Casualty Crisis Insurance

AIG Insurance Companynse is an insurance that advances up $25,000 for expenses that an insured may become legally liable to pay as damages resulting from a covered major casualty crisis. Also, the product includes Excess Casualty CrisisFund, which provides an insured with up to $50,000 coverage towards the services of a public relations firm in the event of a major casualty crisis. This coverage can help insureds address a major casualty crisis b advancing funds to help mitigate damages to victims, their families and communities. Covered expenses include medical, funeral, travel, psychological counseling, temporary living expenses, and other necessary expenses to immediately secure a crisis scene to prevent further damage or injury.

This coverage is triggered when an insured reports a major casualty crisis. Covered casualty crises include, but are not limited to, man-made disasters such as explosions, major crashes, contamination of food, drink, or pharmaceuticals, and other major crises causing multiple deaths, burns, dismemberment, traumatic brain injury, permanent paralysis, or other damages.

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