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Interim Manager

Interim Manager Insurance

What is an Interim Manager?

An Interim Manager is a professional who provides temporary management to a client on a contract basis, often during transitional or critical periods of business.

Interim Managers should use the Business, Management and Training Consultant option on the Qdos quote engine. Interim Management will then appear as a sub option.

What Insurance Does An Interim Manager Need?

Professional Indemnity Insurance

Most interims are required to carry Professional Indemnity insurance as a stipulation of the contract. Although the majority of work would be signed off by your client, the potential for mistakes always exists and allegations of negligence can often be based on opinion. With that in mind, this insurance will indemnify you in the event of a claim where it is alleged that you have made a financial loss to your client plus the liability found owing.

Public & Employers Liability Insurance

If you accidentally caused damage to your client’s equipment or injury/death to a third party (such as someone tripping over your laptop cable) you would be liable to pay for the damages involved. Public liability insurance will cover you in the event of a claim in the event of damage to third party property or injury/death to a third party including the costs and expenses, whereas employers liability will cover you in the event of injury/death to an employee.

Employers' Liability Insurance is compulsory for any business that has one or more employees whether they are permanent, part time or temporary. Your contract may still stipulate, however, that you hold this insurance regardless of your situation. Although Public Liability Insurance can be purchased alone, Employers Liability Insurance must be purchased as a combined policy with Public Liability Insurance.

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