What Kind of Risks Do You Face?
BusinessGuard First protects you and your business;
For:
- Criminal Defence - You deserve the experienced claims service that AIG member companies provide should a management liability claim alleging dishonesty or fraudulent conduct arise. Our efficient claims service enables you to have peace of mind to focus on building the success of your business. BusinessGuard First will pay for your defence against criminal prosecutions up until an official judgement of guilt or a finding of innocence is reached and made.
- Defence Costs - Mounting defence costs can place a burden on the company's financial position impacting your ability to fund growth opportunities.
- Regulatory Investigations - Over the past few years financial scandals and the uncovering of corrupt practices have led Governments and their regulatory bodies to demand higher standards of care and greater accountability from businesses and their leaders. Investigations have increased dramatically in number and entire industries are at risk.
From:
- Employment Practices Claims - Companies must closely monitor and manage not only their employees' related expenses and excess salaries, but also how their employees are hired, managed and dismissed.
- Business Partners - Inharmonious business relationships can create conflict between business partners that may lead to disputs and claims against the company, or individual officer, for making alleged management error.
- Creditors - Cash-flow driven companies can easily find themselves in conflict with their creditors.
- Investors - Companies, regardless of size, face similar exposures to legal action from investors.
- Threats to Health and Long-term Growth - Legal expenses and other defence costs can cause severe cash flow consequences and jeopardise the health and long-term growth of your business.
Are You Covered...?
| If Your Company Comes Under Official Investigation |
Yes, both you and your company will br covered.
We will pay your and your company's covered defence costs if you are legally required to attend an inquiry - EVEN in the absence of a management error, employment practices error or defamation by you or your company. |
| If Your Company Grows and Charges |
In recognition of how a company can evolve and grow, we also provide protection for any suit that may arise:
- if you acquire or dispose of a subsidiary - we continue to provide the same or similar protection to your company
- after you retire - you'll still enjoy the full protection of this cover
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Your Insurer of Choice
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Efficient Claims Services - Our professional management liability claims handling team located throughout Asia provides efficient claims services.
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Industry Expertise - AIG member companies are one of the largest providers of Directors and Officers Liability Insurance in the world with more than thirty years experience.
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Global Network and Local Know-how - AIG member companies have over 50 million customers worldwide and is one of the largest commercial insurance organisations in the world, represented in over 130 countries.
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Financial Strength - AIG is one of the strongest and most stable insurance and financial services organisations in the world. When you consider the sheer size and the billions of US dollars in assets of AIG, you'll realise that we are just about the most secure long-term business partner you can have. AIG member companies have an outstandingly strong and durable financial position, and an unrivalled global network that sets us apart from the competition.
How to Obtain Cover?
It's simple. Just complete a one page BusinessGuard First application form and we'll handle the rest.
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