Professional Indemnity Insurance for Construction Project Managers
Construction project managers provide professional advice that directly influences project outcomes, costs and timelines. When that advice proves negligent, Professional Indemnity Insurance provides essential protection.
Risk Exposure
Why Construction Project Managers Need Professional Indemnity Insurance
Project managers are trusted advisors who make decisions affecting programme, cost, quality and risk on behalf of their clients. When those decisions prove wrong, the financial consequences can be severe.
Claims against project managers typically arise from inadequate cost control, failure to manage programme effectively, poor procurement advice, or failure to identify and manage project risks.
Most clients will not appoint a project manager without evidence of Professional Indemnity Insurance, and the required limits are often substantial given the value of projects under management.
Scope of Cover
Typical Activities Covered
Illustrative Claims Scenarios
Typical Claims Scenarios
The following scenarios are illustrative examples only and are intended to demonstrate the types of claims Professional Indemnity Insurance is designed to respond to.
Procurement Advice Failure
A project manager recommends a procurement strategy that results in the appointment of an unsuitable contractor. Project delays and additional costs follow, and the client pursues a Professional Indemnity claim.
Cost Overrun Failure
Inadequate cost monitoring allows a project to exceed budget significantly before the client is properly informed. A Professional Indemnity claim is made for the excess costs and wasted expenditure.
Proposal Information
What Underwriters Usually Ask
When we approach the market on your behalf, underwriters will typically require the following information. We guide you through this process.
Why Choose PLB
Specialist Project Managers PI Brokers
Sector Expertise
We understand the specific professional risks facing project managers and arrange cover that responds to your actual exposures.
Market Access
Access to specialist Professional Indemnity underwriters and markets with experience in this sector.
Personal Service
Deal directly with experienced PI specialists who know your sector — not a call centre or an algorithm.
Frequently Asked Questions
Project Managers — Common Questions
Get Started
Request a Quotation
Complete the form and a specialist Professional Indemnity broker will review your Project Managers activities and contact you within one working day.