IT project managers are responsible for the success of a project, and can take the blame when something goes wrong. E&O insurance covers legal costs if a client sues over a missed deadline or poor results. Other policies help pay for workplace injuries, data breaches, and common accidents.
These insurance policies cover common risks of IT project management.
This insurance for professional services protects against legal fees related to work performance. It's also called E&O or professional liability insurance.
This policy helps IT project managers survive data breaches and cyberattacks by helping to pay for recovery expenses. It's recommended for any business that handles sensitive data.
Fidelity bonds compensate project management businesses and their clients for employee theft and fraud. They are sometimes required by client contracts.
This policy covers basic IT project manager risks, such as client injuries. Bundle with commercial property insurance for savings in a business owner’s policy (BOP).
Most states require workers' comp for IT project management businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy covers the cost of accidents involving a company car that belongs to a project management business. Most states require it for business-owned vehicles.
It's easy to get IT project manager business insurance if you have your company information on hand. Our insurance application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed agents work with top-rated U.S. providers to find insurance coverage that fits your business, whether you work as an independent professional project manager (PMP) or as part of a corporate project team.