Financial Lines

When data leaks one problem leads to another.

There are good reasons to consider Directors & Officers Liability Insurance from AIG

Protects directors and officers from claims that may arise from decisions and actions taken within the scope of their official capacities.

Benefits

Indemnifies the company for amounts it is entitled to pay to any directors or officers as indemnification for costs and expenses incurred in successfully defending legal action.

• Employment practices claims
• Shareholders derivative actions
• Liquidator/receiver actions (direct or derivative)
  

Any claim initiated by former director, officer or employee.

Target Market

• Companies which are domiciled in Kenya (but the company might be operating abroad)
• Companies (and their subsidiaries) which are not listed on any stock exchange
• Companies which have been in continuous operation for at least three years
• Companies with total gross annual revenues of up to Kshs. 500 million
• Companies which are not a financial institution, a pharmaceutical, a bio-technology or an information
  technology/services company
• Companies which are not aware of any past claims against the directors or officers within the last 5 years
• Companies which are not aware of any circumstances that could give rise to a claim
• Companies which do not currently have this cover with AIG.

There are good reasons to consider Fidelity Guarantee Insurance from AIG

This insurance covers organizations against financial loss caused by dishonest or fraudulent acts of employees. Cover may be extended to incorporate computer crime.
Loss perpetrated by third parties may also be covered.

Benefits

The policy indemnifies insured for loss of money or stock in trade following dishonesty of employees. Computer crime is also covered.

Target Market

Any firm/organisation.

There are good reasons to consider Kidnap & Ransom Insurance from AIG

Covers financial risks of kidnapping or alleged kidnapping, extortion, detention or hijacking. Cover may be extended to include cost of evacuation and repatriation.

Benefits

• Ransom / extortion payment
• Loss in-transit payment
• Judgment, settlements and defence costs
• Recall costs
• Business interruption
• 24 hour emergency response help line
• Any other reasonable & necessary expenses.

Target Market

Any company with employees either travelling to, or based in, overseas countries, particularly Latin America, Asia, Eastern Europe and Africa.

• Cash rich or high profile companies operating in Africa or overseas.
• Manufacturers or retailers of consumer goods. 

There are good reasons to consider Pension Trustees Liability Insurance from AIG

The pension fund trustee liability insurance provides protection for the trustees, the employees, the employer company and the scheme itself in event of claims brought against them. The policy provides cover for settlement on legal action and for the costs of defending the action. 

There are good reasons to consider Professional Indemnity Insurance from AIG

Covers professionals against any claim that may arise out of their professional work. Cover includes professional errors and omissions and/or negligence. The policy pays for cost of litigation and any settlement that may be awarded. Cover may be extended to include loss of documents and dishonesty by employees.

Benefits

Policy pays for cost of defending a professional malpractice claim.
Dishonesty of employees
Loss of documents
Worldwide territorial limits

Target Market

All professionals excluding medical doctors.

Who is it for?

AIG offers solutions designed around professional classes and business size:

Accountants
Architects
Engineers
Management Consultants
Solicitors