Protection against unsatisfied customers and complaints due to the professional services they received
Professional Indemnity is aimed at providing protection against financial loss resulting from a legal liability to a third party.
Anyone who offers services or advice in a specialised field could be held accountable at law for the advice or service to the general standards of their profession or industry.
Some lines of business are therefore legally required to have this
cover in place and this is where AIG is able to offer insurance
solutions for a wide range of modern professional activities.
All types of professional practices, from sole-traders to large multidisciplinary firms.
Professional Indemnity policies are short-term products and are underwritten by AIG South Africa Limited, FSP No: 15805