Cover that protects the business from financial effects of property damage.
Our most extensive protection insurance for your property, which provides cover in the event of financial losses arising due to an incident at the insured facilities. Importantly, the policy covers damage from any cause that has not been expressly excluded from the policy at the time of arranging cover.
We are specialised in providing solutions for medium to large trades and services companies, operating locally and internationally. AIG’s global presence means we can offer programs tailored to specific customer needs anywhere in the world, together with logistical support and local market knowledge.
This affirms that our dedicated team of claims experts will mobilise in rapid response to a covered event and, after coverage is confirmed, will advance our policyholders up to 50% of an agreed loss estimate within 7 days, giving them the immediate working funds they need for property damage and repairs, clean-up costs and extra expenses.
Preferred sectors: Financial Institutions, Communications, Healthcare, Infrastructure, Light Pharmaceuticals, Public Authorities, Multinationals and captive programmes.
See our Risk Appetite
We have significant expertise in placing multinational programmes. We are a leading provider of multinational services and underwriting, engineering and claims capabilities in over 200 countries and jurisdictions.
We partner with our clients via thorough analysis of their business operations and associated risks. Services are delivered worldwide by expert field risk engineers well versed in international standards (such as NFPA) as well as local codes. Each risk engineering programme is managed by a highly experienced AIG account engineer.
Global Service: Expert local knowledge. Dedicated claims executives, with specialist industry knowledge to deliver consistent claims service and access to all levels of our Claims leadership team.
Client workshops: Our claims relationship begins with our clients the day their policies start, exemplified by our client workshops, structured around clients’ needs. Typical content includes: analysis of the clients’ key locations and vulnerability to particular perils; mock loss scenarios to model the claims response or highlighting aspects of the policy wording and examining the practical implications for the client.