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ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Executive LiabilitySM Announces ÌìÃÀÍøÕ¾´«Ã½´«Ã½ PrivateEdge PlusSM
Modular Package of Seven Coverages Available for All Private Companies

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Executive Liability, a division of the property-casualty insurance subsidiaries of American International Group, Inc. (ÌìÃÀÍøÕ¾´«Ã½´«Ã½), introduced ÌìÃÀÍøÕ¾´«Ã½´«Ã½ PrivateEdge Plus, a package policy of seven management and professional liabilities products allowing private companies to purchase multiple coverages in one complete package.

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ PrivateEdge Plus includes coverage for: directors and officers and private company liability insurance; employment practices liability insurance; fiduciary liability insurance; fidelity liability insurance; miscellaneous professional liability insurance; employed lawyers’ professional liability insurance and; kidnap and ransom/extortion insurance.

“ÌìÃÀÍøÕ¾´«Ã½´«Ã½ PrivateEdge Plus simplifies how private companies can obtain best-of-class management and professional liability coverage by allowing them to customize coverage to their specific needs,” said Brian Inselberg, president of Corporate Accounts and Private Company & Not-for-Profit Divisions, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Executive Liability.

The new product allows companies to be selective when choosing coverage they need while using a single policy, and provides a simplified submission, quoting and binding process (one simple online application form), according to ÌìÃÀÍøÕ¾´«Ã½´«Ã½. Additionally, the coverage allows customers to share or separate limits and to align expiration dates on any or all of the seven products to further streamline the process.

Source: American International Group

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