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AIG has gained many years of international experience insuring technical risks. AIG’s customers include major industrial companies and owners of commercial real estate, as well as construction and engineering companies 

In the construction industry, AIG works with both owners (investors) and construction companies (general contractors and subcontractors).   

Construction All Risk (CAR) Insurance covers all risks that are not excluded from the insurance contract or insurance policy. In practice, this means that almost any sudden and unforeseen loss or damage incurred during the period of insurance in respect of insured property located on a construction or erection site will be refunded. 

The distinctive features of AIG’s programs for construction and real estate development companies are:

  • Significant in-house insurance capacity: up to $250 million of risk 
  • Insurance of financial losses in the amount of the owner’s lost profits due to delays in commissioning due to unforeseen material loss or destruction 
  • Insurance during the period of post-commissioning warranty obligations 
  • A program of engineering inspections of facilities and written recommendations for owners and general contractors 
  • Special procedures for the settlement of losses that are focused on this very segment and that take into account the importance of meeting facility commissioning deadlines 
  • Expanded (as compared to the insurance that self-regulating organizations (SROs) are required to have) possibilities of insuring the professional liability of construction companies and employer’s liability insurance

AIG’sd experience in the construction insurance field applies to commercial real estate, industrial companies, infrastructure, energy facilities, etc.

All Risk Property Insurance

All-risk corporate property insurance is the best way to protect property against a multitude of adverse events. The client is insured against any type of events, except for exclusions specified in the policy. The list of exclusions is governed by the insurance rules and the policy.

Crime Insurance

It can be hard to accept that your own staff might be stealing from you. Unfortunately, the truth is that it may be the most trusted and senior staff who have the knowledge to skirt round security and set up insidious, well-concealed fraud systems.

Damage to Machinery

The insurance covers internal damage of production and electronic machinery. Extra Expense coverage (clean-up and removal of debris after the insured event, the payment service provider of professional experts, limiting In/Out, etc.).

Directors Liability Insurance SME

Directors and Officers (D&O) insurance provides coverage to small and medium business leaders against claims made against its directors and officers as well as against the company in connection with financial losses alleged by: •Companies •Shareholders, employees •Other third parties (including competitors’ clients, etc.)

Environmental liability insurance

AIG offers a comprehensive insurance product that supports the insured’s property interests associated with injury to the environment and losses resulting from such pollution

General Liability Insurance

This type of insurance protects the insured’s property interests connected with its obligations arising due to infliction of harm to third parties

Loss Control Services

Fire, explosion and other perils such as water damage, windstorm and earthquake can cause serious property damage. These events pose a threat to structures, equipment, business continuity, and, most importantly, the lives of employees and the general public. Property site inspections by insurers are routinely conducted as part of insurance programs.

Business Interruption Insurance

Business interruption insurance is not sold as a standalone policy. It can be added to a property insurance policy. The main objective of coverage is to protect the financial stability of the client during the suspension of business operations resulting from any unforeseeable property damage.

CyberEdge Cyber Liability Insurance

Cyber threats can have serious consequences. Risks range from loss of information on a single laptop to threats posed by cloud computing. Businesses may also face issues regarding denial of service or defacement and disruption to their web presence.

Directors and Officers Liability Insurance

AIG is the D&O market leader in Russia, having unrivalled experience in this field/ •Any breach of duties, mismanagement, negligence, omission, error, misstatement or misleading statement by the director or any officer. Coverage against: •Any actions performed by the director as part of his or her regularly assigned duties •Any duties performed by the director or any other officer while serving at an outside entity

Employer's Liability Insurance

Employers liability insurance against damage suffered by employees. Employer’s liability insurance protects the property interests of the employer against claims of bodily injury, fatal illness or illness of employees as well as property damage to employees in the course of performing their duties under an employment

Fire & Named Perils Insurance

Insurance of property owned by legal entities is a basic type of insurance. Nevertheless, long-time experience of AIG in property insurance makes us confident in our services and programs offered to clients with consideration for all details of their business and specifics of their assets.

Liability Insurance of Owners of Hazardous Facilities

Liability Insurance of Owners of Hazardous Facilities. AIG, JSC is a member of the National Union of Liability Insurers. AIG, JSC was granted a license for the provision of compulsory liability insurance to owners of hazardous facilities. Our underwriters are ready to consult on and assist in concluding compulsory liability insurance contracts

Terrorism Insurance

AIG offers insurance of property against the risk of Terrorism. Our capacities allow underwriting insurance against the largest risks with the benefit of reinsurance on the international market. Besides traditional types of insurance, AIG offers special types of insurance in Russia such as against crisis situations. AIG CJSC offers terrorism insurance under a separate classification. AIG insures property against terrorism.