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With D&O litigation on the rise, traditional insurance products may fall short in providing the right protections for your senior leadership. For 60 years, AIG has provided innovative solutions to help protect directors and officers against claims by competitors, shareholders, and regulators. We have the experience and resources to stay ahead of the rapidly evolving exposures facing public companies, private and non-profit organizations, and financial institutions.
Our D&O products provide and enhance the protection available to your executives, directors, officers, and board members for a wide range of executive-level, corporate governance-related exposures. AIG can provide D&O Liability, including Side-A Liability, on a standalone basis or as part of modular policy forms that can also address management liability needs such as, Employment Practices Liability, Fiduciary Liability, Crime and Fidelity, and Kidnap, Ransom & Extortion. Bermuda-based placements are available for primary Side-A coverage and excess coverage for all other Financial Lines products.
The Directors & Officers Statement provides transparent and succinct D&O liability coverage for public companies’ executives, featuring:
Coverage for executives of private companies and non-profit organizations against suits from numerous constituents, such as employees, shareholders, customers, governmental bodies, and others, including:
Directors & Officers Side A Statement extends protection through optional additional limit structure.
Provides the same best-in-class Side-A DIC coverage from the first dollar primary throughout the entire tower.
Management liability captive solutions for corporations looking to use the empowerment of the Delaware General Corporation Law (DGCL) or similar empowerments enacted by other states.
The AIG Statement Series SM provides succinct and transparent management liability coverage to help protect companies and their directors and officers from a wide range of exposures. We offer straightforward, statement-making products that adhere to the highest industry standards.
Find application forms for each of our Management and Professional Liability products.
View contact information for AIG’s national product and distribution teams.
Directors and Officers (D&O) insurance protects those in senior leadership at an organization from personal loss that may arise if they’re sued as a result of their role.
D&O insurance is typically tiered as Side A, B, and C coverage – with Side A offering individuals protection regardless of how their company is covered.
Side A coverage is important for directors and officers for claims where their company fails to or is financially unable to pay for indemnification. This may happen if the company is legally unable to pay due to corporate law or financial insolvency. In this case, the individual director/officer is still protected.
With Side B coverage, coverage responds for the company to the extent indemnification by the company is available.
Side C coverage is also known as "entity coverage," which includes the company itself as an insured in the policy. Choosing D&O coverage depends on industry, company size, and risk levels. Leaders may be vulnerable to lawsuits from employees, vendors, competitors, investors, customers, or other parties.
The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) shou ld request a copy of the standard form of policy for a description of the scope and limitations of coverage.
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American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions protect their assets and manage risks through AIG operations and network partners.
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