Can Construction Managers (CMs) obtain professional liability insurance?

Construction Managers (CMs) can indeed obtain professional liability insurance, which is important for protecting themselves and their businesses against claims of negligence, errors, or omissions in the services they provide. This type of insurance is a key component of risk management in the construction industry, as it provides financial coverage for legal defense costs and settlements or judgments that may arise from such claims.

Having professional liability insurance helps construction managers maintain their credibility and competency in the eyes of clients and stakeholders, as it demonstrates a commitment to professional standards and risk mitigation. It's particularly valuable in a field where projects can involve substantial financial investments and where the potential for disputes or liability is significant.

While the other options may reflect common misconceptions, they don't accurately capture the general ability of construction managers to secure this essential form of insurance. Thus, the notion that construction managers can obtain professional liability insurance is foundational to their practice and professional responsibilities in the construction industry.