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Construction Industry Professional Indemnity Insurance

As the Design and Construction Industry in Australia grows increasingly larger in size and scale, so do the complexities and ever-changing exposures that design and construction professionals and contractors face.

Our clients need a partner that can keep pace with the opportunities for growth presented to their evolving professions. AIG has developed three comprehensive solutions that meet our clients' needs.

The work of architects and engineers is constantly under the spotlight. No matter how careful and exact an architect or engineer is, their work is constantly scrutinised by clients, leaving the chance of facing a complaint alleging negligence or failure to render professional services. Working in an industry that continues to feel the negative effects of the economy, architects and engineers cannot afford to take this risk – and that is where we can help.

Design professionals are faced with evolving exposures as markets emerge, organizations cross borders, technology advances, and the legal environments in which they work constantly shift. Tasked with designing and engineering the projects of tomorrow – from local schools to large scale infrastructure projects – architects and engineers need a partner that can keep pace with the opportunities for growth presented to their evolving profession.

AIG offers the following covers for this product:

Insurance Covers

Standard Extensions

Optional Extensions

Professional Liability

Advanced Defence Costs

Court Attendance

Defamation

Extended Reporting Period

Fraud/Dishonesty

Intellectual Property/Confidentiality

Indemnity/Hold Harmless

Inquiry Costs

Joint Ventures

Lost Documents

Misleading or Deceptive Conduct

New Subsidiaries

Technology Services

Vicarious Liability

Warranties

Claims Mitigation Costs

Claims Preparation Costs

Continuous Cover

Costs in Addition

Joint Venture Partner's Liability

Limitation of Liability

Novated Contracts

Pollution

Principal's Indemnity

Proportionate Liability

Reduction of Retention

Reinstatement Limit of Liability

Statutory Liability

 

Taller buildings, quicker public transport, more brilliant skylines. The world’s construction industry is growing faster than ever. Construction contractors confront complex and ever changing exposures coupled with a more active litigation environment. AIG understands the intricacy of construction activities and has designed a bespoke policy to deal with the complexities of managing modern day design and construct activities.

Contractors need a partner that can keep pace with the opportunities for growth presented to their evolving profession. In response, we have developed a comprehensive solution to meet our clients' needs.

This annual offering protects contractors against complaints alleging negligence or failure to render professional services.

AIG offers the following covers for this product:

Insurance Covers

Standard Extensions

Optional Extensions

Professional Liability

Advanced Defence Costs

Court Attendance

Defamation

Extended Reporting Period

Fraud/Dishonesty

Intellectual Property/Confidentiality

Indemnity/Hold Harmless

Inquiry Costs

Joint Ventures

Lost Documents

Misleading or Deceptive Conduct

Multiple Cause Liability

New Subsidiaries

Vicarious Liability

Warranties

Claims Mitigation Costs

Claims Preparation Costs

Continuous Cover

Costs in Addition

Express Fitness for Purpose

Joint Venture Partner's Liability

Limitation of Liability

Novated Contracts

Pollution

Principal's Indemnity

Proportionate Liability

Reduction of Retention

Reinstatement Limit of Liability

Statutory Liability

Technology Services

Construction contractors and professionals confront complex and, often large-scale risks from a project’s start to finish. They are faced with evolving professional risk exposures as markets emerge, organisations cross borders, technology develops and legal regulations evolve.

Contractors and professionals need a partner that can keep pace with the evolving professional liabilities that come with opportunities for growth. In response, we have developed a comprehensive Single Project Professional Indemnity (SPPI) solution to meet our clients' needs.

This project-specific offering protects professional service providers against liabilities and losses that could arise from the performance of, or failure to perform professional services. This SPPI policy is available for an agreed policy period (up to 10 years).

AIG offer the following covers for this product:

Insurance Covers

Standard Extensions

Optional Extensions

Professional Liability

Advanced Defence Costs

Court Attendance

Defamation

Fraud/Dishonesty

Intellectual Property/Confidentiality       

Indemnity/Hold Harmless

Inquiry Costs

Lost Documents

Misleading or Deceptive Conduct

Multiple Cause Liability

Vicarious Liability

Warranties

Claims Mitigation Costs

Claims Preparation Costs

Express Fitness for Purpose

Limitation of Liability

Novated Contracts

Principal's Indemnity

Proportionate Liability

Statutory Liability

Technology Services

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