Project manager insurance
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Rated 4.7/5
Based on 39,246 reviews
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For 80% of settled claims
Why do you need project management insurance?
No two projects are alike. Even something you’ve done a thousand times before will have its own quirks – but life can get frustrating when the what-ifs take over. Professional indemnity insurance, built into a project manager insurance policy, can help take care of the risks, letting you move the team forward.
- protection from large claims if there’s an error or accident
- cover for your tools and equipment like your laptop, phone or tablet
- professional indemnity insurance for project managers, covering specific risks
What does project management insurance cover?
From the typical project to clients and sectors you’d like to work with, you know your business best. So we put you in control of what goes into your policy, whether it’s just cover for your own accidents or mistakes, or if you need to factor in an employee or two.
Public liability insurance
In case someone is injured or property gets damaged because of your business.
Employers’ liability insurance
In case something happens to an employee while they’re working for you.
Professional indemnity insurance
In case you’ve made a mistake in your work, or run into a claim for negligence.
Business and office equipment insurance
In case something happens to equipment like your laptop.
Legal expenses insurance
In case you face legal costs while running your project management business.
Personal accident insurance
In case you or anyone you’ve covered has an accident, at work or off duty.
Public liability insurance
In case someone is injured or property gets damaged because of your business.
What’s typically covered by public liability insurance project management?
Claims against your business for:
- injury or damage to someone’s property, caused by you or as a result of your work
- accidental damage or injury caused by your employee(s), if you have any
If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.
For example:
- you’re working in a client’s office and accidentally knock a laptop off a stand-up desk, damaging the screen
- your client’s office manager trips over a box of kit you’ve left on the floor, breaking their wrist
Read more about public liability insurance
Employers’ liability insurance
In case something happens to an employee while they’re working for you.
What’s typically covered by employers’ liability insurance?
Claims against your business for:
- an employee suing you for injury or illness as a result of working for you (includes temp staff and casual workers)
**Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.**
For example:
- your employee hurts their eye on a job with you and needs hospital treatment, because they weren’t given the right PPE (personal protective equipment)
- you’ve hired a temp for a big project and they hurt their back while moving heavy equipment between meeting rooms
Professional indemnity insurance
In case you’ve made a mistake in your work, or run into a claim for negligence.
What’s typically covered by professional indemnity insurance for project managers?
Claims against your business for:
- professional negligence and breach of contract causing your client a financial loss, which may include:
- advice you’ve given which turns out to be incorrect
- errors in your work which cost your client money
For example:
- you’ve miscalculated the time needed for testing on an IT transformation project, delaying the client’s launch date
- the project misses a tight deadline, and your client is forced to pull someone off another project to get the work completed
Read more about professional indemnity insurance
Business and office equipment insurance
In case something happens to equipment like your laptop.
What’s typically covered by business and office equipment insurance?
- theft of the equipment you use to run your freelance business (operational equipment, not specific trade tools)
- accidental loss of your operational equipment
- flood, fire or accidental damage
For example:
- while travelling to the client’s office, you leave your laptop in a taxi
- a fire in your home office damages all of your computer equipment, as well as an expensive bespoke desk
Read more about business and office equipment insurance
Legal expenses insurance
In case you face legal costs while running your project management business.
What’s typically covered by legal expenses insurance?
- legal costs associated with day-to-day operations, like an employee dispute
- legal costs you incur as a result of property damage, nuisance or trespass
- HMRC tax and compliance issues, if they come up
- includes a tax advice helpline, a 24/7 confidential legal helpline and crisis PR support to help you protect your reputation as a talented project manager
For example:
- you dismiss an employee and need to defend your legal rights
- your home office is vandalised and you need to raise a legal case
Read more about legal expenses insurance
Personal accident insurance
In case you or anyone you’ve covered has an accident, at work or off duty.
What’s typically covered by personal accident insurance?
- injury or death of anyone you’ve chosen to cover in your policy – whether this happens at work or elsewhere
- lost income, hospital bills or other medical costs associated with the accident
For example:
- you’re out running an errand on your lunch break and trip over the curb, breaking your ankle
- your employee breaks their leg at a wedding, and needs time off work for hospital treatment
Read more about personal accident insurance
How much does project management insurance cost?
Find out how much you’ll pay by comparing prices from a range of trusted insurers. You choose what goes into your policy, so you only pay for what you need.
Prices start from £5.48 per month
Get your quotes in 7 minutes – prices are guaranteed for 30 days.
Get your tailored quotes in 7 minutes
How we work out example prices We take the highest price from the bottom 10 per cent of all our customers paying in monthly instalments (based on data from 1 July - 31 December 2020). Most customers pay more than this but some pay less.
Example project manager insurance quotes, real prices
£102.20 /month
£908.41 /year
A self-employed office-based project manager working in the local community
- 2-3 years' experience
- Sole trader
- No employees
- Based in Swansea
Public liability
£1,000,000
Employers’ liability
Not included
£281.65 /month
£2503.59 /year
A small project management company working on construction and machinery-commissioning projects
- 5+ years' experience
- Limited company
- 3 employees
- Based in Salford
Public liability
£5,000,000
Employers’ liability
£10,000,000
Professional indemnity
£1,000,000
How we work out example quotes These examples are real quotes from our online system (created 05/03/2021). They’re based on a range of factors, like employees and location. Your own quote will be based on what you tell us about your business. Prices may go up or down from day to day, so the prices you’re quoted may differ to the ones you see here.
What kind of excess should I expect?
An excess is an amount you pay towards any claim you make on your insurance. For example, if your excess is £250 and you make a claim worth £1000, your payout will be a maximum of £750.
| Insurance cover | Lowest excess | Highest excess |
|---|---|---|
| Public liability | £100 | £2500 |
| Employers' liability | No excess | No excess |
| Professional indemnity | No excess | £2500 |
| Business and office equipment | £50 | £750 |
The figures above are for guidance only and any excess applying to your quote may differ. You’ll get a breakdown of the excesses for each quote when you compare with us.
How it works
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We handle claims, so you can get on with business
How do I choose insurance?
Making sure you have the right type and level of business insurance can be the difference between getting a claim paid and having to cover the cost of an expensive accident yourself. Read our tips for guidance on what to consider when buying a policy.
Which type of workers do I need insurance for?
Does project management insurance cover my work correctly?
Do I need cover for other types of work?
Which public liability cover limit should I choose?
Which type of workers do I need insurance for?
Employers’ liability insurance is a legal requirement if you employ people.
If you have people working for you, including bona fide subcontractors (BFSC), labour-only subcontractors (LOSC), part-timers, or full-time staff, employers’ liability insurance is required by law.
Read on for our simplified guide to the difference between labour-only subcontractors and bona fide subcontractors.
Does project management insurance cover my work correctly?
Make sure you're picking the right cover to protect you properly. It's important to know that if you have another trade or job, you'll need additional cover. For example, do you need to consider builders insurance or carpenter insurance?
Do I need cover for other types of work?
If you provide these services alongside building work, make sure you’re covered:
Other types of insurance
Which public liability cover limit should I choose?
Think about the maximum possible loss your business could face in the event of a claim, and make sure you take legal fees and damages into consideration. You can choose from three levels of coverage – £1 million, £2 million, or up to £5 million.
Talk to an expert
Our team of UK-based insurance experts are here to help, Mon 09.00am - 05.30pm, Tues 09.00am - 05.30pm, Weds 09.00am - 05.30pm, Thurs 09.30am - 05.30pm, Fri 09.00am - 05.30pm, Sat 09.00am - 02.00pm
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How do claims work?
Unlike price comparison websites, we take the hassle out of claims for you. We know how important it is to get your business back on track quickly – and with a minimum of fuss. That’s why you get access to your dedicated claims any time, day or night. Call them on 0333 207 0560 or claim online. They’ll do their best to be fair and supportive. The figure below is rounded across our range of products. Our claims process may vary for different products and operates on a ‘claim by claim’ basis.
£30 million in claims paid out in 2019
Paying 80% of settled claims within 24 hours in 2019
Chosen by 750,000 small businesses
We started out as a team of five back in 2005. We’ve grown since then with 600,000 customers across 1,500 trades now trusting us to provide their business insurance.
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Rated 4.7/5
Based on 39,246 reviews
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Project management insurance FAQs
Whether you’re new to buying business insurance or you’ve been trading for a while, here are the answers to some commonly asked questions about project management insurance. You can also check out our business insurance FAQs.
Professional indemnity insurance can protect against the specific risks that project managers face. It can cover costs relating to claims made by clients who’ve lost money because of your work – for example, due to missed deadlines or negligent mistakes. It’s one of the most popular covers for people who provide advice or a professional service, or who handle client data and intellectual property.
Certain professional bodies and regulators require their members to have professional indemnity insurance, especially if you’re working in the legal, accountancy, architectural or healthcare sectors. But you may want to take out a policy of your own accord, for good basic protection, and to be ready for specific projects as they come up.
In many cases, clients will only work with you if you’re properly protected. And a good professional indemnity policy helps reinforce that all-important peace of mind.
Yes. It’s important to make sure you have the right type and level of insurance for the different types of work you do. For example, if you’re a project manager, you may also do some occasional programme management consultancy – you’ll need additional cover for this, but you can have it all on the one policy. When you start your quote, you’ll have the option to add another trade or profession to your policy. If you need to add a third trade, give us a call on 0333 043 8527 and one of our insurance experts will help you set up your policy in minutes.
If you change your business legal structure from sole trader to limited company mid-way through your policy, give us a call straight away on 0333 0146 683. It’ll only take us a few minutes to cancel your existing policy and replace it with one that correctly covers your new legal structure. It’s worth bearing in mind that your insurer and premium amount may need to change.
This will depend on whether you have employers’ liability insurance in place. Public liability insurance is designed to protect your business against the consequences of legal action brought by members of the public for injuries or damage to their belongings. But when it comes to your employees causing injury or damage, this protection only activates if you also have employers’ liability insurance.
If you employ people, you’re required by law to have employers’ liability insurance.
There’s one exception here. Family businesses that aren’t incorporated as a limited company are not legally required to have employers’ liability insurance. The government defines a "family business" as one where all your employees are closely related to you (as a spouse, civil partner, sibling, child, parent, grandparent, grandchild, step-parent, stepchild or half-sibling). So if you run an unincorporated family business and you choose not to get employers’ liability insurance, it’s important to know that your public liability insurance wouldn’t cover you against damage or injury caused by your team.
We create this content for general information purposes and it should not be taken as advice. Always check policy documentation for details and seek professional advice. Read our full Terms and Conditions
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