AIG Business Insurance

The company serves a wide range of clients, ranging from small and medium enterprises (SMEs) to multinational corporations emphasising focus, teamwork, accountability, and integrity.

AIG business insurance offers essential coverages like:-

• DBA & EIL insurance
• Cyber insurance
• Directors & Officers (D&O) insurance
• Digital solutions for SMEs
• Commercial Property coverage of up to $500 million

AIG Insurance UAE  has built a strong reputation as a responsive claims partner ensuring that you receive timely support. With a talented team that combines experience and fresh perspectives, they bring collective expertise in underwriting and risk management. 

The company’s extensive capabilities allow it to support clients in more than 215 countries and territories, all backed by strong financial support and global technical expertise.

Types of AIG Business Insurance Plans

1. Marine Insurance

Marine Insurance protects your goods while they are in transit, whether by land, sea, or air. It safeguards your assets against risks such as theft, damage, or delays.

This AIG insurance policy plays a crucial role in international trade, ensuring that your assets are secured as they move between ports and through various transit routes.

Types of Marine Insurance

A. Marine Cargo Insurance

Marine Cargo Insurance protects businesses from cargo or losses related to the transportation of goods over water, as well as risks associated with shipping by land or air. 

With AIG insurance comprehensive coverage, you can protect your assets and maintain your business’s reputation, regardless of where your shipments go.

Additionally, AIG business insurance provides specialised services like Marine Loss Control Engineering to help you manage and minimise these risks effectively.

Who Can Benefit?

Marine Cargo Insurance is ideal for various industries, including:-

• Primary industries
• Retail
• Infrastructure projects 
• Small or large exporters
• Importer
• Freight service provider

What’s Covered?

Freight Services	Marine Cargo	Project Cargo Insurance
This AIG business insurance plan is designed for both UAE-based and international companies, including carriers and freight forwarders. It offers comprehensive coverage to protect your goods throughout their journey. Optional Covers: Protects against risks related to the storage of goods Safeguards your investment in goods being shipped Covers mistakes that may occur during the shipping process Protects against losses that result from the interruption of your supply chain Flexible arrangements to meet your specific risk management strategies	AIG Business Insurance provides comprehensive coverage for goods in transit, ensuring protection against damage or loss during transit. Optional Covers: Coverage for inventory throughout the supply chain Protects goods during exhibitions and trade shows Coverage for tools and equipment Optional covers for advanced loss of profit and delay in start-up	Project cargo insurance provides all-risk coverage for property in transit, specifically designed for large infrastructure construction projects.  This AIG insurance policy is ideal for UAE-based and international companies engaged in significant construction endeavours around the globe. Optional Covers: Coverage for potential profits lost due to project delays Financial protection against delays that could impact your project timeline

 

B. Marine Inland Insurance

This type of AIG business insurance plan protects you against third-party damage, property damage, and injuries that may arise during marine operations.

The coverage includes specialised primary and excess liability options, safeguarding you against property damage and bodily injury linked to marine activities. 

Who Can Benefit?

This AIG business plan is suitable for various stakeholders, including:-

• Terminal operators
• Charter Liability 
• Port authorities
• Stevedores
• Ship repair companies
• Protect and Indemnity
• Naval construction firms

What’s Covered?

For smaller to medium-sized port operations, the PortGuard package provides:-

• Comprehensive protection
• Encompassing third-party liabilities
• Physical damage to owned property
• Business interruption

 

C. Marine Liability Insurance 

This type of AIG business insurance plan protects you against third-party damage, property damage, and injuries that may arise during marine operations.

The coverage includes specialised primary and excess liability options, safeguarding you against property damage and bodily injury linked to marine activities. 

Who Can Benefit?

This AIG business plan is suitable for various stakeholders, including:-

• Terminal operators
• Charter Liability 
• Port authorities
• Stevedores
• Ship repair companies
• Protect and Indemnity
• Naval construction firms

What’s Covered?

For smaller to medium-sized port operations, the PortGuard package provides:-

• Comprehensive protection
• Encompassing third-party liabilities
• Physical damage to owned property
• Business interruption

 

D. Recreational Marine Insurance 

This type of AIG business insurance protects individuals and businesses involved in recreational boating and marine activities. 

It covers a range of risks associated with owning and operating recreational watercraft, allowing you to enjoy your time on the water with peace of mind.

Key Benefits:

• Comprehensive Loss Control: Leverage a global loss control network that offers valuable insights and assistance around the world.
• Marine Expertise: Access underwriting, loss control, claims, and recovery services by marine specialists globally.
• High Coverage Limits: Enjoy limits among the highest in the industry.
• Flexible Programs: Programs are tailored to meet your specific needs.

Multinational Risk Coverage: Receive high-quality protection for multinational risks, including locally admitted policies.

 

2. Property Insurance

This AIG insurance provides financial protection against damages to structures and contents caused by fire, theft, vandalism, or natural disasters. 

It helps protect your property, whether it's a home, commercial building, or personal belongings, from various potential hazards.

Property Insurance is essential for safeguarding your investments and providing a safety net in unforeseen circumstances, helping you protect what matters the most.

Key Features:

• Protects the physical structure of a property, including walls, roofs, and permanent fixtures
• Covers personal belongings within the property, such as furniture, electronics, and clothing
• Many policies include liability coverage, which protects you against claims for injuries or damages to your property

 

3. Casualty Insurance

This type of AIG business plan provides coverage for losses or damages resulting from accidents, injuries, or liability claims to third parties. 

It primarily protects individuals and businesses from the financial repercussions of unexpected events that can lead to legal liabilities.

Key Features:

• Liability Protection: Covers legal obligations arising from injuries to others or damage to their property, assisting you in managing potential lawsuits.
• Broad Range of Policies: Includes various forms of coverage, such as general liability, workers’ compensation, and automobile insurance.

Types of Casualty Insurance

Commercial General Liability Insurance

Workers’ Compensation Insurance

This AIG general insurance policy is designed to protect businesses from legal claims related to bodily injury, personal injury, and property damage that may occur due to their operations, products, or activities on their premises.  This AIG business insurance plan is essential for managing risks and safeguarding your businesses from potential financial losses from lawsuits. Policy Sections: Coverage A – Covers claims for physical injuries or damages to third parties resulting from your business operations or premises. Coverage B – Protects against claims related to non-physical injuries, such as defamation, invasion of privacy, or copyright infringement that may occur during advertising or business activities. Coverage C – Provides coverage for medical costs incurred by individuals who are injured on your premises, regardless of fault. Supplementary Payments: Covers additional expenses, such as legal fees and court costs, incurred while defending claims against your business.

This AIG business insurance covers occupational sickness or accidents during employment, including medical expenses and lost wages due to bodily injury or death.  Employer’s liability provides additional compensation beyond workers' compensation benefits if an employer is found negligent in a court judgement. Key Benefits: Legal Requirement: In many countries this coverage is compulsory, requiring businesses to display a statutory certificate of insurance at their worksites. Litigation Risks: Companies face increasing liability for employee injuries, with courts granting high compensation payments. Cost Management: Effective management of employee health and safety risks helps control operational costs and protect company assets.

 

4. Directors & Officers Liability Insurance

This AIG Insurance Abu Dhabi plan protects company leaders from personal financial liability arising from claims related to their professional duties. 

Directors and officers face increasing risks of lawsuits, making this coverage essential for safeguarding their assets.

This plan is crucial for mitigating risks and ensuring that directors and officers can perform their duties without the worry of personal financial repercussions.

Coverage Includes:

• Advancement of Defence Costs: Covers legal fees and expenses for defending against claims.
• Legal Fees for Investigations: Provides coverage for attending any investigations.
• Pre-Investigation Costs: Covers expenses incurred before an official investigation begins.
• Outside Directorship Cover: Protection for directors serving on boards outside their primary organisation.
• Automatic Discovery Period: Ensures claims can be reported after the policy period ends.
• Subsidiaries Coverage: Includes coverage for subsidiaries as defined in the policy.
• Lifetime Run-Off: Coverage for retired directors, ensuring protection even after they leave the company.
• Special Excess Protection: Additional coverage for non-executive directors above the aggregate limit of liability.
• Prosecution Expenses: Covers costs associated with criminal proceedings.
• Bail Bond and Civil Bond Expenses: Assists with expenses related to bail and civil bonds.
• Crisis Communication Extension: Covers costs for managing public relations in crises.
• Risk Management Extension: Provides resources for improving corporate governance and risk management.
• Accidental Homicide (Corporate Manslaughter): Coverage for claims related to corporate manslaughter.
• Assets & Liberty Expenses: Covers expenses related to safeguarding personal assets and liberty.

 

5. Product Liability Insurance

This AIG Insurance Dubai provides comprehensive protection to clients involved in the design, manufacture, or distribution of products. 

It helps companies understand the risks related to their products by educating employees at all levels. 

This AIG business insurance plan provides strategies to prevent issues and assess staff understanding of these risks to reduce the chance of claims.

 

6. Cyber Risk Insurance

Cyber Loss Insurance protects businesses from the growing risks of cyber threats. 

AIG Insurance offers various services to help companies strengthen their security against cyberattacks. 

These services make it easier for businesses to defend themselves from potential online threats and associated losses.

 

7. Professional Indemnity Insurance

With this AIG business plan, you can protect your businesses against claims arising from their professional services or advice. 

This insurance is essential for professionals whose clients rely on their expertise, providing financial protection against potential claims for financial loss.

Key Highlights:

• Professional Liability Cover: Protects against claims related to professional services.
• Defamation Coverage: Protects against claims of defamation related to professional activities.
• Payment of Damages or Settlements: Covers financial liabilities resulting from claims.
• Claims Made Basis: Coverage applies to claims made during the policy period, regardless of when the incident occurred.
• Fraud/Dishonesty Coverage: Includes protection for liabilities arising from employee misconduct.
• Comprehensive Protection: Extends coverage to the company, subsidiaries, employees, and subcontractors.
• Legal Defence Costs: Includes coverage for legal fees incurred in defending against claims.
• Intellectual Property Rights Protection: Covers infringement claims involving intellectual property.

 

8. SME Insurance

SME Insurance (Small and Medium Enterprises Insurance) is designed to meet the unique needs of small to medium-sized businesses. 

AIG Insurance recognizes that these businesses face the same standards of governance, employee welfare, and liability as larger companies.

These solutions allow you to select the specific coverage needed and tailor policy limits and extensions to fit your business requirements.

Coverage Options:

• Clinicare: Protects medical clinics in the UAE, covering everything from electronic equipment to public liability.
• Educare: Offers coverage for educational institutions, safeguarding property, faculty, and students.
• Employee Protector: Provides Workers’ Compensation insurance for employees injured or ill at work.
• Food & Beverage: Extensive coverage for food and beverage businesses, protecting physical assets, profits, and liabilities.
• Office Insurance: Covers physical damage, business interruption, liability, and Workers’ Compensation for office settings.
• Personal Care: Tailored coverage for personal care businesses like beauty salons, spas, and fitness centres.
• Property Owners: Insurance designed for property owners, covering physical assets, income, and liabilities to third parties.
• Retail: Coverage for retail businesses, including protection against employee dishonesty and accidents.
• SME Select: A flexible package offering Property All Risks, Business Interruption, and Public Liability coverage.

AIG Insurance Claims Process

Below are the steps you need to follow to successfully file a claim with AIG Insurance online —

• Start by going to the AIG Insurance official website.
• Click on the ‘Claim’ option located on the left side of the menu on the homepage.
• Choose the ‘Business’ category from the options provided.
• Scroll down and click the ‘Click Here’ button.
• Click on ‘Submit a Claim’.
• Select your preferred option and enter the necessary information, including your policy number, personal details, and claim amount.
• Attach any required documentation to support your claim.
• You’ll receive a call back for the investigation.
• Once approved, you’ll get the claim amount credited to your bank account.

Or 

For emergency global assistance, you can call +1 817 826 7276 (US) and +44 1273 400 610 (UK).
You can also reach AIG Insurance via email at ServiceCenter-ME@AIG.com.

Why Choose Policybazaae.ae for Business Insurance?

By choosing Policybazaar.ae, you gain access to innovative, flexible, and tailored business insurance solutions designed to protect and grow your enterprise.

Here are several compelling reasons why Policybazaar.ae is your ideal choice for AIG business insurance:-

• Comprehensive Offerings: With partnerships across 35+ providers, Policybazaar.ae offers a wide range of products tailored to meet diverse business needs.
• User-Friendly Platform: The online marketplace simplifies the insurance buying process, making it easy for businesses to compare options and select the best coverage.
• Customer-Centric Approach: The platform is dedicated to educating consumers and providing exceptional support, ensuring businesses make informed decisions about their insurance needs.