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Project managers’ insurance

Even small mistakes cause big problems. Protect your work, your reputation and your bank balance with professional insurance for professional people.

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Professional indemnity
from £13 a month for £100,000 cover

Professional indemnity insurance defends you against claims of negligence, breach of confidentiality, dishonesty, libel and slander. We offer up to £10,000,000 cover.

Public liability
£4.20 a month
£1,000,000 for physical damage and injuries caused by your business
Employers’ liability
£3.50 a month
£10,000,000 legally required cover for employers
Based on an annual income of up to £25,000. All prices include IPT at 12%. Quote online for turnovers up to £5,000,000, or call and talk to an expert.
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?

Deadlines are funny things. If you’re not careful they’ll slip away quietly, leaving chaos in their wake. Good job you’re around to keep an eye on things, then.

Thing is, your clients’ plans and budgets rely on those deadlines being hit. If it’s your job to make sure that happens, you’d better be prepared for when it doesn’t.

Professional indemnity insurance isn’t exactly a fail-safe, but it’ll certainly help. If you’ve got some explaining to do, your policy pays for a solicitor to find the right words. But if the words aren’t enough, you’ve made a mistake and you have to compensate your client, it pays for that too.

Having it means you can spend more time on plan A: running your business.

How much professional indemnity insurance do I need?

This depends almost solely on what you do and how much it’s worth to your client. And that doesn’t just mean what they’re paying you – you need to think about the whole project value too.

Worst case, if everything went wrong, how much could your client claim against you? Twice your contract value? Four times? Ten times? Whatever it is, it’s a good idea to have a level of cover higher than your most pessimistic ‘maximum probable loss’ figure.

That way, you can be sure everything’s covered, right down to the last zero on your solicitor’s bill.

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 choose us?

We know business insurance. And we know how to deliver a stress-free and quick service that can sort out your insurance in a few clicks.

The best part? You can do it all online. From getting a quote to having your documents delivered straight to your inbox.

Don’t worry, though. Our expert advisers are on-hand to answer any questions you might have. Just give us a call.

You won’t have to tackle jargon with us, either. We always speak in plain English and keep everything as simple as possible.

As a bonus, you’ll also get some extras with your insurance:

Still not convinced? Take a look at our customer feedback.

What our customers say...
Excellent, especially as there were some important changes that needed to be made.
They kept in touch and I had one person who dealt with my whole renewal from start to finish.
Management Consultancy
9 July 2024
wonderful service and great price
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2 June 2024
Efficient and friendly service. Paperwork provided in good time and staff member concerned was very helpful.
Quality Auditing and Consultancy
26 May 2024

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