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There are good reasons to consider Professional Liability insurance from AIG

Day to day protection

Each day professionals need to make decisions and some of these may be questioned, perhaps years afterward. Professional Liability allows the whole practice team to do their jobs without always looking over their shoulders.

Long term peace of mind

Professional liability insurance covers claims that are actually made while the policy is in force, even if the error causing it happened years ago. So it should be kept up to date; otherwise there’s no protection against the undiscovered consequences of work done in the past.

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 professional – and from individual contractors to large firms.

Strong claims and defence

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?

As noted, AIG offers solutions designed around professional classes and business size:

Law firms
Brokers and insurance agents;
Individual professionals (lawyers, accountants, consultants)
Fixed covers for professionals connected with Orders / Unions / Associations or individual portfolios of mediators (Lawyers, Accountants, Notaries, consultants, ...);
Architects, Engineers and Project Companies
Management or marketing consulting firms
Computer companies, E-commerce or Call centres
Temporary Employment Agencies
Media and Communications companies (publishing, advertising, television, radio ...);
Telecommunications companies
General services companies;

What is covered?

Primary and Excess professional indemnity Insurance on a Civil Liability Basis for Accountants and Accountancy Firms. Cover for Fidelity, Loss of documents, Damages awarded by ombudsman, ODL cover provided to extent of accountancy activities, Worldwide Territorial Limits, Defence costs in addition to Policy limit.

Primary & Excess Professional Liability cover for Construction Firms in respect of breach of duty of care including errors and omissions, dishonesty of employees, unintentional infringement of Intellectual Property Rights, loss of documents & Defamation. Defence costs in addition to Policy Limits and excess not applicable to defence costs.

Primary and Excess Layer Protection for IT Consultants, Telecommunications Consultants, Software developers etc. against claims in respect of breach of duty including, Negligent Act, Error or Omission, Misstatement, Misrepresentation, Breach of Confidentiality. Infringement of Intellectual Property Rights, dishonest or malicious acts by employees, Loss of Documents.

Primary & Excess cover for Insurance Brokers / Intermediaries, available through our current facilities/ schemes, in respect of Civil Liability, Dishonesty of Employees including directors & partners, loss of documents, damages awarded by ombudsman and compensation for court attendance.

Primary & Excess Professional Liability cover for Management Consultancy Firms in respect of breach of duty of care including errors and omissions, dishonesty of employees, unintentional infringement of Intellectual Property Rights, loss of documents & Defamation. Defence costs in addition to Policy Limits and excess not applicable to defence costs.

Primary & Excess Professional Liability cover for a range of Marketing & Media Businesses including Broadcasters, advertising agents, Public Relation consultants, Direct Marketing & Marketing Consultants; errors and omissions, including libel & slander, Defamation, Unintentional Infringement of Intellectual property rights, Defence Costs in addition to Policy Limits and excess not applicable to defence costs.

Primary & Excess Layer Protection Any Employment / Recruitment Firm. Professional Liability For breach of duty of care including : negligent act, error, omission, misstatement and breach of confidentiality. Defamation, dishonesty of employees, will consider vicarious liability of temporary placements. Defence costs in addition to policy limit and excess not applicable to defence costs. 

Primary & Excess cover for Civil Liability for Solicitors & Solicitor Firms, available through our panel of broker partners. Complies with Law Society’s minimum insurance cover requirements. Defence Costs in addition to the Policy Limit and excess not applicable to defence costs.

Most professional or quasi professional individuals / firms including Arbitrators, Conference Organisers, Translators, Loss Adjusters etc. Primary & Excess Layer Professional Liability, errors and omissions. AOC & AGG Limits considered. Dishonesty of Employees, Defamation, Unintentional Infringement of Intellectual Property Rights.

Any University or college of Further Education. Cover Includes Breach of duty of care, dishonesty of employees, unintentional infringement of Intellectual property rights, defamation and loss of documents. Primary & Excess cover provided.

(Public/Products Liability available also): Primary Professional Liability cover for a range of Alternative and Holistic Therapy practitioners; errors and omissions, including libel & slander, Defamation, Unintentional Infringement of Intellectual property rights, Defence Costs in addition to Policy Limits and excess not applicable to defence costs.