Skip Navigation

There are good reasons to consider Single Project Professional Liability insurance from AIG

What is Single Project Professional Indemnity (SPPI)?

This is a type of Professional Liability insurance that is arranged around the lifecycle and needs of a specific construction project. Unlike conventional annually renewable policies it has particular advantages for project owners and for Joint Venture operators.

With an SPPI the cost of the cover for the entire project is known up front and avoids the possibility of owners incurring additional costs from contractors for premiums relating to their own cover for the project.

Transparency in cost


Provides owners with certainty of cover for up to 10 years after completion of the project. With annually renewable policies there is no guarantee that individual contractors will renew their individual policies after completion.

Capped Limits

The SPPI is structured around the requirements of the project and so avoids the danger of contractors’ capping their own liabilities at a level that’s not high enough to be appropriate.


Project owners have more control over the scope of cover, limits and policy duration of an SPPI than they do over their contractors’ individual PI policies. This means that the project will have the right protection, tailored against the true risks.

Certainty of cover

Provides owners with certainty of cover throughout the project. Annually renewable policies on the other hand could fall into default or have limits eroded by other claims that have nothing to do with this project. Once issued, the policy cannot be cancelled by the insurer.

Minimising disputes

The SPPI policy protects owners against delays resulting from contractors and subcontractors disputing who is at fault for an error and defending their own individual position.

Consistent Coverage

A SPPI ensures that owners have consistent cover in place for all contractors and consultants involved in the project, minimising the management time and negotiation required.

Who is it for?

We can structure SPPIs around a wide range of projects encompassing nearly all professional businesses operating in this area. Our preferred projects will have a construction value over €10 million.

What is covered?

Covers all professional service providers involved in contract: architects, engineers, designers, construction supervision, qualified surveys and feasibility studies
Cover includes contractors and consultants associated with the project whether working individually, as a joint venture or as a consortium
Covers professional negligence claims against all parties throughout life span of a contract and beyond: design, to construction to completion +10 years discovery
Like annually renewable Professionals Indemnity cover is on a claims made basis and once issued cover limits are non-cancellable