Nuts & Bolts: American International Group Inc. (AIG) has unveiled Independent Directors Liability Insurance, a stand-alone policy designed to protect the personal assets of independent directors in case corporate wrongdoing prevents them from being covered by traditional directors-and-officers liability insurance. IDL Premier provides non-rescindable coverage for independent directors only. Limits of liability are not shared with inside directors and officers or the corporate entity.
Dollars: Limits of liability available up to $25 million.
Carrier: AIG.
Contact: managementliability@aig.com
Was this article valuable?
Here are more articles you may enjoy.
Meta Stares Down Trillion-Dollar Threat as Landmark Social Media Trial Begins 
Should Parents Be Responsible for Kids Getting Hurt and Killed on E-Bikes? 
The Great Modern Train Robbery: Thieves Steal $200 Million a Year 
Death of Irish Teens in Crash Prompts Social Media Warning From This Issue
