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Insurance Company Professional Liability for Small Businesses
Insurance Company Professional Liability Insurance covers insurance companies and their directors, officers and employees for claims alleging breach of an implied covenant of good faith and fair dealing and failure to perform professional services for third parties. It also covers claims alleging breach of duty, neglect, errors, misstatements, misleading statements, omissions that occur solely in the rendering of an insured's claims handling and adjusting, risk management, safety engineering, safety inspection and loss control operations, personal injury rehabilitation operations, salvage operations, insurance consulting, or actuarial consulting services.
Features and Benefits Back To Top
  • Definition of insured encompasses past and present directors, officers and employees and includes those whom the insured is legally responsible
  • Full prior acts coverage
  • Punitive damages were required by law
  • Worldwide coverage if the suit or claim is brought in th United States
  • Ability for the insured to settle claims within the retention without insurer consent
 
Marketing Material Back To Top
Insurance Company Professional Liability Insurance Highlight Sheet (.pdf)
An overview of the small business Insurance Company Professional Liability insurance product, including a claims scenario.
Claims Back To Top

When a claim occurs, our goal mirrors that of our customer: To resolve it as quickly and fairly as possible. To achieve this goal, AIG Small Business draws on AIG Companies®' vast claims handling resources, including experienced claims specialists and the nation's premier defense attorneys, who have expertise managing even the most complex, sensitive claims and litigation.

To report an Insurance Company Professional Liability claim, download our claim reporting form and submit it via one of the following methods:

Mail: c-Claim for Financial Lines
        AIG Domestic Claims, Inc.
        175 Water Street, 9th Floor
        New York, NY 10038

Fax: 866-227-1750
Email: c-claim@aig.com
For Financial Lines Claims Inquiries, email c-claim@aig.com