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 states.
Contact: Deborah Coleman, (214) 932-2163 or venueliability@aig.com
Was this article valuable?
Here are more articles you may enjoy.
Hordes of Teens on E-Bikes Force Suburbs to Rewrite Road Rules 
Friend of Suspected FBI Data Thief: ‘Crazy’ Teen Warned Not to Hack Bureau 
Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise 
Surplus Lines Leaders Remain Bullish on Outlook in a Shifting Market From This Issue
