American International Group Inc. (AIG) has unveiled Independent Directors Liability Insurance, a standalone 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. AIG said IDL Premier provides non-rescindable coverage for independent directors only.
The company reports limits of liability, which are available up to $25 million, aren’t shared with inside directors and officers or the corporate entity.
IDL Premier provides coverage if the primary and excess directors and officers policies do not respond as the result of a decision, when a claim is excluded, or the breach of a non-severable warranty.
Topics AIG
Was this article valuable?
Here are more articles you may enjoy.
Product Liability Verdicts Are on the Rise but There Are Ways to Avoid Them 
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance 
US E&S Outlook No Longer Positive: AM Best 
Death of Teenager on Carnival Cruise Ship Ruled a Homicide 
