This type of insurance covers construction managers against the costs associated with defending claims of professional negligence or mistakes made in the course of their work.
Tailored insurance cover for
Construction
Managers
Professional Indemnity Insurance
Public Liability Insurance
Management Liability
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Construction managers' insurance requirements can be complex
Our job is to find you a competitive insurance option for your construction engineering activities, and provide tailored advice about what's in your best interests.
Construction engineers specific requirements
1.
Typical works undertaken
- Planning and Design
- Site Preparation
- Materials Procurement
- Safety Management
- Scheduling and Budgeting
- Supervising Construction
- Quality Control
- Project Close-out
2.
Possible risks faced
- Allegations of professional negligence
- Inadequate design or specification
- Poor project management
- Incorrect certification
- Damage caused to the environment
- Products designed that fail or cause harm
- Bodily injury or physical damage caused
- Data loss or business data breached
3.
Recommended insurance
- Professional Indemnity
- Public Liability
- Management Liability
- Property Insurance
- Cyber Liability
- Workers Compensation
Recommended
Insurance
We recommended construction engineers take out the following insurance policies.
Professional Indemnity Insurance
Do you need it?
Professional Indemnity Insurance is not typically required by law for construction managers, however, it is considered a best practice by many in the industry. Having this type of insurance in place can help protect your business against the financial impact of claims, while maintaining a good reputation.
How much do you need?
The limit of Professional Indemnity Insurance required by a construction managers will depend on the size and type of your business, as well as your individual requirements and risk exposure. By speaking with one of our insurance brokers, we will be able to determine these factors and advise you on a suitable amount of coverage for your business.
Public Liability Insurance
Public Liability Insurance covers construction engineers for damages or injury caused to third parties, such as clients or members of the public, as a result of their work.
Property Insurance
An important insurance for construction engineers, Property Insurance provides cover against damage or loss to your own property or equipment as a result of fire, theft or other perils.
Workers' Compensation Insurance
What is it?
Workers’ Compensation Insurance covers construction engineers for injuries or illnesses sustained while working, providing financial support for any medical expenses and lost wages.
Why do you need it?
It is important as a construction engineer to have Workers’ Compensation Insurance to protect you from liability claims arising from employee injuries.
Typical Works
Undertaken
Construction managers undertake a range of activities throughout the course of their duties.
- 1. Planning and Design
- 2. Site Preparation
- 3. Materials Procurement
- 4. Safety Management
- 5. Scheduling and Budgeting
- 6. Supervising Construction
- 7. Quality Control
- 8. Project Close-out
1. Planning and Design
Construction managers review blueprints and project plans to determine project requirements, budget, and timeline.
They work closely with architects, surveyors, and other professionals to ensure that the design of the project meets the requirements of the client including works on projects such as:
2. Site Preparation
Supervision of site preparation activities, such as soil testing, excavation and grading, is an important part of construction engineers’ day-to-day tasks. They ensure that the site is prepared for construction, and that any potential hazards are identified and addressed.
3. Materials Procurement
Construction engineers coordinate the procurement of construction materials and equipment, ensuring that they meet quality standards. They work with suppliers and contractors to ensure that materials are delivered on time and within budget.
4. Safety Management
Construction engineers implement and monitor safety procedures to ensure a safe working environment for all construction workers. They ensure that workers are trained in safety procedures and that safety equipment is provided and used properly.
5. Scheduling and Budgeting
To ensure that projects are completed on time and within budget, construction engineers develop project schedules, monitor progress, and control costs.
6. Supervising Construction
Construction engineers oversee construction crews, resolving technical issues, and ensuring work is completed according to project specifications. They work closely with contractors and subcontractors to ensure that work is completed to a high standard.
7. Quality Control
Construction engineers conduct inspections and tests to ensure that construction materials, equipment, and finished products meet required standards. They identify and address any issues that arise during the construction process.
8. Project Close-out
Construction engineers coordinate final inspections and testing, prepare as-built drawings, and ensure that all project documentation is complete. They ensure that the project is completed to the satisfaction of the client and that all necessary approvals are obtained.
Insurance advice you can trust
Engineer specific policies
We have access to tailored insurance policies suitable for construction engineers.
Quick up front pricing
We can provide an instant price estimation for insurance cover for your activities.
Multiple quotes
For more complex engineering activities, we can source additional insurance quotes.
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Frequently Asked Questions
Is Professional Indemnity Insurance required for construction managers?
Professional Indemnity Insurance is not typically required by law for construction managers, but it is considered a best practice by many in the industry. Having this type of insurance in place can help protect you against the financial impact of claims and help maintain a good reputation.
How much Professional Indemnity Insurance do construction managers need?
The limit of Professional Liability Insurance required by construction managers will depend on the size and type of your business, as well as your individual requirements and risk exposure. By speaking with one of our insurance brokers, we will be able to determine and advise you on a suitable amount of coverage for your business.
What other types of insurance do construction managers need?
It’s recommended that construction engineers also have General Liability (Public and Product Liability), Workers’ Compensation, Commercial Auto, Cyber Liability and Business Interruption Insurance. Our experienced insurance brokers will tailor an insurance package specific to your needs and risk profile.
What risks do construction managers face in their work?
Construction managers may face a variety of risks, including claims related to errors, omissions, or oversights in their work, as well as risks associated with injury, property damage, and liability.
Can Professional Indemnity Insurance be purchased after a claim has been made?
Professional Indemnity Insurance is typically a ‘claims made cover’, which means that coverage must be in place at the time a claim is made in order to provide protection. It is important to have this insurance in place before a claim is made to ensure effective protection.
How can construction managers reduce the risks they face in their work?
Construction managers can reduce the risks they face by following best practices in their work, such as conducting thorough project planning and risk assessments, maintaining accurate records, and communicating effectively with clients and other stakeholders. Having suitable insurance coverage ensures that if something does go wrong, you and your business are protected.
What is Workers’ Compensation Insurance and why is it important for construction managers?
Workers’ Compensation Insurance is a type of insurance that provides benefits to employees who are injured or become ill as a result of their job. It is important for construction managers to have Workers’ Compensation Insurance to protect themselves from liability claims arising from employee injuries.
What is General Liability Insurance?
General Liability Insurance covers costs associated with third-party claims of injury or property damage that may occur during construction work. It is important for construction managers to have this type of insurance to protect themselves from liability claims arising from accidents or property damage.
What is Cyber Liability Insurance and why is it important for construction managers?
Cyber Liability Insurance covers costs associated with data breaches, hacking or cyberattacks that may impact the construction business. It is important for construction engineers to have this type of insurance to protect themselves from liability claims arising from cybersecurity incidents.
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