Liability insurance provides coverage for 3rd party claims for damages. Insurance cover is provided through two different modules: General Liability and Product Liability.
General Liability Insurance provides financial protection against claims for damages resulting from personal injury or property damage as a result of operations/services performed by the insured company.
Products Liability Insurance provides financial protection against claims for damages resulting from personal injury or property damage as a result of a defective product manufactured, distributed or sold by the insured company.
General- and Products Liability Insurance is often provided as a combined product, which gives financial protection against damages for both the services/operations performed and products manufactured/sold by the insured company. In the event of an insured claim, AIG is involved during all steps of the process: investigation, negotiation, court proceedings and, if necessary, payment for damages to the injured party.