QBE vs aig — Professional indemnity

Professional indemnity covers your civil liability for claims arising from professional services. Every NZ retail PI wording is claims-made — the retroactive date and run-off availability decide whether old work is covered when you change insurers or close the business.

QBE

QBE Insurance (Australia) Limited (NZ branch)

Wording on file: QBE Professional Indemnity
Effective: 2025-01-01
Tier B (stale) FCIB panel

Source PDF →

aig

—

Not on file — request latest wording from aig via FCIB.

Side-by-side fact comparison

Each row is a fact-key from the Professional indemnity wording. "Not on file" means either the wording doesn't address that fact, or Phase C structured-facts extraction hasn't been run yet on this insurer's wording.

Fact	QBE	aig
limit of indemnity options	Not on file	Not on file
claims made trigger	any Claim: 18.2.1 first made against the Insured during the Period of Insurance; and 18.2.2 notified in writing by the Insured to QBE during the Period of Insurance; and 18.2.3 alleging civil liability, by any act, error, omission or conduct that occurred subsequent to the Retroactive Date in connection with the Insured's Professional Business Practice.	Not on file
retroactive date handling	The Retroactive Date specified in the Schedule. Valid Claims must allege civil liability by any act, error, omission or conduct that occurred subsequent to the Retroactive Date.	Not on file
run off availability	Not expressly addressed. Continuous cover extension (Automatic Extension 5) provides that if the Insured has continually been insured under a Professional Indemnity insurance policy between the date when notification should have been given and the date when notification was in fact given, QBE will accept late notification under this Policy on terms applicable to the earlier policy.	Not on file
defence costs in or outside limit	mixed	Not on file
dishonesty exclusion carve out	Automatic Extension 9 (Fidelity (insured's own)): Notwithstanding Exclusion 10 (Fraud and dishonesty), QBE agrees to indemnify the Insured for Loss sustained in consequence of any dishonest or fraudulent act or omission of any specific and identifiable Employee, up to NZD1,000,000 in the aggregate for any one Loss or related Losses. Automatic Extension 10 (Fraud and dishonesty of employees): Notwithstanding Exclusion 10, QBE agrees to indemnify the Insured for legal liability for any Valid Claim brought about or contributed to by any dishonest, fraudulent, criminal, malicious or deliberate act or omission of or on behalf of an Employee of the Insured, provided such indemnity will not be provided to any person committing or condoning any such act or omission.	Not on file
territory	Territorial limits specified in the Schedule. Loss of Documents coverage limited to New Zealand or Australia (Automatic Extension 15.2).	Not on file
jurisdiction	Interpretation of this insurance will be governed by the laws of New Zealand whose courts of law will have exclusive jurisdiction in any dispute that may arise. QBE will not be liable in respect of any legal action first brought in a court outside the jurisdiction of the countries specified in the Schedule.	Not on file
aggregation basis	Valid Claims are related if they arise out of the same, identical or a series of acts, errors, omissions or conduct, or arise out of or are attributable to the same originating source or cause. QBE's total liability shall not exceed: (1.1) the Limit of Indemnity in respect of any one Valid Claim or all related Valid Claims; and (1.2) three times the Limit of Indemnity in respect of all Valid Claims which are not related.	Not on file
key exclusions	[ "1. Anti-Money Laundering and Countering Financing of Terrorism Act 2009", "2. Asbestos", "3. Assumed duty or obligation not in normal conduct of Professional Business Practice", "4. Death or bodily injury", "5. Directors liability", "6. Electronic data (corruption, erasure, theft, alteration, access, interference unless arising from act, error or omission in Professional Business Practice)", "7. Employers liability", "8. Financial condition (insolvency, bankruptcy, receivership, statutory management or liquidation of the Insured)", "9. Fines and penalties (taxes, fines, penalties, liquidated, aggravated, multiple, punitive or exemplary damages)", "10. Fraud and dishonesty (subject to Extensions 9 and 10 carve-outs)", "11. Harassment/discrimination (bullying, harassment including sexual harassment or molestation, discrimination)", "12. Insured and family members claims", "13. Investment advisers (non-compliant investments, contributory mortgages, diminution in value, reverse mortgages, investment performance failures)", "14. Jurisdiction (outside specified countries)", "15. Liability assumed (performance guarantees, liability incurred by agreement where not otherwise existing, trading debts/guarantees, waiver of contribution rights without consent)", "16. Nuclear", "17. Obligations to employees (bodily/mental injury, sickness, disease, death or property damage of Employees)", "18. Occupiers liability", "19. Pollution (seepage, pollution or contamination)", "20. Prior or pending claims or circumstances", "21. Refund of fees", "22. Related or associated entities", "23. Sanctions", "24. Supply of goods (sale, supply, installation, efficacy or manufacture of goods)", "25. Territorial limits (outside specified Schedule territory)", "26. Terrorism", "27. Trading debts", "28. War" ]	Not on file
efficacy exclusion	Exclusion 24: QBE will not be liable in respect of any Claim or Loss alleging or arising from the sale, supply, installation, efficacy, or manufacture of goods by or on behalf of the Insured.	Not on file
automatic extensions	[ "1. Automatic reinstatement", "2. Breach of contract", "3. Consequential costs and court attendance costs (NZD250,000 any one Claim and in the aggregate)", "4. Consultants, subcontractors and agents", "5. Continuous cover", "6. Costs of representation at registration board proceedings (NZD500,000 any one Claim and in the aggregate; Excess NZD1,000)", "7. Defamation (unintentional)", "8. Fair Trading Act 1986 (sections 9 to 14)", "9. Fidelity (insured's own) – NZD1,000,000 aggregate", "10. Fraud and dishonesty of employees", "11. Intellectual property (unintentional infringement of copyright, trademark, registered design or patent, plagiarism or breach of confidentiality)", "12. Internet liability (NZD250,000 any one Claim and in the aggregate)", "13. Irrecoverable fees and disbursements (NZD150,000 any one Claim and in the aggregate)", "14. Joint venture liability", "15. Loss of documents (Excess NZD1,000)", "16. Previous business", "17. Public relations expenses (NZD50,000 in the aggregate)" ]	Not on file
privacy act handling	Covered under Automatic Extension 12 (Internet liability): unintentional breach of confidentiality or infringement of any right to privacy, including any alleged breach of the terms of the Privacy Act 2020, committed or alleged to have been committed by the Insured in the provision of its website, use of the Internet, electronic mail or any electronic network. Maximum NZD250,000 any one Claim and in the aggregate.	Not on file
fair trading act handling	QBE will indemnify the Insured for any Valid Claim for compensation made against the Insured alleging a breach of sections 9 to 14 of the Fair Trading Act 1986 (or any similar fair trading legislation that may apply in the States, Territories or Countries of the jurisdiction specified in the Schedule).	Not on file
fines insurable acts list	[]	Not on file
investigation costs covered	Automatic Extension 6 (Costs of representation at registration board proceedings): If any complaint (which may form the basis of a Valid Claim) is lodged against the Insured with a statutory registration board or similar regulatory authority, QBE shall pay Costs and Expenses incurred in respect of the investigation and defence of the Insured at such proceedings. Maximum NZD500,000 any one Claim and in the aggregate, subject to Excess of NZD1,000.	Not on file
contractual liability extension	Automatic Extension 2 (Breach of contract): QBE will indemnify the Insured for any Valid Claim for the actual or alleged breach of a contract for the provision of professional services. However, Exclusion 15.2 excludes liability incurred by agreement where liability would not otherwise have existed in the absence of the agreement, except that this exclusion will not apply to an agreement to provide professional services to a client or customer, except to the extent that the Insured has agreed to accept a liability regardless of fault.	Not on file
occurrence basis vs claims made	claims_made	Not on file
consumer guarantees act handling	Not addressed in the wording.	Not on file

About this data. Facts on this page are extracted from each insurer's published commercial-liability policy wording PDF, with the source PDF, effective date, our extraction date and SHA-256 hash recorded against every claim. This site enforces a 24-month freshness cap — wordings older than that are flagged as historical / archived. If a policy has been updated since our extraction, the verbatim text and structured facts may be out of date; the authoritative answer is always the source PDF linked, not our derived facts.

Audit trail (1 source document)

QBE QBE Professional Indemnity · effective 2025-01-01 · extracted 2026-05-21 · tier B (Verified — stale (12-24mo) or brochure) · sha256 58aaaeb99a8577db… · source PDF

Personalised advice on which cover fits your business is regulated under the Financial Markets Conduct Act 2013 — for that, contact our broker partner: First Commercial Insurance Brokers Ltd (FSP748591), 0800 437 699, stewart@fcib.co.nz. Page rendered 2026-06-20.