Professional Liability

What is Professional Liability Insurance?

AIG has been underwriting professional liability risks for over 40 years and has one of the largest and most varied claims portfolios in the industry. This experience allows us to provide differentiated value to our clients, such as:

  • Customizable entity-based errors and omissions (E&O) coverage to help protect public and private professional service providers from potential third-party legal action.
  • Coverage available for public relations firm costs and optional income loss protection resulting from reputational damage as well as other related risks.
  • Bermuda-based excess coverage is available for all AIG E&O products.

Offerings

Key Products

  • Specialty Professional Liability
  • Technology Professional Services Coverage
  • Media Coverage
  • ReputationGuard®
  • Accountants
  • Manufacturers E&O
  • Leaders Risk
  • Employed Lawyers

Coverage Highlights

  • Customizable E&O coverage for third party financial loss claims arising from negligence in the performance of professional service
  • E&O coverage for third party financial loss claims arising from negligence in the performance of technology services; specific coverage is available for robotics developers through Robotics Shield®
  • Prefer service providers with <$1B in revenue
  • Multi-media liability coverage for publishers, broadcasters or companies developing or distributing media content in any form
  • Coverage for the costs of panel PR firms to help proactively manage a reputation threat or respond to a reputation attack
  • Optional coverage for income loss as a result of reputational damage for all industries when >$1M in ReputationGuard limits are purchased
  • E&O coverage for third party financial loss claims arising from negligence in the performance of accounting services
  • E&O coverage for third party financial loss claims arising from negligence in the performance of manufacturing services
  • Coverage for schools, municipalities and associations against third party financial loss claims arising from negligence in the performance of duties for or on behalf of such entities and for any employment practices violations
  • Coverage for corporate counsel and legal staff from third party claims arising from negligence in the performance of legal services

The AIG Advantage

Product Innovation

  • Broad range of market-leading, entity-based E&O coverages and services to meet the needs of public, private and non-profit service providers.
  • Team of 40+ Professional Liability underwriters committed to delivering differentiated value through open communication, underwriting expertise and coverage flexibility.

Multinational Solutions

  • Suitable multinational programs built and adjusted to meet changing needs in a globally consistent and seamless fashion through one of the largest global networks in the industry, spanning over 215 countries and jurisdictions.

Claims Capabilities

  • Personalized, integrated network of in-house claims specialists and third-party experts helps clients prepare for potential losses and respond to claims unique to their field.
  • Committed to delivering outstanding service through timely and knowledgeable communication, active participation in the claim process and objective evaluation though impartial view.

Risk Appetite by Hazard Grade (Sample Classes of Business)

Low Hazard Appetite

  • Accountants professional liability (excess attachment of $5M or more)
  • Association professional liability
  • Employed lawyers professional liability
  • Follow form excess
  • ReputationGuard® insurance

Moderate Hazard Appetite

  • Educators legal liability
  • Media liability
  • Miscellaneous professional liability
  • Public officials liability
  • Real estate professional liability
  • Technology E&O

High Hazard Appetite

  • Actuaries
  • Credit bureaus
  • For profit educators
  • Major film and music studio business.

Classes Outside of AIG Appetite

  • Accountant professional liability (primary)
  • Debt collectors/ collection agents
  • Lawyers professional liability
  • Managed care E&O
  • Third-party product design E&O

National Leadership

Allison Barrett

Head of North America, Financial Lines

Jeanmarie Giordano

Head of North America, Professional Lines

Mary McIvor

Head of North America, Financial Lines Claims

Downloadable Materials