|POLLUTION LIABILITY INSURANCE NOW AVAILABLE FOR SMALL BUSINESS|
| Features Coverage for Environmental Hazards
NEW YORK--June 10, 2008--AIG Small Business(R), a unit of AIG Commercial Insurance, today announced the availability of Contractors Pollution Liability Insurance designed specifically for the needs of contractors with revenues under $10 million.
Featuring limits as low as $300,000 and a minimum deductible of $2,500, Contractors Pollution Liability (CPL) provides legal liability coverage for bodily injury, property damage, and environmental damage resulting from covered operations at a job site, whether performed by the contractor or a subcontractor.
"Small residential builders, roofers, and other types of general contractors frequently face exposure to environmental risks associated with their work or the work of subcontractors under their management," said Brian Inselberg, President of AIG Small Business. "CPL coverage was designed to be a cost-effective way to address these contractors' risks."
CPL is available on either a claims-made or occurrence basis, and provides protection against third-party claims typically excluded under a commercial general liability policy.
For more information on Contractors Pollution Liability, contact Kristen Sebesky, Underwriting Manager, AIG Small Business, at 908-679-2897 or e-mail us at firstname.lastname@example.org.
AIG Commercial Insurance serves a wide range of entities from multinational and middle-market companies to non-profit organizations and small entrepreneurs. Its extensive product offerings include general and excess liability, property, management and professional liability, workers' compensation, accident and health, environmental liability, and integrated global programs for multinational companies. AIG Commercial Insurance also maintains dedicated industry groups to serve the insurance needs of the aviation, energy, marine, healthcare, construction, financial institution, real estate and education sectors.
AIG Commercial Insurance is the marketing name for the domestic commercial property casualty insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products are written by insurance company subsidiaries of AIG Commercial Insurance Group, Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties.
American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Paris and Tokyo.