AIC FOLLOW-ON INSURANCE

Description

Coverage certainty through intelligent extension of your professional indemnity for architects, engineers and project controllers

AIC follow-on insurance (excess) as the consistent evolution of modern professional indemnity concepts for architects, engineers, general planners and project controllers. As an excess solution, it purposefully and proven in practice supplements your existing professional indemnity insurance with additional coverage capacity. Since 2011, AIC follow-on insurance has stood for a high-performance insurance concept that is particularly convincing when liability risks rise and higher sums insured are required.

AIC follow-on insurance is aimed in particular at:

  • architecture and engineering firms with high sum insured requirements
  • general planners and interdisciplinary planning companies as well as project controllers
  • corporate structures with multiple entities (e.g. several GmbHs, PartG mbB)
  • firms with increased requirements from tenders or international projects

The entire office is insured, including

  • all employed and freelance staff
  • co-insured companies
  • all domestic branches included in the base policy

Strategic advantages

  • Existence-protecting extension of sums insured
  • Clear positioning on demanding projects
  • Competitive advantages in national and international markets

Operational advantages

  • Improved chances in public procurement procedures and tenders
  • Meeting increased coverage requirements from clients
  • Support with regulatory requirements (e.g. PartG mbB)

Economic advantages

  • Attractive price-performance ratio and simple premium calculation based on total annual fee turnover (excluding VAT)
  • Efficient premium structure (the higher the turnover, the lower the premium rate)
  • No premium downgrade in the event of a claim

Following-form mechanism: Improvements to the terms of the base policy automatically also apply to AIC follow-on insurance. Your insurance cover therefore always remains at the current benefit level.

Step-down cover, where professional indemnity is managed via AIC:

  • If base cover is reduced or exhausted, follow-on insurance applies immediately
  • Cover attaches exactly at the reduced coverage level
  • Continuity of insurance protection is guaranteed at all times

Why follow-on insurance is indispensable today

Liability in the planning and construction process has no fixed upper limit – even if modern corporate forms can limit personal exposure. At the same time, project volumes, liability risks and requirements from public and private clients are rising. Classic professional indemnity is often no longer sufficient to address these developments in an economically sensible way. AIC follow-on insurance offers a cost-efficient solution for increasing coverage requirements – without unnecessary complexity.

Proven in practice and established in the market

The AIC coverage system has proven itself in the market over many years and is continuously developed further. The growing spread of comparable models underlines the relevance of this approach for insuring modern planning and construction supervision services. For you, this means: a tried-and-tested structure, high market acceptance and sustainable future viability.

Note

The services shown are a condensed overview. The relevant contractual terms of the insurance partner apply. Additional AIC modules may vary depending on insurer and coverage concept.

More security. More performance. AIC.

Our coverage concepts stand for comprehensive protection and economically convincing solutions. Over 27 years of experience, excellent market knowledge and insurance concepts developed by experts create a clear advantage for you: professional insurance protection at attractive conditions in market comparison.