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Why Choose AIG for Professional Indemnity Insurance?

Professional Liability (also known as Professional Indemnity) allows whole the practice team to do their jobs without always looking over their shoulders.

Each day professionals need to make decisions and some of these may be questioned, perhaps as much as years afterward. Professional Liability insurance covers claims that are actually made while the policy is in force, even if the error causing it happened years ago. 

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 professional – and from individual contractors to large firms.

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The AIG Advantage

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.

AIG's Solutions

  • Professional, 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)

  • ICT Consultancy
  • Marketing Consultancy
  • Risk Management Consultancy
  • Strategic management, business development, change management
  • Education (except for schools) and development consultants
  • Translators
  • Advertising agency / telemarketer
  • Communication & PR Consultancy
  • Financial Consultancy (not auditor)
  • Legal consultancy (not lawyers)
  • Human Resource / Recruitment agent
  • Professional Associations
  • Publishing houses

  • 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.

Broker Toolkit

Each day professionals need to make decisions and some of these may be questioned, perhaps as much as years afterward.  A wrong calculation or advice can quickly lead to financial damage. Professional Liability allows the insured to do his job without always looking over their shoulder.

Best Fit & Minimum Premium

In case of doubt concerning what activity to choose, please contact AIG Dynamics at aigdynamics@aig.com

Best Fit

Intellectual service providers. For example: IT companies, management consultants
or project managers. In addition to the professions mentioned above, Professional Indemnity offers insurance options for other professional groups as well.

Minimum Premium

General premium starts from €1000.

AIG Online

Best Fit

ICT Consulting
Marketing Consultancy
Risk management consulting
Strategic management, business development, change management
Training and development consultants
Translators
Advertising agency / telemarketer
Communications & PR Consulting
Financial consulting (no auditors)
Legal advice (no lawyers)
Human resources / recruitment agency
Professional associations
Publishers

No Appetite For

Medical/Paramedic professions, Architects & surveyors; Interior Designers, Stability Engineers, Structural engineers, Construction promoters, Real estate agents, Manufacturing risks, Organization physical activities / event planners, Bookkeeper, accountant, auditors, Lawyers, notaries, Intermediary, Offshore, Aviation, Traders, Project Policies

  • No construction related occupations
  • No occupations with a real risk of physical harm to third parties
  • Professional liability should be the primary safeguard

Minimum Premium

Via AIG Online: €450 (coverage €150,000) or €550 (coverage €250,000).

IPID

Find here the Information Insurance Protection Documents

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