Program and cost control
Claims that delay, budget or scheduling failures caused a client loss.
Project Manager Professional Indemnity
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Project Manager Professional Indemnity
Professional indemnity for project and construction managers.
Project management claims are usually about time and money rather than a physical defect. A program that slips, a variation approved without authority, or a progress payment certified against work not actually done all create loss that lands back on the manager. Professional indemnity generally responds to claims that the way a project was managed caused a client financial loss.
What is it?
Project managers deliver construction, infrastructure, fitout and technology projects, covering procurement, contract administration, cost and program control, and superintendent or contract administrator roles under standard forms such as AS 4000 and AS 2124. Certification through the Australian Institute of Project Management is common, and head contracts frequently set both the limit and the period of cover required.
What does project manager professional indemnity cover?
Superintendent duties
Exposure from certifying claims, extensions of time and variations.
Procurement advice
Claims about contractor selection, scope or contract terms you recommended.
What affects the cost?
- Project types and capital values
- Whether you act as superintendent
- Fee income and largest single project
- Head contract limits required
- Claims history
Worth raising on the call
- Acting as superintendent adds a certifying role that is assessed separately.
- Head contracts often require cover to continue for years after practical completion.
- Engaging subconsultants can extend your exposure to their errors as well as your own.
Claims we are commonly asked about
Program slips past completion
A commercial fitout runs eleven weeks late after long lead joinery was ordered without checking shop drawing approval dates against the program. The tenant claims holding costs, extended rent on the premises it could not vacate and lost trading, and the head contract points straight back at the manager's program.
Progress claim certified too early
A superintendent certifies payment for structural work that site records later show was only partly complete, and the builder enters administration before the gap is closed. The principal claims the overpaid amount from the person who signed the certificate.
Extension of time granted without grounds
An extension is approved for weather days that do not meet the contract test, which releases the contractor from liquidated damages. The principal claims the damages it can no longer recover, and the file is examined for the reasoning behind the assessment.
Worth confirming in the wording
- Worth confirming whether pure delay and liquidated damages claimed against you are addressed, since delay-only loss without physical damage is treated differently across wordings.
- Worth confirming that the superintendent or contract administrator role is named in the insured business description rather than assumed to sit inside general project management.
- Worth confirming how subconsultants you engage are treated, and whether the insurer expects them to carry their own cover at a matching limit.
Common questions
Does professional indemnity cover cost overruns on my project?
Generally only where the overrun is said to follow from a negligent act, error or omission in your professional services, not simply because the project cost more than planned. Scope growth the client approved, market escalation and contractor pricing are usually the client's own commercial risk. How the line is drawn is set by the policy terms.
My head contract requires cover for seven years after completion. How does that work?
Professional indemnity is typically written on a claims-made basis, so what matters is having a live policy when the claim is made, not when the work was done. Meeting a long tail obligation usually means renewing continuously, or arranging run-off cover if you stop trading, with the retroactive date reaching back to the project.
Do I need it if I contract through my own company?
There is no licensing requirement for project managers in Australia, so the driver is usually contractual. Principals, head contractors and government panels commonly specify a professional indemnity limit and a period of cover before they will engage you, and the entity named on the policy needs to be the entity signing the contract.
What does project manager professional indemnity cost?
It depends on the profile rather than a standard rate. The main drivers are fee income, the capital value of the projects you run, whether you act as superintendent or certifier, the sectors you work in, the limit your contracts require and your claims history. A broker can price it once those are known.
General information only. Cover, limits and exclusions depend on the PDS, TMD, eligibility, underwriting and the policy terms. See professional indemnity insurance for the wider picture.
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