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An individual approach to protecting your practice’s financial security
Professions like Accountants, Architects, Engineers, Lawyers and
Insurance Brokers are highly regulated by local authorities and in
many cases these professions are legally required to have professional
liability insurance in place.
As a consequence of globalisation, when tendering for business
overseas companies (especially those in the US, Europe, UK, and
Australasia), professional service providers in Southeast Asia and
China are increasingly subject to having professional liability
insurance as one of the pre-requisite requirements.
A single claim can ruin a business financially since litigation can be expensive, time-consuming and resource-consuming. AIG's Professional Liability insurance will provide protection for you when faced with such claims.
If you are a professional, your reputation is everything and
maintaining this reputation is critical. In the event of a claim, our
claims team will conduct the claim process efficiently and discreetly
to safeguard our Insured's reputation.
AIG’s Professional Liability insurance aims to remove the financial
burden for the professional service provider. This helps to minimise
the fear of economic loss and provides peace of mind which enables the
professional to focus on what’s important – servicing their
The increasing economic interdependency and culture exchange between the West and the East is contributing to higher claims awareness among professionals like yourself. The rapidly escalating number and size of professional liability claims demonstrate the litigious environment in Southeast Asia and China.
We have Professional Liability insurance solutions that address the exposures faced by professionals in a variety of industries. We cover professions like:
Provides cover for:
Provides cover for any actual or alleged libel or slander committed without malice by reason of words written, spoken or broadcast in the course of providing Professional Services.
Intellectual property rights infringement
Provides cover for an unintentional infringement of any intellectual property right of any Third Party, other than patents.
Loss of documents
Provides cover for damages due to destruction or damage to, or loss, distortion, erasure or mislay of a Third Party’s Documents for which the Insured is legally responsible, provided that the destruction or damage to, or loss, distortion, erasure or mislay of such Third Party's Documents.
Dishonesty of employees
Provides cover to the Insured (who is not the actual perpetrator) for any fraud or dishonest conduct of an Employee.
Covers reasonable fees, costs and expenses incurred by or on behalf of the Insured in the investigation, defence, adjustment, settlement or appeal of any Claim.