Recent years have seen a rise of new specialisations and areas of expertise resulting in a swelling in the scope of activities that are qualified as professions. Whether they participate in a long established field or one arising from recent technological developments, all professionals face potential claims against them from a number of directions.
Today, the operational risks faced by the professional services community continue to grow. Companies and their employees face greater exposure arising from the provision of their services – and the potential perception that their guidance is unsatisfactory or even negligent.
AIG has consistently offered our customers competitive pricing, broad coverage and significant levels of capacity. We have the appetite, experience and commitment to provide solutions to suit professional organisations, from the sole practitioner to the multi-national multi-disciplinary practice.
CyberEdge covers losses directly resulting from system failures and data breaches. Costs for IT forensic costs are covered as well as legal expenses resulting out of liabilities to third parties. AIG also offers coverage enhancements for network interruption and extortion.
Primary and Excess programmes designed to meet the insurance needs of European based corporations for domestic and international general and product liability coverage - including cover for North American exposures. Our customers benefit from our technical expertise, significant capacity and service capabilities along with AIG member companies' financial strength and global network.
Insurance programmes focused on multinational, large domestic and upper middle market companies can be tailored to suit clients' needs anywhere in the world, while offering coverage against material damage and business interruption on a specified-perils or all-risk basis. Specialities also include fronting services and reinsurance for Captive-driven programmes.
Specifically designed to protect the assets of a company and its directors, managers and employees against the growing risk of personal claims brought about for any number of reasons, including wrongful termination, discrimination, harassment and maintenance of a hostile work environment.
AIG offers special insurance solutions for company mergers and acquisitions (M&A), which provide considerable strategic benefits and open up competitive advantages and negotiation leeway for both buyer and seller. Questions regarding pricing are clarified directly and effectively, and the risk profile is minimised.
In today's litigious environment, any professional, regardless of their business, bears the risk of not meeting their clients' expectations, which may lead to expensive and time consuming professional indemnity legal action. Specially tailored Professional Indemnity policies are available to address these risks for a wide range of professions.
Protection of receivables against insolvencies and non-payment