Liability Risk and Insurance
CrisisResponse
American International Group (
AIG) has enhanced its Umbrella Elite policy with CrisisResponse, which can advance to policyholders up to US$250,000 for expenses
for which they may become legally liable resulting from a covered major casualty crisis. It also provides up to US$50,000
for the services of a public relations firm during the crisis. Such casualty crises include not only large disasters such
as explosions and major crashes, but widespread contamination of food, drink or pharmaceuticals.