The management risk solution to protect you and your business

As the spectre of corporate and individual litigation increasingly casts its shadow over today's business and legal environment, management liability protection has become essential.

Decisions you make everyday could potentially be the cause of litigation against both the company and the decision makers - who bear unlimited financial liability.

Meeting the business needs of management liability protection in Malaysia, a revolutionary product, BusinessGuard First covers a wide spectrum of industries. BusinessGuard First also extends coverage to protect the company itself - such coverage is not generally available with a standard directors and officers liability insurance.

BusinessGuard First brings peace of mind to businesses at a reasonable cost. It safeguards your company's assets and long term success from a risk management perspective.

Who should buy BusinessGuard First?
Any company with assets of RM 1,000,000 to RM 400,000,000

BusinessGuard First provides coverage for:

• Company Directors, Executives and Managers
• The company as an Entity (including newly acquired or established subsidiaries)
• Spouses and Heirs of Directors
• Retired Directors

Against Claims Alleging:

• Management Error by a Business Partner, Lender, Supplier, Customer, Shareholder, Regulatory Agency, Professional Advisor or Consultant
• Employment Practices Claims (including sexual harassment)
• Unintentional Defamation (including libel and slander)
• Pollution
• Unintentional breach of any law relating to occupational health and safety
• BusinessGuard First will provide an advancement of defence costs
• BUsinessGuard First also provides cover in the event that you or your company are legally compelled to attend an inquiry into the affairs of your company

Why BusinessGuard First:

• Conflicts of interest exist in all business relations and situations, and so does management risk
• It offers you cost effective risk management protection to safeguard the financial position of yourself and your company
• Protect your business - Legal expenses and other defence costs can cause severe cash flow problems and jeopardise the healthy and long term growth of your business
• Protect the well-being if your family
• Protect the well-being of your former and existing staff
• It's affordable - Suitable coverage at a reasonable price - Premiums start from as low as RM 2,000 for an annual coverage
• It's hassle-free - Obtain a prompt quote simply by answering a few questions about your company when you complete a one-page application form
• BusinessGuard First is developed by member companies of American International Group, Inc (AIG). - one of the largest management liability insurers in the world, with more than 30 years of relevant experience.

Product Profile

BusinessGuard First is a unique and innovative product that offers executives protection from the financial consequences of errors and acts of omission, including customer and supplier claims, made in the course of their past, current and future business activities. A significant advantage of BusinessGuard First is that the policy also covers the corporate entity or company against claims that may arise during the course of business. Such breadth of coverage is unprecedented in Asia.