|AIG EXECUTIVE LIABILITY INTRODUCES SPECIALTY RISK PROTECTOR|
Modular Policy Combines Professional Liability and Data Network Security Coverages
NEW YORK, Jan 27, 2009 -- AIG Executive Liability(R), a unit of AIG Commercial Insurance, today announced Specialty Risk Protector(SM), a modular package of professional liability and data network security coverages for all types of businesses with annual revenue over $500 million.
Specialty Risk Protector allows insureds to bundle a number of coverages into one policy. The package includes coverage for specialty errors & omissions; network security and privacy; event management; crisis fund; network interruption; cyber extortion; media for publishers and broadcasters; media content; and employed lawyers' professional liability.
Specialty Risk Protector also responds to evolving customer needs with a streamlined policy form and the expansive event management feature, providing coverage for investigative fees, notification costs and public relations firm fees during a security breach or privacy event.
"Through concise wording and efficient claims-reporting provisions, Specialty Risk Protector offers one policy for multiple coverages, which previously could only be purchased individually," said Michael Smith, President, AIG Executive Liability. "We've simplified how companies can purchase specialty E&O and data network security, while still offering the ability to tailor coverage to meet their unique needs."
With limits of up to $25 million per coverage part and up to $50 million in the aggregate, Specialty Risk Protector allows customers to add new coverages as their business needs change.
For additional information, please contact your local AIG Executive Liability office or send an e-mail to email@example.com.
AIG Commercial Insurance serves a wide range of customers 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.
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 Ireland and Tokyo.