AIG Europe is offering a crisis support package aimed at companies taking out its corporate insuranc...
AIG Europe is offering a crisis support package aimed at companies taking out its corporate insurance products.
The support package is being included in AIG's CorporateGuard product, and is designed to deliver expert help in the event of a company crisis, caused by factors such as the loss of a major customer or resignation of a key executive.
The service offers one day's professional crisis management from law and public relations firms for unlisted companies or a crisis fund of up to £30,000 for companies listed in the UK.
The amount is dependent on the company's turnover. For businesses with a turnover of up to £25m a crisis fund of £5,000 is offered while for businesses with a turnover of between £25m and £75m a fund of £20,000 is available.
The £30,000 crisis fund is available for firms with a turnover of £75m and above. A fund of $50,000 is offered to companies listed on the New York Stock Exchange.
Chris Townsend, vice president of financial lines division at AIG Europe (UK), said: "This is product demonstrates AIG Europe's commitment to providing the best possible support for companies."
Has run Cautious Managed fund since 2011
What’s right – not what sells
Richards fires back at committee report
Available on Investcentre platform
Invested from 2006-2011