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Why Choose AIG for Management Liability Insurance?

Management liability insurance is a suite of insurance coverages designed to protect a company or organization and its directors and officers that goes beyond commercial general liability policies.

AIG provides a suite of responsive liability insurance solutions against the management exposures of public, private, and non-profit companies. AIG’s coverages include directors and officers’ liability, employment practices liability, crime and dishonesty, and fiduciary liability.

AIG Management Liability Insurance Solutions

D&O liability insurance coverage is designed to protect the organization and its directors and officers from losses when lawsuits are filed against them in their roles as directors and officers for a company or organization. AIG provides a suite of D&O liability insurance coverages for a variety of organizations, including:

  • Public D&O
  • Private and Not-for-Profit D&O
  • Side A D&O
  • Multinational D&O

EPL insurance coverage is designed to address wrongful acts that occur in the workplace or may occur during the employment process. AIG’s EPL liability insurance considers the full range of exposures that companies may face, including those arising from workplace bullying, wrongful termination, discrimination, harassment, and employee use of the internet and social media.

Crimes against a business may occur in any number of ways and may not be covered under a property or liability insurance policy. AIG developed its Crime Insurance coverage to help protect companies (and their employees) against the dishonest acts of an employee – including independent contractors and consultants – as well as forgery, safe burglary, and computer fraud on a global basis.

What is Fiduciary Liability Insurance?

AIG designed its Fiduciary Liability coverage specifically for directors, officers, fiduciaries, administrators, employees, and employers who are alleged to have breached their fiduciary duty or mismanaged employee retirement and benefit plans.

Why does your organization need AIG Fiduciary Liability Insurance Edge coverage?

  • A benefit plan committee is alleged to have inadequately monitored service providers resulting in claims for poor performance
  • A pension plan administrator made an administrative error when completing pension documents
  • A pension plan fiduciary is alleged to have breached its fiduciary duty by not complying with government pension legislation and regulations

What does AIG Fiduciary Liability Insurance Edge cover?

From coverage for fines and penalties for violating employment standards, to coverages for fees related to complying with required plan corrections, AIG’s comprehensive Fiduciary Liability Insurance Edge helps cover:

  • Fines and Penalties - Generous penalty coverage and protection when a plaintiff alleges violation of any applicable provincial employment standards legislation
  • Voluntary Compliance - Covers fines, penalties, sanctions, fees, and expenses related to corrections of a plan voluntarily made to comply with a governmental voluntary compliance program
  • Vicarious Liability of Third Parties - Covers liability of the company or plan for acts of third-party employees for whom the company is vicariously liable
  • Independent Review of Settlement - Covers fees of an independent fiduciary and the lawyer retained to review proposed settlement of a covered claim

The AIG Advantage

  • Triggers of Coverage - Broad and early triggers
  • No hammer clause or pollution exclusion
  • Indemnification Uncertainty Eliminated - Early advancement of loss within the retention where the company and plan fail to indemnify insured persons for any reason
  • Settlor Capacity - Eliminates the gap between directors’ and officers’ insurance and fiduciary insurance
  • Disproven Allegation Protection
  • Non-Rescindable Side A
  • Full Severability - Includes full severability of all exclusions for all insureds
  • Foreign Jurisdictions - Ensures that the most favourable terms and conditions from local AIG policies are applied to claims in foreign jurisdictions
  • Provides world-class multinational expertise, solutions, and service while delivering a seamless, globally consistent client experience across one of the industry’s largest global networks of 215+ jurisdictions

Financial institutions insurance products help protect a variety of firms from private equity and venture capital to brokerages, banks, credit unions and trust companies against traditional and emerging risk exposures – today and tomorrow.

Management Liability Excess sits atop financial lines insurance coverages. It provides increased insurance coverage for Directors and Officers (D&O) liability, employment practices liability, fiduciary liability, errors and omissions liability, and other management and professional liability coverages.

PortfolioSelect is a modular policy form that delivers a creative, flexible, and efficient solution. PortfolioSelect is designed for public and private companies, non-profit entities, and financial institutions as they can combine many management liability insurance coverages to fit their individual needs, conveniently delivered in one policy.

Insuring M&A through Representations and Warranties (R&W) Insurance is a highly specialized field which facilitates deals by transferring certain unforeseen financial risks of an M&A transaction to an insurer. Whether on the buy or sell side, AIG has the unique knowledge and experience to create customized insurance solutions tailored to the businesses involved in the transactions.