Self-insured Retention Policy

Umbrella Elite S.I.R. is a new policy designed for insureds with self-insured retention of $1 million or more. It provides access to the service provider's Excess Casualty Panel Counsel, a group of nationally known law firms, and offers advancement of crisis response costs and crisis communications management insurance. The policy also allows underlying and/or other insurance to satisfy each of occurrence self-insured retention.

Insureds utilizing the counsel can receive a credit of up to 10% of the self-insured retention and preferred hourly rates from the counsel's firms. The credit is available to insureds that retain a firm immediately after the filing of a suit that seeks damages covered by the policy.

The policy also features CrisisResponse, which advances up to $250,000 of the policy's limit for expenses that an insured may become legally liable to pay as damages resulting from a covered casualty crisis. This feature offers insureds around-the-clock, toll-free access to the Excess Casualty Claims Department if a covered casualty crisis occurs.

The policy also includes Excess Casualty CrisisFund, which provides the insured up to $50,000 of coverage towards the services of a PR firm if a major casualty crisis occurs.

In addition, the policy offers coverage for non-employment-related discrimination, vicarious liability arising out of intentional acts, and personal and/or advertising injury due to infringement of copyright and trademark use.

AIG Insurance Company, 70 Pine St., New York, NY 10270-0002. Tel: 212-458-5807. Fax: 212-458-5860.