Professional Liability Insurance
Professional indemnity insurance offers protection to the insured against claims from third parties resulting from the errors and omissions made by the insured while providing contracting and consulting services. At present, the legislation provides for coverage of professional risks assumed by real estate agents and lawyers as well as by companies rendering services in IT and media sectors.
The object of insurance are property interests that do not contravene the laws of the Russian Federation and are exposed to risks associated with the insured's liability for obligations resulting from the damage caused to property, life or health of third parties (clients) during professional activities performed by the insured.
Most of the clients who selected professional indemnity coverage with AIG are represented by auditors and accountants, lawyers and attorneys, multimedia and IT companies.