Commercial Liability With Excess Limits
Nuts & Bolts: AIG Excess Casualty introduced AIG ExcessPrime, a $25 million commercial liability program that provides insureds with additional excess limits. AIG ExcessPrime is designed to sit in excess of $50 million lead commercial umbrella insurance. To qualify for AIG ExcessPrime, an AIG member company must currently underwrite the existing lead commercial umbrella layer. The program offers occurrence and claims made forms to provide substantial flexibility to risk managers who need a variety of coverage options. The AIG ExcessPrime initiative features a streamlined quoting process for current AIG clients. When an insured submits an application for lead umbrella coverage, the AIG Excess Casualty underwriting team will automatically provide a quote for AIG ExcessPrime, eliminating the need to submit multiple applications for various coverages.
Dollars: Minimum premium of $2,000/$1 million.
Carrier: AIG, rated “A” (excellent) by A.M. Best.
States Available: All states.
Contact: Melena Ortega, melena.ortega@ aig.com
- How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage
- Home Insurance Tops Property Taxes in Squeeze for US Households
- Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment
- Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies