product list | canada - aig · 2020-05-07 · introduction casualty commercial property consumer...

2016

Product List | Canada

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THIS INFORMATION IS INTENDED FOR INSURANCE BROKERS AND OTHER INSURANCE PROFESSIONALS ONLY

At AIG, product innovation never stands still. If you want to discuss a product not featured in this brochure please contact us.

CasualtyAIG is a world leader in general, excess, and specialty casualty solutions. We offer primary, lead umbrella and high excess insurance for domestic and multinational organizations. Customized enhancements tailor coverage for the unique needs of a wide range of industries, from energy and construction, to real estate and financial institutions as well as manufacturing. We excel at meeting the needs of both large multinational clients seeking captives or controlled master programs, and growing companies drawn to our comprehensive casualty package for foreign exposures. Specialized products support clients through major crises, such as contaminated product incidents and product recalls. Our sound, high-limit capacity is coupled with stellar claims and litigation management capabilities that span the globe.

Commercial Property Our market-leading global property capabilities enable clients of all types and sizes to maintain business continuity in the face of evolving property exposures. Our Property Performance Series,® truly unrivalled anywhere, offers an easy-to-navigate all-risk property damage and business interruption policy for medium to large businesses in a wide range of industry sectors, while up to $2.5 billion in per risk and significant catastrophe capacity is available for wide-ranging occupancies worldwide. Our clients have extensive and experienced global underwriting, risk engineering and claims teams at their disposal, including experts dedicated to offshore, onshore, construction, property and boiler and machinery related risks. Complementing our commercial property portfolio, are our tailored marine solutions group and our highly experienced aviation team offering clients a proven track record of innovative products.

Consumer Insurance Whether helping individuals protect what they cherish most, or enabling a major corporation to enhance its employees’ well-being, we help our clients to prepare for the uncertainties and opportunities of the future. We offer a broad array of personal insurance solutions for individuals, families and organizations. This includes personal accident, travel, warranty programs, homeowners, auto and our Plus+ product suite customized for various lifestyles. Sponsor-paid programs, employee voluntary plans, and individual coverage options are tailored for clients’ needs. Our products come to market through agents and brokers as well as direct marketing via partner organizations and the internet.

Financial Lines Our market-leading financial lines products address the ever-evolving needs of clients ranging from growing private businesses, to the world’s largest public corporations. Solutions include management liability, cyber liability, and targeted professional liability protection —all marked by forward-looking features that enable clients to outpace fast-moving exposures. Our substantial capacity and underwriting and claims expertise, coupled with our knowledge-rich local operations ensure that clients are well equipped to mitigate board-level risks, wherever they operate. With our proven record in the marketplace, clients know they have a committed partner for the long-term. No matter how challenging the financial lines environment, AIG is there.

Fronting and Captive ServicesFronting and captive services from AIG can provide companies with flexible, cost-efficient insurance programs that comply with requirements of local regulators as well as other counter parties. Our fronting programs help clients retain risk through a captive, rent-a-captive or other protected cell structure, or indemnity program. AIG also provides captive management and advisory services to clients.

ProgramsPrograms: Focuses on multi-line program solutions for small and mid-sized businesses. We offer a full breadth of property, casualty, and specialty coverages that are configurable for industry-centric solutions. Ease of doing business through a Program Administrator model is core to the value proposition.

Specialty RisksA full inventory of Specialty Risks rounds out the cohesive approach of AIG, making it truly remarkable. Our Specialty Risks encompass Political Risk, Trade Credit, and Surety business. Across these distinct lines we share a singular reputation for our enduring market commitment; our innovation and flexibility in meeting client needs; and our deep technical expertise —evidenced from underwriting, through loss prevention, to claims handling.

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AIG Multinational Solutions are available for certain products which include the following icon:

INTRODUCTION CASUALTY COMMERCIAL PROPERTY CONSUMER FINANCIAL LINES FRONTING AND CAPTIVE SERVICES PROGRAMS SPECIALTY RISKS SERVICES AIG MULTINATIONAL SOLUTIONS

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NEXTPlease refer to policy wording for exclusions and policy limits

INTRODUCTION COMMERCIAL COMBINED ENVIRONMENTAL GLOBAL RISK SOLUTIONS MARINE PROPERTY TRADE CREDITACCIDENT & HEALTH CRISIS MANAGEMENT FINANCIAL LINES INDUSTRY SOLUTIONS MERGERS & ACQUISITIONS RISK MANAGEMENT CONSUMER LINESAEROSPACE ENERGY FLEET LIABILITIES POLITICAL RISK SURETY

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Casualty

PRODUCTS COVERAGE MARKET

Primary Casualty • Casualty Insurance

• General Casualty Risks• Primary General Liability• Lead Umbrella• Follow-Form Excess Liability• Sexual Misconduct Liability

• All markets

• Commercial Automobile Liability Insurance (subject to binding GL. Other conditions may apply)

• Corporations

• Public entities

• Trucking business

• Contractors General Liability Insurance • Many types of contractors from commercial drywall contractors to electricians

Risk Managed Accounts • Primary Casualty Insurance

• Excess Workers’ Compensation

• U.S. Workers’ Compensation

• Risk Financing

• Captive Management Services and Structures

• Loss Portfolio Transfers/Buyouts

• Construction

• Transportation

• Commercial accounts

• National accounts

Umbrella/Excess Casualty • Umbrella and/or Excess Liability

• Specialty Excess Buffers

• Commercial Umbrella Insurance

• Claims Made, Occurrence or Integrated Occurrence Forms

• U.S. Admitted Policy Capabilities

• All markets

Workers’ Compensation • Commercial Umbrella Insurance

• Claims Made, Occurrence or Integrated Occurrence Forms

• U.S. Admitted Policy Capabilities

• Specialty Excess Buffers

• Catastrophic Excess Liability

• All companies located in the U.S.

Please refer to policy wording for exclusions and policy limits


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Casualty


Contaminated Products and Product Recall • Contaminated Products

• Accidental Contamination Limits up to $35 million

• Malicious Product Tampering and Extortion Limits up to $50 million

• Minimum deductible $25,000

• Food and beverage industries

• Topical products manufacturers (creams, shampoos, etc.)

• Product Recall

• Limits up to $10 million

• Minimum deductible $25,000

• Minimum premium $15,000

• Ingredient manufacturers and suppliers

• Food and beverage manufacturers or distributors

• Flavours and fragrance

• Meat or seafood processors

• Chemicals (food and cosmetic grade)

• Pharmaceuticals (over the counter and contract manufacturers)

• Medical devices

• Packaging product manufacturers

• Educational toys

Energy Casualty • Energy Commercial Umbrella/Excess Liability Insurance

• Primary Casualty Insurance

• Automobile Liability Insurance

• Workers’ Compensation

• Energy-related businesses including mines, chemical plants, utilities/power generation, alternative energy, oil and gas/petrochemicals

WorldSource Global Casualty • Foreign Voluntary Workers’ Compensation

• Defence Base Act

• Travel Accident Services

• All companies whose employees travel nationwide or worldwide

• Global Controlled Master Programs including local country policies

• Worldwide Employers’ Liability

• Worldwide Primary Auto Liability with Physical Damage

• CrisisResponse®

• Passport for Excess Casualty

• Canadian, U.S. and foreign-based multinational companies

• WorldRisk Foreign Commercial Package • Canadian, U.S. and foreign-based multinational companies


INTRODUCTION CASUALTY COMMERCIAL PROPERTY CONSUMER FINANCIAL LINES FRONTING AND CAPTIVE SERVICES PROGRAMS SPECIALTY RISKS SERVICES

1 Registered in the United States only under American International Group Inc.

AIG MULTINATIONAL SOLUTIONS

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Casualty

Please refer to policy wording for exclusions and policy limits1 Registered in the United States only under American International Group Inc.



Environmental Casualty • Environmental & General Liability Exposures (EAGLE) Program® (combines GL and PLL)

• Manufacturing and distribution companies

Environmental Pollution • Contractors Pollution Liability (CPL) • Contractors

• Contractors Pollution Liability for Small Businesses • Small business contractors

• Storage Tank Liability Insurance (TankGuard®) • Storage tank owners


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Commercial Property


Aerospace • Aerospace Products Liability

• Airlines

• Airports, Ground Handlers and Service Providers’ Liability

• General Aviation

• Light Aviation

• Capacity: $100 million Hull and $850 million Liability

• Airlines, aircraft operations and aerospace facilities of all types

• Product manufacturers

• Non-owned aviation exposures

Global Property • The Global Property division of AIG is a leading provider of insurance, risk management and loss prevention services for commercial property, energy and highly engineered risks around the world

• All markets

Commercial Property • The Commercial Property unit is a longtime leader in the property insurance marketplace

• Up to $2.5 billion in per risk and significant catastrophe capacity available in a wide range of occupancies worldwide

• All markets, except those listed under Energy and Engineered Risks

Energy and Engineered Risk • Energy and Engineered Risk has one of the insurance industry’s largest and most experienced global teams dedicated to assessing offshore, onshore, construction, property, boiler and machinery related risks

• Oil, gas and petrochemical

• Chemical and pharmaceutical

• Mining

• Power generation

Loss Prevention Engineering • Global Property clients are supported by world class loss prevention and engineering capabilities delivered by dedicated, multinational teams highly specialized in many disciplines

• All markets

Large Limits Playbook • Designed to help brokers and clients navigate our Large Limits product benefits and build a successful partnership with AIG


Marine • Hull and Marine including Protection and Indemnity (P&I) Insurance

• Inland Marine Insurance

• Marine Cargo

• All markets

Property Performance Series1 Playbook • A sophisticated package of commercial property products and services to meet the growing needs of the middle market




Consumer Insurance


Employee Benefits • Accidental Death & Dismemberment (AD&D)

• Critical Illness

• Hospital Cash Benefits

• Emergency Out of Country Medical

• Assistance Services

• Expariate Medical

• All markets

Occupational Accident • Independent Contractors Occupational Accident Insurance • Office workers

• Technical consultants

• Healthcare specialists

• Instructors

• Artisans

• Franchise owners

• Non-profit organizations

• Truckers Occupational Accident Insurance • Motor carriers

• Owner-operators

• Contract drivers

Special Risk Coverage • Children’s Camp Insurance • Campers

• Staff

• Volunteers

• Daycare Centre/Nursery School Insurance • Staff

• Students

• Hotel Guest Accident Insurance • Hotel guests

• Short-Term Exposure Coverage • All markets

• Sports Insurance • Amateur sports

• Volunteer Accident Insurance • All markets

• Film Insurance • Movie production



Consumer Insurance


Special Risk Coverage (Continued) • Schools and Universities

• Recreation Groups

• Faith-based Organizations

• Associations and Affinity Groups

• All markets

• Staff

• Students

• Visitors

Private Client Group • Homeowners

• Private Collections

• Auto

• Yacht

• Excess Liability

• Exclusive programs designed for high net worth and affluent clients

• Capacity for clients with the most complex insurance needs

• Innovative and flexible global solutions

• Superior risk management and claims services designed to help clients protect their homes, valuables and lifestyle

Travel Guard • Travel Insurance

• Trip Cancellation, Emergency Medical, Trip Interruption, Trip Delay

• Baggage, Delay/Loss

• Concierge and Travel Assistance

• Web Activation

• Accidental Death & Dismemberment (AD&D)

• Collision Damage Waiver/Loss Damage Waiver

• Leisure and business travellers

• Tour operators

• Wholesalers

• Travel agents and brokers

• White label products

• Financial institutions

Warranty • Represent largest and most respected brands

• Flexible operating platforms - customization

• Product administration

• Full service solutions

• Provision of end-to-end capabilities (underwriting to servicing)

• Consumer electronics (televisions, tablets, mobile phones)

• Major appliances

• HVAC/R




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Financial Lines


Professional Liability • Insurance Agents & Brokers Professional Liability

• Investment Management Insurance Edge®

• Private Equity Professional Edge®

• Security Broker/Dealer Professional Liability

• PortfolioSelect®

• Banks

• Insurance companies

• Insurance agents

• Asset management

• Private equity

• Security broker/dealer & captive agents

• Real estate (REIT’s, MIC’s and Mortgage Brokers)

Crime

Cyber

Public and Private D&O

• Financial Institutions Bonds (Form 14, 15, 24 & 25)

• CyberEdge®

• Public Company D&O Insurance (Executive Edge®)

• Private Company D&O Insurance (Financial Institutions Risk Protector®)

• All applicable financial institutions



Employment Practices • Employment Edge® • All applicable financial institutions

Fiduciary

Public Offering

• Pension Trust Liability Insurance (Fiduciary Liability Insurance Edge®)

•

• Public Offering of Securities Insurance (Prospectus Edge®)



Mergers and Acquisitions • Representations and Warranties Insurance

• Tax Liability Insurance

• Contingent Liability Insurance

• Litigation Buyout Insurance


Financial Institutions




Financial Lines


Kidnap and Ransom

Excess

• Kidnap, Ransom and Extortion Insurance (CrisiSolution®)

•

• Excess Edge®

• Side A D&O Insurance (Executive Shield)



Locally Admitted Policies • Locally Admitted Insurance Coverage (Passport) • All applicable financial institutions

Directors and OfficersPackage Products

Employment Practices

Crime

• PrivateEdge Plus

• Not-For-Profit Risk Protector

• PortfolioSelect® for private and not-for-profit entities

• Employment Edge®

• Fidelity and Crime Insurance (CrimeGuard Choice® & Comprehensive Crime Guard)

• All private and not-for-profit companies or organizations


• All private and not-for-profit companies or organizations excluding armoured trucks

Cyber • CyberEdge® • All private and not-for-profit companies or organizations

Fiduciary Liability • Pension Trust Liability Insurance (Fiduciary Liability Insurance Edge®)

• Multi-Employer Pension Trust Liability (9/99 Form)


Kidnap and Ransom • Kidnap, Ransom and Extortion Insurance (CrisiSolution®) • All private and not-for-profit companies or organizations

Excess • Excess Edge®



Private & Non-Profit Companies



Financial Lines


Directors and Officers

Employment Practices

Crime

Cyber

• Public Company D&O Insurance (Executive Edge®)

• PortfolioSelect® for public companies

• All publicly-traded companies

• Employment Edge® • All publicly-traded companies

• Fidelity and Crime Insurance (CrimeGuard Choice®) • All publicly-traded companies

• CyberEdge® • All publicly-traded companies

Fiduciary Liability • Pension Trust Liability Insurance (Fiduciary Liability Insurance Edge®) • All publicly-traded companies

Public Offering

Kidnap and Ransom

Excess

Locally Admitted Policies

• Public Offering of Securities Insurance (Prospectus Edge®)

• Kidnap, Ransom and Extortion Insurance (CrisiSolution®)

• Excess Edge®


• Locally Admitted Insurance Coverage (Passport)





Architects and Engineers • Architects and Engineers Professional Liability Insurance • Design firms and projects of all sizes

Public Companies

Professional Liability



Financial Lines


Education, Not-For-Profit and Public Entity Professionals

Legal Professionals

Media and Technology Professionals

Other Professional Groups

• Public Officials Employment Practices Liability Insurance (Leaders Risk Protector)

• Professional and Management Liability for Schools (Leaders Risk Protector)

• Association Professional Liability Insurance (Leaders Risk Protector)

• Employed Lawyers Professional Liability Insurance (Corporate Counsel Premier)

• Lawyers E&O

• Public entities • Public school districts

• Not-for-profit schools

• Trade and Professional Association

• All markets

• Primary, over 100 lawyers

• Media Liability, Tech E&O and General Insurance (Specialty Risk Protector)

• Pre-packaged and custom software developers• Hardware developers• IT consulting• System analysis and design• Integration, data processing, database management,

website design and IT staffing firms

• Miscellaneous Professional Liability Insurance

• Third Party Administrators Professional Liability Insurance

• Accountants• Consulting and marketing firms• Real estate brokers• Manufacturers• Property managers

Cyber

Excess

Locally Admitted Policies

• CyberEdge®

• Corporate Identity Protection

• All markets

• Excess Edge®

• Locally Admitted Insurance Coverage (Passport)

• All applicable professional liability classes

• All applicable professional liability classes

1 Registered in the United States only under American International Group Inc.



Fronting and Captive Services


Fronting and Captive Services programs are designed to address virtually any risk, including:

• Aviation • Automobile (Liability & Physical Damage) • General Liability • Contractors All Risk • Fidelity • Professional Liability/E&O • Product Liability • Extended Warranty• Workers’ Compensation • Employers’ Liability• Property/Business Interruption• Global Programs • Marine• Employee Benefits• Cyber Risk• Product Recall• Manage cash flow: prepare for unforeseen

financing for losses• Litigation or investigation expenses• Proof of insurance to support marketing and

sales initiatives• M&A coverage gaps

• Fronting Programs enable clients to retain an element of risk, virtually anywhere in the world, in any line of business, via any financing method:

• Captives

• Rent-A-Captives

• Indemnity Programs

• All markets

• Captive Services provides a complete range of services regarding the feasibility, structuring, formation, and management of captives with an in-depth understanding of each domicile’s regulatory requirements and local business practices

• All markets



Programs



Programs • Property

• Liability

• Professional Liability

• Auto

• Crime

• Umbrella

• All markets



Specialty Risks


Political Risk • Confiscation, Expropriation, Nationalization with optional Political Violence Coverage

• Currency Inconvertibility and Non-Transfer

• Contract Frustration

• Wrongful Calling of Bonds

• Mobile assets

• Permanent investments

• Contracts

• Commercial loans

Surety • Contract Bonds • Bid Bonds • Performance/Labour Payment Bonds • Material Payment Bonds • Supply Bonds • Advance Payments

• Alternative to Bank Performance Letter of Credit

• Construction

• Infrastructure

• Support services

• Transportation

• Telecommunications

• Energy (including alternative and renewable)

• Environmental Surety • Environmental contractors

• Engineers

• Landfill and liner contractors

• Consultants

• Hazardous/non-hazardous waste transporters

Trade Credit • Domestic and Export Credit Insurance

• Top-Buyer/Single Buyer Policy

• Financial Institutions Credit Insurance

• Multinational Credit Insurance Programs

• Trade Finance

• Global Limits Manager

• Discounted third party collection services

• Discretionary credit cover and non-cancellable limits available to qualified clients

• All markets




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Services

PLATFORM PROGRAM MARKET

Environmental Policyholder Programs • Pollution Incident & Environmental Response (PIER) Program

• Environmental Engineering

• The RiskTool System

• All policy holders

Loss Control Engineering Resources • Standard engineering services

• Property L/C surveys

• Hazard evaluation and fire protection reviews

• Loss expectancy analysis

• New construction and fire protection plan review

• Impairment monitoring


• Service resources, capabilities and qualified engineers

• +400 property engineers

• Experience in various occupancy types

• Detailed risk assessments, evaluations and engineered solutions

• Specialized seismic, wind and fire investigation services

• Appraisal services

• Uniform engineering guidelines


• International presence

• Global network

• Engineering offices in 16 countries

• Resident field engineers based in more than 35 countries


Casualty Risk Control • Evaluate risk and be the valued-added resource for the client

• Work with the client to improve overall safety management program through risk improvement while providing industry best practices

• RiskTool Advantage





Services

PLATFORM PROGRAM MARKET

RiskTool • A comprehensive loss prevention and risk management system which offers a wealth or risk control tools and information for mitigating health, safety, property and environmental risks in the workplace

• Allows for streamlined compliance and loss prevention activities while reducing administration and increasing efficiency

• Select policy holders who are looking for a robust web-based system providing key tools and applications that can help identify and reduce health, safety and fleet risks across the workplace

Claims • Canada’s largest commercial claims team with over 100 professionals with an average 19 years of experience

• Includes 7 lawyers with litigation experience

• Handled approx 18,000 claims in 2015 and paid out $408 million in claims

• Montreal claims team offers bilingual services

• Strong record of using alternative dispute resolution to reduce overall claims costs and increase client satisfaction



AIG’s global network spans more than 200 countries and includes the largest owned insurance network available in the Property Casualty industry.

Control & Consistency in Managing Risk. You can count on efficient, consistent high-quality underwriting, loss control and claims services throughout our global operations, which services clients in more than 2001 countries.

AIG has the largest owned insurance network available in the Property Casualty industry. With an exceptionally well-established network…we’ve been in 70 per cent of the countries in which we operate for more than 25 years and our companies have been licensed in nearly 30 per cent of their markets for more than 50 years.

Local Knowledge and Experience, Worldwide. Our local employees worldwide provide knowledge and expertise to enrich all facets of your multinational insurance program. We work closely with you, examining and navigating all the issues relevant to your program, from program design to claims handling, where you operate. Whatever your multinational needs, you can trust us to handle them: We’ve been in this business for more than 90 years.

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Whether you opt for local policies, one global policy, or a controlled master program, our global network, experience and flexibility give you competitive advantages.

(1 includes owned operations and network partners.)

AIG Multinational may not be available in every jurisdiction. Please check with your local representative to confirm.

AIG Multinational Solutions


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American International Group, Inc. (AIG) is a leading global insurance organization. Founded in 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to customers in more than 100 countries and jurisdictions. Our diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig.

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. AIG Insurance Company of Canada is the licensed underwriter of AIG Commercial and Consumer insurance products in Canada. Coverage may not be available in all provinces and territories and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. The AIG logo and AIG are trademarks of American International Group, Inc., used under license by AIG Insurance Company of Canada. Additional information about AIG Canada can be found at www.aig.ca.

© 2016 American International Group, Inc. All rights reserved. 09/16 2410D

www.aig.ca

product list | canada - aig · 2020-05-07 · introduction casualty commercial property consumer...

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