An individual approach to protecting your practice’s financial security.
In service-based businesses, your reputation means everything, yet the work of professionals is consistently scrutinised. It can take years to build a strong professional standing, but an accusation of negligence, professional misconduct, or a breach of your duty of care can destroy it in weeks, or even days. Investigation and defence costs can be crippling, and many professionals could not afford the specialist legal assistance required for a fair trial. That’s where we can help.
AIG offers insurance solutions for a wide range of professions where your clients depend on your expert guidance. Our policies ensure peace of mind for you, your employees and your business, covering the costs associated with the specialist assistance required to defend allegations against you or your organisation.
Each day, professionals need to make decisions and some of these may be questioned, perhaps as much as years afterward. Professional Indemnity insurance allows everyone in the practice to do their jobs, confident in the knowledge that we’ll be there to support you in the event of a claim.
A claim may take a long time to surface, but you’ll have cover for all claims made while the policy is in force, even if the allegation relates to an event that occurred prior to the policy start date. This is key to professional indemnity insurance as claims can take a long time to surface, with mounting investigation and defence costs. This insurance meets those costs, as well as covering any damages payable if you are found to be at fault.
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 can be tailored to individual contractors through to large firms.
Our policies provide broad protection, tailored to individual professions. Cover includes:
Our policies cover claims made while the policy is in force, including where an allegation relates to an event that occurred prior to the policy start date.
Our policies are also covered by our Costs and Expenses solution, which allows for funds to be advanced to cover defence costs in the event of a Section 9 charge. Click here for more information.
AIG offers tailored professional indemnity solutions for a wide range of professions, from sole traders to large multidisciplinary firms including:
We have the experience and expertise to match a solution to other professional risks.