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Business Insurance for IT Project Managers
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Save money by comparing IT project manager insurance quotes
A missed deadline could spell disaster if your company doesn’t have business insurance. Protect yourself from lawsuits, injuries, and other risks with policies designed for IT project managers.
One application, multiple quotes
With Insureon, IT project managers can compare insurance quotes from top U.S. carriers online. One easy 15-minute application is all it takes.
What types of insurance do IT project managers need?
These policies provide coverage for common risks of IT project management.
Errors and omissions insurance
Technology errors and omissions, or E&O insurance, is popular with IT project managers. It can cover legal fees of lawsuits related to work performance.
BEST FOR
- Work mistakes
- Missed deadlines
- Accusations of negligence
Cyber liability insurance
This policy helps IT project managers survive data breaches and cyberattacks by helping to pay for recovery expenses, client notification, and other related costs.
BEST FOR
- Data breach lawsuits
- Client notification expenses
- Fraud monitoring costs
Fidelity bonds
Fidelity bonds compensate project management businesses and their clients if an employee takes property, money, or data from the business without permission.
BEST FOR
- Unlawful data access by an employee
- Unauthorized money transfer by an employee
- Employee theft or fraud
General liability insurance
This policy covers basic IT project manager risks, such as accidental damage to a client’s computer. Bundle with property insurance for savings in a business owner’s policy.
BEST FOR
- Slip-and-fall accidents
- Damaged customer property
- Libel or slander lawsuits
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for IT project management businesses with employees. It can cover medical fees for work injuries.
BEST FOR
- Employee medical expenses
- Missed wages
- Legal costs
Commercial auto insurance
This policy covers the cost of accidents involving a company car that belongs to a project management business, as well as damage to the car from theft or vandalism.
BEST FOR
- Car accidents
- Car vandalism and theft
- Weather damage to the car
Looking for different coverage? See more policies.
How much does technology business insurance cost?
Several factors will have an impact on insurance costs, including:
- Project management services offered
- Business equipment and property
- Revenue
- Location
- Number of employees
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Why do project managers need insurance?
IT project managers are responsible for the success of a project. When a client sues over a missed deadline or poor results, errors and omissions insurance can cover your legal fees. Other policies cover unexpected costs from injuries, data breaches, and damage to business or client property.