What’s the difference between Public Liability and Professional Indemnity insurance?

Public Liability and Professional Indemnity insurance provide essential, yet different types of cover for project managers. Public Liability insurance is important to your project management business. It is designed to provide protection for you and your business in the event a client, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities. On the other hand, Professional Indemnity Insurance is designed to respond to claims against your business for losses arising as a result of actual or alleged negligent acts or omissions in the provision of your professional consulting service or advice.

Do project managers need Cyber Liability insurance?

Take the time to think about the client data or personal information you may be storing and the severe consequences if it were compromised. Cyber Liability insurance is a type of business insurance product which protects your business against both the legal costs and expenses (including compensation payments) related to cybercrime incidents. In the event of a data breach, theft or loss of client information, this insurance will come in handy.

What is Management Liability insurance for project managers?

Your role as a project manager brings a great deal of responsibility. Management Liability insurance is designed to provide protection to both the business and its directors or officers for claims of wrongful acts in the management of the business.