shadow

Project management insurance

Planned protection

Pick a project management insurance package (if your turnover's under £25,000) or build your own.

Essential
Professional indemnity: £100k
Public liability: £1m
Portable equipment: £1k

£17.27

a month

Classic
Professional indemnity: £500k
Public liability: £1m
Portable equipment: £2k

£22.26

a month

Pro
Professional indemnity: £1m
Public & employers' liability
Portable equipment: £2k

£28.09

a month

Essential

£17.27

a month

Professional indemnity: £100k
Public liability: £1m
Portable equipment: £1k
Classic

£22.26

a month

Professional indemnity: £500k
Public liability: £1m
Portable equipment: £2k
Pro

£28.09

a month

Professional indemnity: £1m
Public & employers' liability
Portable equipment: £2k

The best prepare for the worst

Anything that can go wrong, will go wrong. Remember that and you've won half the battle.

But, even if you've seen a problem coming, your client won't be pleased if it leads to their loss. And as you're in charge, they'll ask you to pay for that loss.

So it's nice to know that project managers' professional indemnity insurance picks up the tab and fights your corner. Foresight is a wonderful thing.


Why do project managers need professional indemnity insurance?

You don’t.

It’d be great if we could say that and mean it. But we can’t.

Mistakes happen, accusations are made, solicitors get involved and clients want payback. Rightly or wrongly these things happen every day and, sooner or later, you could be on the receiving end.

A claim won’t go away if you ignore it. And there are no shortcuts. You have to Do Something About It.

So, you need professional indemnity insurance because you have a business to run; because you have limited funds; because you’re not legally trained; and because your reputation matters.

What else is there?

How much professional indemnity insurance do I need?

Professional indemnity insurance protects your business. No one else’s.

So you have to decide what level of cover is enough for you. Consider what you do, who you do it for and how much it’s worth. Think about worst-case scenario and what could go wrong. What’s the most expensive mistake you could make (or be accused of making)?

Always bear in mind that you can’t have too much cover. Your legal defence can cost many tens of thousands of pounds – and that’s before the compensation bill from your client arrives. Your level of cover has to be enough to cover all of this.

It’s a tricky one to get right. Have a read of this guide or call us if you need more help.

What does professional indemnity insurance cover?

Negligence claims and allegations made against you by clients and third parties, because of mistakes you’ve made and things you’ve failed to do.

Specifically (but depending on the policy wording):

  • Defamation
  • Intellectual property infringement
  • Loss of documents or data
  • Negligent misrepresentation or misstatement
  • Employee dishonesty
  • Virus transmission
  • Breach of confidentiality
  • Failure of third-party equipment

But that’s not all. Some professional indemnity policies can fix a mistake before your client is even aware of it, thereby preventing a claim in the first place.

Clever stuff.

What else do I need?

Public liability insurance is for when you go out and about on business, or have visitors to your office. It’s for claims of physical damage to property and people. Useful if you’re clumsy.

Employers’ liability insurance covers your business if an employee sues it for damages. Claims are usually because they’ve suffered injuries and illnesses as a consequence of working for you. It’s a legal requirement for UK businesses with employees.

Office and property insurance covers the things in your office (furniture, plants, fixed IT equipment etc) and portable insurance covers gadgets and technical equipment away from the office (laptops, tablets, projectors etc). If you’re not sure it’s worth insuring, add it all up – it’s probably worth more than you think.

Business interruption insurance means you can still work when your office is out of action. Be it flood, fire or flea infestation, you’re covered for the costs of setting up elsewhere and for any lost revenue in that time.

Directors’ and officers’ insurance covers your company bosses. Anyone from regulators to shareholders to competitors can accuse you of not running a business with due care. Worse, directors are personally liable for their actions. The good thing is this insurance covers your defence costs and any compensation you have to pay. So you can put away your chequebook.

Why should I buy my insurance from you?

Glad you asked.

The simple answer is: we know what we're doing. Professional insurance is all we do so we know what you need, even if you don't.

We also know that buying insurance can be, well, a bit of a pain. So we make sure getting yours is quick and hassle-free.

We do all that while treating you like a human being, too. You won't find a call centre here. Or a phone menu. And we've banned nonsense insurance jargon.

Anything else? Well, there's the free stuff you get, such as MOO Minicards. We have an 'I'm insured!' badge for your website too – perfect for the professional professional.

Also, you get to talk about your business in front of thousands on our blog, and we'll give you money each time you recommend us.

Plus, every insurance-related question you can think of is answered in our School of Risk, and you'll get our quarterly risk advice email – 'The Waggle' – to help you avoid problems in the first place.

If you're after a second opinion, have a look at our customers' feedback. They're the ones you should really listen to.

Buy online in minutes. Less admin, more business!
yay banner image
  • No admin charges
    For anything, ever
  • Buy online in minutes
    No forms, no fuss
  • Speedy service
    Less admin, more business
  • Interest-free Direct Debit
    Your budget, your way
What our customers say
testimonial quotation mark

Great value and quick officiant service. Very happy with my policy.

PolicyBee are very professional and efficient and the badge they send you afterwards really adds professionalism to my website. Obviously not had to deal with a claim yet but so far so good.

Simple easy steps to purchasing the right cover for the business needs at competitive pricing.

Refreshingly straightforward approach; very good people to deal with.

PolicyBee gave me an unbeatable quote online. The process was so easy and I was insured within minutes.

Feefo Feedback
More customer feedback feefo-slide-right

Need help?

No problem – we'll call you.

Hannah Tonge - our project managers' insurance expert

I'm Hannah,
our project managers' insurance expert.

Got a question? Need a quote? Call me on
0845 872 5074, or click
'Call me back'.

shadow