safeguard against potential liabilities. Professional Indemnity Insurance is crucial for project managers as it provides financial protection against claims of negligence or errors in the services delivered. This type of insurance typically covers legal costs and damages awarded against you, ensuring your financial stability is maintained even in adverse situations.

Get A Free Quote

Key Coverages in Professional Indemnity Insurance

  • 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​.

Added Insurance Needs for Project Managers

Besides Professional Indemnity Insurance, several other policies are vital for comprehensive coverage:

  • Public Liability Insurance: Ensures protection if your business activities injure a third party or damage their property​​.
  • Cyber Liability Insurance: Offers coverage against data breaches and other cyber threats, which is especially important in today’s digital-first project environments​.
  • Management Liability Insurance covers: claims against the business’s directors or officers for wrongful acts in managing the company​.
Get A Quote Today

5 Star Google Reviews

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.

coverscope business insurance 5 star google reviews 1

Our Client-Centric Approach

  • Expert Claims Handling: Our team of experts is dedicated to supporting you from the initial insurance setup to the claims process, providing guidance and quick resolutions to ensure minimal disruption to your business​.
  • Competitive Premiums: Leveraging strong industry relationships, we offer competitive pricing without compromising the breadth or depth of coverage​.
  • Custom Support: At Coverscope, we believe in a partnership approach. We listen to your needs and tailor our offerings to align perfectly with your business goals. We provide bespoke solutions that truly fit​.

Why Choose Coverscope?

Coverscope has over 22 years of experience working with construction, mining, and agriculture businesses across Australia. We have dedicated brokers in your industry, so you know your business is in good hands.

Get a Quote Today

Ready to protect your investment and secure your business’s future? Contact us for a tailored insurance quote and see how Coverscope can improve your risk management strategy.

Contact Us

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.

Name(Required)
Postcode(Required)
This field is hidden when viewing the form
For zoho mapping

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.

What makes insurance important for project managers?

Project managers must have insurance coverage because it:

  • Functions as a safety net against the financial risks that come with providing professional services and advice.
  • Protects against potential legal expenses and compensation payments that could be financially devastating otherwise.
  • Guarantees adherence to industry standards and contractual obligations that frequently require specific types of insurance.

Can I make a claim online?

Coverscope offers online claim filing processes, making it straightforward to submit a claim. Fill out our online form and upload the necessary documents. Alternatively, claims can be made via phone or through your Coverscope broker.

What steps can project managers take to ensure that they have sufficient insurance coverage?

To ensure adequate coverage, project managers should:

  • Regularly review your insurance needs with a specialised insurance broker as your business and the scale of their projects change.
  • Consider comprehensive policies that cover a range of risks specific to their operations.
  • Coverscope can tailor insurance solutions to your specific needs and help navigate the complex insurance landscape.

It’s important for certain businesses and industries to have professional indemnity insurance coverage. This includes, but is not limited to, the following industries. If you require assistance with obtaining professional indemnity coverage, our team of experts at Coverscope are available 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.

  • 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.