AIG Executive Liability Introduces Not-for-Profit Risks Package

September 12, 2007

AIG Executive Liability, a division of the property-casualty insurance subsidiaries of American International Group, Inc. (AIG), is now offering Not-for-Profit Risk Protector, a modular package of management liability coverages for not-for-profit organizations.

Not-for-Profit Risk Protector was created to offer expanded coverage that includes: directors and officers liability coverage; employment practices liability coverage; fiduciary liability coverage; fidelity and crime coverage; employed lawyers professional liability coverage; and kidnap and ransom/extortion.

Organizations can purchase some or all of the coverage options and combine them into one program with shared or separate limits.

“Not-for-profit organizations, ranging from hospitals and universities to homeowners associations and private clubs, are just as vulnerable as any business and the demand for additional coverage is increasing,” said Brian Inselberg, president, Private and Non-Profit Management Liability Unit, AIG Executive Liability. “Certain not-for-profit organizations have broader exposures facing their organizations today and may require more than D&O or EPL coverage. Not-for-Profit Risk Protector provides a simple solution to acquire adequate insurance coverage.”

Source: AIG Executive Liability

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