AIG offers movable business property protection for those who aren’t on the seas, including trucking and construction companies, property developers, and more.
Transportation & Logistics
Target Risk Classes: Motor Truck Carriers (Vehicle Physical Damage [VPD] & Motor Truck Cargo [MTC]), subject to applicable state laws/regulations; warehousing of all National Fire Protection Association (NFPA) commodity class types; third-party logistics (3PL); ancillary exposures (property, equipment, installation, etc.)
Broad commodity appetite; up to $25M Per Occurrence / $10M Per Occurrence CAT
Ability to combine multiple coverages under one policy/limit/deductible structure
Admitted capability using AAIS forms
Construction & Equipment
Target Risk Classes: Contractors of all types, oil and gas field service contractors, public entity equipment exposures, contractor’s equipment rental and sales and port and marine terminal cargo handling equipment
Up to $25M in policy limits; $10M for earthquake, flood and named windstorm
Business Interruption coverage available
Option for combined program with property and other inland marine coverages
AIG Inland Marine’s specialized team enables clients to address their complex global risks.
Dedicated Risk Engineers and Claims Professionals
AIG Inland Marine’s dedicated risk consulting and claims teams help clients understand their risks and recover from losses.
Global Footprint in Approximately 70 Countries and Jurisdictions
AIG Inland Marine is committed to providing clients customized solutions wherever they may be or go.
Delivers customized solutions for clients’ standard or complex risks leveraging a long-established market commitment, marine expertise and an extensive portfolio
Provides flexible proactive solutions through a holistic approach across underwriting, claims and risk consulting
Deploys a consistent, seamless experience supported by local coverage for clients in over 215 countries and jurisdictions
Creates solutions tailored to clients’ complex needs utilizing industry leading underwriting, global resources, and data & analytics
Sustains a broad appetite to meet the needs of clients with Inland Marine Transportation & Logistics and Construction & Equipment risk exposures
Dedicates a team of Inland Marine underwriters around the world who have the experience and knowledge to provide differentiated client solutions
Provides dedicated Marine Loss Control Engineering (MLCE) and Claims resources to help clients understand their risks
Upon coverage confirmation, AIG’s Marine Claims Promise provides funds up to 50% of client’s share of an agreed loss estimate within 7 days for property damage/repairs, sue and labor, and debris removal
Delivers a global, end-to-end solution for clients’ claims intake, adjudication and management to help ensure a seamless claims process
Real-World Problem Solving
Benefit from our proven experience in working with customers and their brokers and agents to deliver successful outcomes.
Challenge
A global logistics company faced an unexpected reduction in coverage from its existing carrier.
Solution
Working in partnership with the client and broker, AIG quickly mobilized its global inland marine transportation resources to understand their risk and develop a tailored program.
AIG Benefit
The client maintained inland marine transportation coverages that addressed their unique risks and allowed them to continue operations without interruption.
Challenge
A longstanding client with significant losses was up for renewal.
Solution
The AIG Inland Marine team, in coordination with Underwriting, Claims, Distribution, Actuarial, Multinational, and Captives, worked with the client and its broker to understand the program’s goals and provide a mutually beneficial solution.
AIG Benefit
The revamped program enables the client to maintain coverage with a sustainable long-term solution.
Challenge
A construction client sustained a covered loss to a brand-new critical excavator that required a specialized inspection and repair.
Solution
AIG quickly mobilized its dedicated inland marine risk engineers and claims team to appraise the equipment on the same morning the loss was submitted resulting in the prompt inspection and repair of the damaged unit.
AIG Benefit
AIG Marine Loss Control Engineering (MLCE) and Claims teams enabled the client to limit downtime costs and return to business.
Brokers: Meet Your AIG Team
View contact information for AIG’s national product and distribution teams.
The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.
