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.
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup From This Issue
