Product Highlights

Breach of Warranty of Authority

Cover for Policyholders who breach their Warranty of Authority by not having authority to render professional services.

Reinstatement Limit of Liability

Automatic Reinstatement provides for two reinstatements of the Limit of Liability for unrelated claims subsequent to exhaustion of the Policy Limit of Liability and of any excess insurance limits of liability.

Costs in Addition

Defence Costs available in addition to the Limit of Liability.

Professional Services

AIG has worked hard to improve and provide an exhaustive Professional Services Description across occupation specific wordings in order to clarify the client’s specific business activities.

Public Relations Expenses

Reducing reputational damage by consulting with a Public Relations specialist is crucial to limiting damage to a business’s ongoing successful operation.

Under our new ProfessionalEdge policy, AIG offers access to Public Relations specialists. We let the client choose the most suitable consultant and we cover the cost. It’s that simple! (Conditions apply).

Run-Off Cover

Run-off Cover is one of the most overlooked features when considering Professional Indemnity insurance for small businesses. Given the complexity and lack of understanding of claims-made policies, it is often one of the least understood.

To assist in overcoming this, AIG now provides free automatic 84 month run-off cover where there has been a Run-Off Event across most of the ProfessionalEdge product suite, subject to the client meeting certain criteria.

AIG's new ProfessionalEdge product is designed to assist each of our client’s professional services business to “keep its Edge”.

With Professional Services exposures now transcending geography, industry, culture, and business size or type, it is vital for businesses to safeguard against civil liability risks. AIG has recently updated our ProfessionalEdge product which offers an extensive suite of tailored Professional Indemnity solutions.

Download our new tools that will help you meet your clients’ professional services needs, including:

Interactive Playbook

This playbook provides brokers with a comprehensive guide to our new ProfessionalEdge products including wording changes and benefits, risk appetite guide, core values and servicing standards and contact information.

Access to AIG Products

This simple guide shows brokers how to access our products via our systems and highlights the key benefits of using our systems including fewer questions, higher commission and scheme setups.

Claims Scenarios Per Profession

This guide provides you with various claims scenarios within select professions.

Our ProfessionalEdge standard covers include:

  • Civil liability
  • Advanced Defence Costs
  • Breach of Fiduciary Duty
  • Breach of Warranty of Authority
  • Claims Mitigation Costs
  • Compensatory Fines and Penalties
  • Continuity
  • Contractual Liability
  • Court Attendance
  • Defamation
  • Extended Reporting Period
  • Fraud/Dishonesty
  • Intellectual Property/Confidentiality
  • Inquiry Costs
  • Joint Ventures
  • Lost Documents
  • Misleading and Deceptive Conduct
  • New Subsidiaries
  • Past Partner Liability
  • Previous Business Name
  • Privacy
  • Reinstatement Limit of Liability
  • Run-Off
  • Vicarious Liability

ProfessionalEdge offers solutions for a wide variety of industry professions including:

  • Accountants
  • Architects & Engineers
  • IT Consultants
  • Management Consultants
  • Multimedia Consultants
  • Real Estate Agents
  • Recruitment Consultants
  • Travel Agents
  • Miscellaneous Professions (All Other)

For any enquiries about purchasing, renewing or making a claim on an AIG business policy, please contact your insurance broker or find a broker here.

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Policy Wordings

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