Project management insurance, or more accurately project management protective liability insurance, (PMPL) has become an important tool in the management of extensive projects. Since large projects carry a high degree of risk, project management insurance can help you avoid the risk of loss from costly delays, bodily injury, supplier issues or inadequate coverage.
Project Management Liability Insurance Offers Better Protection
This specialized product goes above and beyond general liability insurance, which may have limitations and restrictions. The benefits of project management insurance include:
- Coverage is in effect at the beginning of the design process through completion, and up to three to ten years afterward
- Premiums and limits are dedicated to a specific project
- Provides coverage for all professional consultants on the project
- Owners protective liability – owners can be named as an additional insured
- Project management liability insurance provides a single source of responsibility for claims
HDF – Management Liability You can Trust
Before you begin you next project in Alberta or British Columbia, whether in construction, IT, oil and gas, or engineering, contact the knowledgeable professionals at HDF Insurance. With over 30 years of experience, we can design a comprehensive, affordable management liability insurance plan that will provide the protection you deserve.