PI for project managers covers claims that your planning, oversight or approvals caused a client a loss. IT and business project managers usually buy $1m to $2m; construction projects ask for more.
Source: https://piinsurance.com.au/project-managers/, fetched from the preview https://pi-react-4ee768.pages.dev/project-managers/ on 10 Nov 2026; site dated 3 Nov 2026. Preview wording, not yet broker-reviewed. General information, not advice.
Site label: Usually asked for in client contracts.
Why you need it: your clients
Project managers buy PI because clients require it. In construction, head contracts often set the limit and may ask for a run-off period after the job.
Typical limits
$1m to $2m for IT and business projects. $5m or more on construction projects.
What can go wrong
Illustrative scenarios, not real claims.
A go-live that slipped by three months
Your plan missed a dependency, the launch slips and the client pays staff and vendors for the extra time. They claim the overrun from you.
A subcontractor paid for work not done
On a fit-out you approve a progress claim based on a site report. The work was not complete, the subcontractor goes broke and the client claims the overpayment.
Common exclusions to watch
- Cost overruns you guaranteed
- Design work, unless declared
- Construction defects themselves, as opposed to your advice
- Contractual liability beyond what the law would impose
Wording differs between policies. Read the policy wording, or ask us to point out what it says.
Types of project managers
IT project managers
Usually contracted through a recruiter or panel, $1m to $2m.
Construction project managers
Rated with the built environment, often $5m and a run-off period.
Event project managers
Usually paired with public liability.
Common questions
Do project managers need professional indemnity insurance?
Project managers buy PI because clients require it. In construction, head contracts often set the limit and may ask for a run-off period after the job.
How much PI cover do project managers need?
$1m to $2m for IT and business projects. $5m or more on construction projects.