Nuts & Bolts: AIG Small Business, a unit of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), introduced WorldRisk TravelPak, a comprehensive package of international coverages designed for U.S.-based commercial enterprises with employees traveling on business abroad. This package provides a range of coverages for overseas travel hazards, including commercial general liability; non-owned and hired auto liability; employers’ responsibility; excess repatriation expenses; travel accident and sickness; foreign business travel property; and kidnap, ransom and extortion. Geared towards manufacturing concerns, financial institutions, retailers/wholesalers and professional services companies, the package covers ten or less short-term overseas trips per year and up to ten employees per trip.
Dollars: Venue Liability Protector offers general casualty limits of liability up to $1 million in primary coverage and excess limits up to $25 million. Up to $10 million in aggregate AD&D insurance is also provided.
Carrier: Lexington Insurance Co. rated “AAA” by S&P, non-admitted.
States Available: All
Contact: Deborah Coleman, (214) 932-2163 or venueliability@aig.com
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims 
‘Structural Shift’ Occurring in California Surplus Lines 
Judge Awards Applied Systems Preliminary Injunction Against Comulate From This Issue
