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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 as much as years afterward. Professional Liability allows whole the 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. 

What is covered?

This program provides professional liability coverage for over fifty classes of professionals providing services for a fee to others. Coverage is written on a claims made basis; prior acts coverage is available to ensure continuity of coverage. Coverage for defense costs incurred in conjunction with a claim or suit filed against an insured are included in limits of liability.

Who is it for?

Any entity which performs services for a fee for others which would not be covered under other AIG company programs, i.e. various consultants, administrators, service providers. For example, publishers, management consultants, pharmacists, opticians, real estate agents, property management, loss adjusters.

For firms based outside of the USA and Canada, coverage may be written on a worldwide basis, including the jurisdictions of the USA and Canada. For USA and Canadian companies, coverage plans are offered for foreign operational exposures and for liabilities arising from products exported from the home country.

Professions:

  • Architects and Engineers
  • Accountants
  • Corporate Services
  • Real Estate
  • Technology
  • Telecom
  • Outsourcing
  • Professional, Managerial & Employment Practice Liability

We offer very flexible coverage terms: policies are essentially manuscripted to provide tailor-made coverage for any class of professional. Unlike other markets, we will quote "start-up" operations subject to satisfactory experience of principals and key employees. Extensive knowledge of local customs, markets and laws with a worldwide network of underwriting and claims offices.

Protects law firms and its partners, directors and employees from claims arising from activities arising out actions as a lawyer or notary. Coverage may also be available for activities as an outside director of a third party corporation.

Who is it for?

Sole practitioners, small, medium and large law firms.

For firms based outside of the USA and Canada, coverage may be written on a worldwide basis, including the jurisdictions of the USA and Canada. For USA and Canadian companies, coverage plans are offered for foreign operational exposures and for liabilities arising from products exported from the home country.

What is covered?

Over 20 years of experience writing law firms worldwide.

  • Worldwide coverage and full prior acts are available.
  • Coverage for "of counsel" attorneys and independent contractors is available.
  • Extensive knowledge of local customs markets and laws with a worldwide network of underwriting and claims offices.

 

This policy provides coverage for publishers and broadcasters for defamation, invasion of privacy, newsgathering , intellectual property and errors and omissions lawsuits.

Who is it for?

Newspaper and magazine publishers; book and directory publishers; music publishers; publishers and producers of plays; screen plays; and film scripts; videotape production companies; companies engaged in preparing materials for publication and republication; electronic publishing services and researching, exhibition, serialization and material distribution services. Television and radio stations, motion picture companies and cable and satellite broadcasters.

For firms based outside of the USA and Canada, coverage may be written on a worldwide basis, including the jurisdictions of the USA and Canada. For USA and Canadian companies, coverage plans are offered for foreign operational exposures and for liabilities arising from products exported from the home country.

What is covered?

  • Coverage tailored to suit local customs and regulations.
  • Worldwide coverage is available.
  • One off production coverage is also available.
  • Extensive knowledge of local customs, markets and laws with a worldwide network of underwriting and claims offices.

The financial institutions Directors & Officers Insurance policy provides coverage for claims brought against directors and officers of a company for actual or alleged breach of duty, neglect, misstatements, errors or omissions.

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