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Product Highlights

Run-Off Cover

Run-off Cover is one of the most overlooked features when considering Professional Indemnity insurance for small businesses. Often it is one of the final considerations and probably the least understood by Policyholders given the complexity and lack of understanding of claims-made policies.

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 insured meeting certain criteria.

Professional Services

The challenge for brokers when placing a Professional Indemnity policy is getting the right Professional Services Description. To do this, understanding the services provided by your client is paramount. The next challenge is then collating and forming a broad professional services description to capture these activities. This is the key to placing a Professional Indemnity policy.

AIG have worked hard to improve and provide an exhaustive description across occupation specific wordings; hopefully negating the need to endorse or amend the professional services any further.

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.

AIG offer our clients, under our new ProfessionalEdge policy, access to Public Relations specialists. We let you choose the right consultant for you and we cover the cost. It’s that simple! (Conditions apply)

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 excess insurance.

Breach of Warranty of Authority

Cover for Policyholders who breach their Warranty of Authority by representing that they have authority to render professional services when they do not have such authority.

Costs in Addition

Defence Costs available in addition to the Limit of Liability.

AIG is now offering our new ProfessionalEdge product which is designed to assist your 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 its 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 gives you a comprehensive guide to our new ProfessionalEdge products including wording changes & benefits, risk appetite guide, core values & servicing standards and contact information.

Access to AIG Products

This simple guide shows you 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 to assist you to promote our new Professional Indemnity product.

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.