Insurance - New liability product unveiled - 11/06/2008

 
 
  AIG Small Business, a unit of AIG Commercial Insurance, has today announced the availability of its new Contractors Pollution Liability Insurance designed for the needs of contractors with revenues under $10 million.

Contractors Pollution Liability (CPL) provides legal liability coverage for bodily injury, property damage, and environmental damage resulting from covered operations at a job site, whether performed by the contractor or a sub-contractor.

According to the company, CPL is available on either a claims-made or occurrence basis, and provides protection against third-party claims typically excluded under a commercial general liability policy.

Brian Inselberg, president of AIG Small Business, said: “Small residential builders, roofers, and other types of general contractors frequently face exposure to environmental risks associated with their work or the work of sub-contractors under their management. CPL coverage was designed to be a cost-effective way to address these contractors' risks.”

In April, American International Group renamed its domestic general insurance operations as AIG Property Casualty Group. The Insurance giant announced that the new AIG (American International Group) Property Casualty Group will include the AIG Domestic Brokerage Group companies, which will now be known as AIG Commercial Insurance Group, as well as the AIG Domestic Personal Lines companies, United Guaranty Corporation, and The Hartford Steam Boiler Inspection and Insurance Company.

   
 
     
 
 
  02/04/2008 - Home business insurance launched. A new insurance policy product aimed at people who run a business from home...
30/06/2008 - Law reprimands insurance discrimination. The impact on the insurance sector of the Government’s new Equalities Bill is quite...
26/06/2008 - Cancer awareness month puts men under the spotlight. A new survey by charity organisation Everyman Male Cancer has revealed that British men...
 
  General Motor Insurance Guide. Road Traffic Act, Motor Insurance is required by anyone who is either driving or keeping...
Insurance Guides. You can never be too prepared for accidents and emergencies but how can you be...
 
  23/06/2008 - World's biggest insurer replaces chief executive. The world's biggest insurer, American International Group Inc, replaced CEO Martin Sullivan after it...
22/06/2008 - Insurance in Reality. Big Brother has become synonymous with British summertime, with further histrionics, mind-games and attention-seeking...
20/06/2008 - Insurers must be fairer on illness claims. Critically ill patients who are denied their insurance payouts because they did not make...
Insurance News Latest News
10/10/2008 - Younger drivers advised on how to lower their costs. Younger motorists have been given advice on how they...
Read More
10/10/2008 - Insurance warning over home safes. With the ongoing woes in the financial sector it...
Read More
09/10/2008 - Drivers advised to check headlights to keep premiums low. Van drivers are being advised to ensure their lights...
Read More
More News >>



Only Insurance Ltd is authorised and regulated by the Financial Services Authority, FSA registration number: 313649. Our registered offices are 1 Kings Avenue, Winchmore Hill, London N21 3NA, company number: 05223009. Telephone 0207 377 1805.