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There are good reasons to consider Professional Indemnity insurance from AIG

Day to day protection

Each day professionals need to make decisions and some of these may be questioned, perhaps as much as years afterward. Professional Liability allows the insured to do his job without always looking over his shoulder.

Long term peace of mind

Professional liability insurance covers claims that are actually made while the policy is in force, with the possibility to cover errors that happened years ago.

Different specialties, different risks

We insure a broad range of professional activities and recognise that the areas of risk or grounds for complaint are often quite different between them. That’s why our policies are designed around the real needs of particular classes of professionals – and from individual contractors to large firms.

Strong claims and defence experience

We have a proven track record of defending allegations against professionals. Our claims teams are Professional Liability specialists and understand the value of a rapid response, the sensitivity of commercial relationships and the importance of mounting the strongest possible defence.

Who is it for?

  • Lawyers (excess insurances)
  • Insurance brokers
  • Call centers
  • ICT companies
  • Interim managers
  • Management consultants
  • Intellectual property consultants
  • Advertising/marketing/communication agencies
  • Loss adjusters
  • Architects, engineers
  • Recruitment and selection agencies
  • Multimedia activities
  • Translators
  • Auditors
  • Accountants

What is covered?

  • General and products liability
  • The liability of the insured for damage to a third party, as a consequence of a professional error committed by the insured
  • The policy is on a claims made basis: the claim has to be made against an insured and has to be reported to the insurance company during the policy period.
  • Insurance of prior wrongful acts is possible
  • Liability of the insured for errors committed by subcontractors
  • Reconstitution cost of lost documents
  • Defence costs
  • Liability for an error that an employee has committed on purpose, if the insured is therefore liable as employer
  • Claims reported anywhere in the world, to the exclusion of the USA and Canada. USA and Canada can be insured as well on demand
  • Libel and slander, unintentionally committed by an insured
  • Unintentional infringement of intellectual property rights of third parties (with the exception of patents and trade secrets)

 

Main Exclusions

  • Known facts and circumstances
  • Contractual fines
  • Intentional wrongful act and certain gross negligent act, unless by non executive employees
  • Own exceeding of costs and time assessment

 

This site only contains an overview of the most important coverages and exclusions. Only the general and specific  conditions (“Insurance Policy”) provide an accurate, binding, description of the covers and exclusions.

It is necessary to fully analyse the Insurance Policy, as well as all other relevant documents with contractual and pre-contractual information before any decision to buy, underwrite, adhere to, accept, sign or conclude an insurance agreement.

Important Information

Here you will find information about how to request a quote with detail of premium calculation, the general and specific conditions, and/or other relevant documents with contractual or pre-contractual information, the duration of the insurance policy, the applicable law and jurisdiction, how to file a complaint or reach the ombudsman, etc.