Professional Indemnity Insurance for Computer Consultants. PI Insurance.

The Insured was hired as the Project Manager, for a major project. The project was to manage the implementation of a new IT system and to appoint IT contractors.

Early on in the project, it became apparent that the Project Manager was negligent in their duties, as deadlines were regularly missed and delays occurred. The customer became frustrated at this and they were sacked.

A claim was then made against the Project Manager for negligence, due to their poor management of the project and the increasing costs of hiring new IT contractors.

Professional Indemnity insurance was in place to mitigate the effects of this claim, by covering the costs of the compensation that the Insured was required to pay.

Further information on PI insurance for Project Managers.