When your work falls short of meeting a client’s goals, the result could be a lawsuit. Insurance for IT project managers can cover lawsuits from dissatisfied clients, injuries, property damage, and other expenses that can sink a business.
Clients, landlords, or state laws may require project managers to carry insurance. Business insurance can prevent financial losses in the event of an injury, property damage, lawsuit, or data breach.
E&O insurance can help pay an IT project manager's legal costs if a client sues over the quality of your work. It's also called professional liability insurance.
This policy helps your project management business recover from a data breach or cyberattack. It also helps you pay for client lawsuits related to a breach.
A fidelity bond provides protection for your business if a client accuses one of your employees of theft. It’s also called an employee dishonesty bond.
A BOP includes both general liability and commercial property insurance at a discount. Most small project management businesses qualify for this policy.
General liability insurance pays costs associated with common business lawsuits. It's often required in project management contracts and commercial leases.
State law usually requires that IT project management businesses with employees purchase this policy. It helps pay medical costs for work injuries and illnesses.
A lawsuit or data breach can devastate your project management business. Prevent financial losses with policies tailored for your needs.