Project managers are often blamed for delays, worksite accidents, and budget overruns. Insurance for construction project managers provides financial protection against lawsuits, property damage, and injuries.
This policy protects against common third-party risks, such as visitor injuries at a construction site. It's often required by commercial leases and client contracts.
A BOP bundles general liability insurance with business property insurance. It's often the most cost-effective type of insurance for construction project managers.
This project manager liability policy provides financial protection against lawsuits related to missed deadlines, failure to meet client expectations, and other errors and oversights.
Workers’ comp is required in almost every state for project management businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Construction project manager insurance is often required by clients, lenders, and state regulations. Yet these requirements are just a few of the reasons to get insured. With the right insurance policies, project managers are financially safe from incidents that could devastate a small business: a fire at a construction site, a worker injury, or a lawsuit over project delays.
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