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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

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.

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:

 

Architects, Engineers and Project Companies

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, ...);

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?

Cover is given for unlawful acts, real or alleged, committed in the exercise of their profession, including:

- Negligence, errors / omissions that generate property damage, giving rise to claims for third party damage;

- Third-party business interruption (eg interruption of services and consequent property damage to third parties.);

- Insults, defamation and violation of privacy;

- Infringement of intellectual property, copy-right and trademarks (excluding patents);

- Infringement of copyright and trademarks;

- Penalties and taxes, penalties and fines imposed on the Insured's customers;

- Consequences arising from loss, destruction or deterioration of documents;

- Auto insurance in the case of acquisitions (up to 5% of the gross revenue of the insured);

- Allowance presence in legal proceedings

Important information you should know

Exclusions

- Pure contractual risk (contractual penalties or sanctions, fines, penalties inflicted directly to the Insured);

- Personal injury and damage to objects;

- Claims and / or existing events;

- Intentional acts of the insured;

- Companies subsidiary / associate (claims between companies of the same group);

- Public bodies / regulatory authorities;

- Insolvency;

- False or misleading advertising;

- Patent rights;

- Guarantees of future values and income