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Professional Indemnity (also known as Professional Liability (PL) or Errors & Omission (E&O))

Professional Indemnity insurance covers the day-to-day activities that bring in the revenue, for example an IT consultant sued by their customer when software they recommended and installed doesn’t do what they promised.

AIG insurance solution covers a wide range of modern professional activities. For some of these, solicitors, accountants and architects it is a requirement of their professional authorisation. But it can be a very useful cover for lots of fields where your clients are depending on your expert guidance, i.e. protecting your business against claims from third parties for financial loss.

Product Highlights

  • Professional Liability cover
  • Payment of damages or settlements
  • Covers legal defence costs
  • Defamation coverage
  • Infringement of Intellectual Property Rights protection
  • Fraud/ Dishonesty committed by an employee that results in legal liability to the Policyholder
  • Protects the company, subsidiaries, employees and sub-contractors working under the direction of the Insured.
  • Cover is on a ‘Claims made’ basis

Why AIG?

  • Financial resources that allowed us to pay an average of $115.1mn in claims worldwide every business day in 2012.
  • 88 million clients in over 90 countries and jurisdictions.
  • A 90-year history and one of the industry's most extensive ranges of products and services.
  • Deep claims expertise with the know-how to handle the most complex risks.
  • A+ Rating as per S&P
  • $34 billion in net written premiums worldwide in 2012.