Nuts & Bolts: The AIG Companies introduced SAFETY Act Homeland Protector, a new set of product and professional liability coverages designed for companies developing and selling anti-terrorism products and technologies in accordance with the Support Anti-Terrorism By Fostering Effective Technologies Act of 2002. The new program insures companies against the product and/or professional liabilities that can arise when a product or technology certified by the Department of Homeland Security is deployed to defend against, respond to, or recover from a terrorist attack. Coverage is activated only when an act of terrorism has occurred.
Dollars: Up to $25 million in limits are available.
Carrier: Lexington rated “AAA” by Standard & Poor’s.
States Available: All states.
Contact: Wanda Johnson, wanda.johnson2@aig.com.
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