Click here for a PDF version of ABI Professional Liability information sheet.

Professional liability exposure can materialise in different ways to different organisations and in response, ACE Bermuda International’s Professional Lines Department has created a family of covers to assist at the point of need:-

1. CODA

We offer a stand alone policy which offers protection purely for Directors and Officers in the event that their conventional cover is exhausted or inadequate. The cover can be written on a primary or excess basis but can drop down to a primary level where the underlying cover is too narrow or non existent.  For full details please see the attached sheet.

2. Directors and Officers and Corporate Reimbursement Liability Insurance (D&O)

Our underwriting strategy with D&O exposure is to offer high excess capacity to large organisations on a follow form basis. We look to offer protection from losses of considerable severity rather than small frequency claims; we are therefore, in D&O terms a 'catastrophe' insurer.

• Normal attachment point: $50m, £30m or Euro44m
• Normal maximum limit:   $25m, £15m or Euro22m
• Domiciled territories: Worldwide excluding USA

3. Solicitors Professional Indemnity Insurance

We write a broad spread book of UK solicitors offering a maximum line of £10m with a minimum attachment of £50m.  

4. Warranty and Indemnity Insurance

We are a recognised lead in the W & I field offering a maximum limit of £10m on an excess basis to insureds domiciled anywhere in the world except North America.

5. Prospectus Liability Insurance    

In addition to the D&O for companies raising new funding with a prospectus in the public domain we offer Prospectus Liability insurance, again for assureds domiciled  anywhere in the world excluding North America with a maximum limit of £10m.