Consider project management protective liability insurance

Project management protective liability insurance (PMPL) has become an important tool in the management of extensive construction projects. Conventional liability coverage may not offer sufficient protection. Consider the following:

• Since large construction projects carry a high degree of risk, your general liability insurance may have limitations and restrictions that wouldn't provide adequate protection against loss.
• You may assume the risk of loss from many different circumstances, including costly delays, bodily injury or supplier issues.
• Contractor general liability insurance can't name you as an additional insured. If you're working with a smaller company, their liability limit may be only one million dollars or less.
• For these reasons and many more, it may be in your best interest to carry specific management liability insurance.

Advantages of project management protective liability insurance

The advantages of project management protective liability insurance include:

• Construction liability insurance 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 the specific project.
• Management liability insurance provides a single source of responsibility for claims.
• Project management protective liability insurance provides coverage for all the professional consultants on the project.
• Owners can be named as an additional insured.

An experienced liability insurance broker at HDF can explain the advantages in further detail.

HDF Insurance - Management liability professionals

Contact HDF Insurance brokerage in Edmonton before you begin you next construction project in Alberta or British Columbia. We can design a comprehensive, affordable management liability insurance plan that will provide the protection you deserve.

Our products are designed to protect and control losses. From construction liability insurance and contractor general liability insurance to architect or engineering liability insurance, call us to discuss all your management liability requirements.