Independent Directors Liability

Nuts & Bolts: American International Group Inc. (AIG) has unveiled Independent Directors Liability Insurance, a stand-alone policy designed to protect the personal assets of independent directors in case corporate wrongdoing prevents them from being covered by traditional directors-and-officers liability insurance. IDL Premier provides non-rescindable coverage for independent directors only. Limits of liability are not shared with inside directors and officers or the corporate entity.

Dollars: Limits of liability available up to $25 million.

Carrier: AIG.

Contact: managementliability@aig.com