AIG Executive Liability, a division of the property-casualty insurance subsidiaries of American International Group has launched AIG PrivateEdge Plus, a package policy of seven management and professional liabilities products allowing private companies to purchase multiple coverages in one complete package.
According to the company, AIG PrivateEdge Plus responds to an increased customer demand for expanded coverage, which includes: directors and officers and private company liability insurance, employment practices liability insurance, fiduciary liability insurance, fidelity liability insurance, miscellaneous professional liability insurance, employed lawyers’ professional liability insurance and, kidnap and ransom/extortion insurance.
American International Group (AIG) has reported that its AIG PrivateEdge Plus will allow companies to be selective when choosing the necessary coverage while using a single policy, and provides a simplified submission, quoting and binding process. Additionally, AIG PrivateEdge Plus allows customers to share or separate limits and to align expiration dates on any or all of the seven products to further streamline the process.
Brian Inselberg, president of corporate accounts and private company and not-for-profit divisions of AIG Executive Liability, said: AIG PrivateEdge Plus simplifies how private companies can obtain best-of-class management and professional liability coverage by allowing them to customize coverage to their specific.
AIG PrivateEdge Plus also enhances the services offered to our brokers by providing one point of contact and an efficient quoting and binding process for multiple product lines.