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There are good reasons to consider Management Company Protection insurance from AIG

Growing number of management companies

Each year, more and more management companies are set up for various reasons. Nevertheless, when a management company is set up, it is important that the company and its director(s) be well covered for the new risks they could be held liable to.

Complete cover package

AIG has developed a new complete product that combines professional liability, directors and officers’ liability, general liability, employment practices liability and offers the possibility to subscribe by endorsement the World Business Card travel insurance and a 24/24 accident cover.

Who is it for?

Management companies and its director(s)

What is covered?

  • Professional liability
  • Directors and officers liability
  • Employment practices liability
  • Accident and assistance cover (optional)
  • Personal accident cover 24/24 (optional)

 

 

Main Exclusions

  • Contractual fines, fines when uninsurable
  • Intentional wrongful act and gross negligent act, unless by non executive employees
  • Own exceeding of costs and time assessment
  • Known facts or circumstances
  • Bodily injury and property damage (with carve-back)
  • Taxes

This site only contains an overview of the most important coverages and exclusions. Only the general and specific  conditions (“Insurance Policy”) provide an accurate, binding, description of the covers and exclusions.

It is necessary to fully analyse the Insurance Policy, as well as all other relevant documents with contractual and pre-contractual information before any decision to buy, underwrite, adhere to, accept, sign or conclude an insurance agreement.

Important Information

Here you will find information about how to request a quote with detail of premium calculation, the general and specific conditions, and/or other relevant documents with contractual or pre-contractual information, the duration of the insurance policy, the applicable law and jurisdiction, how to file a complaint or reach the ombudsman, etc.