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Professional Indemnity Insurance

In service-based businesses, your reputation means everything. 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.

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. 

Product highlights

Everyday protection

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.

Long-term peace of mind

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. We’ll cover all investigation and defence costs, as well as any damages payable.

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 can be tailored to individual contractors through to large firms.

Strong claims and defence record

We have a proven track record of defending allegations against professionals. Your claim will be dealt with by a Professional Indemnity specialist who understands the value of a rapid response, the sensitivity of commercial relationships and the importance of mounting the strongest possible defence.

Limit reinstatement

Some insurers restrict the cover they provide to a single aggregate limit for the year. Our policies offer a reinstatement of the policy limit, so that funds are available to defend subsequent allegations should you face multiple claims in one year.

Whether a small enterprise or a multinational million dollar conglomerate, the work of professionals is constantly under the spotlight. No matter how careful and exact an architect or engineer is, for example, their work is constantly scrutinised by clients, leaving the chance of facing an allegation of negligence or failure to render professional services. 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.

Our policies cover claims made while the policy is in force, and can even cover claims where an 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.

It is therefore essential to keep professional indemnity insurance up to date, to ensure protection against future claims relating to services provided in the past.

Our policies provide broad protection, tailored to individual professions. Cover includes:

  • Wrongful act, error or omission
  • Misleading or deceptive conduct
  • Unintentional infringement of intellectual property rights
  • Defamation
  • Fraud and dishonesty
  • Defence costs
  • Court attendance costs
  • Lost documents

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:

  • Accountants
  • Architects
  • Engineers
  • IT consultants
  • Management consultants
  • Multimedia
  • Recruitment/personnel consultants
  • Solicitors
  • Travel Agents
  • Design and Construction professionals

We have the experience and expertise to match a solution to other professional risks.

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