Crime Manager Complete
With an increasing need to ensure organizations against fraud, wrongful acts of employees and IT crimes, the crime products are becoming a basic and ideal coverage for the organizations.
Cover
• Wrongful acts of employees, dishonesty and fraud (covering all employees)
• Fraud cover for documents of value, securities, instructions, advices, faxes, currency, etc - includes financial organizations and custodian acting on behalf of the insured
• Premises and transit cover on all risks basis, including ATMs, safe deposit boxes and loss of security rights
• Electronic crime cover for computer fraud
Fidelity Guarantee
This cover indemnifies the companies from losses incurred by the employed custodians of money and/or goods due to dishonesty acts committed by them.
Cover
• Wrongful acts of custodians.
Money In Transit
This cover indemnifies the insured against loss of money and/or goods belonging to the insured, as a result of physical violent and forcible robbery whilst in transit.
Cover
• Loss of money belonging to the Insured, as a result of physical violent and forcible Robbery whilst in transit
Directors and Officers Liability
The need for Directors and Officers cover is dramatically increasing in today's corporate governance environment especially with the growing exposure to corporate and foreign investors.
We offer Executives/Officers protection from the financial consequences of their acts, including securities and employment practice claims.
Cover
• Employment practice liability (including emotional distress)
• Shareholder claims
• Advancement of defense costs
• Legal fees and compensation for attendance at any investigation into the affairs of the company or otherwise
• Automatic cover for new subsidiaries
• Optional discovery periods actionable by policyholder or insurer
• Insured v Insured cover for:
• Employment practice claims
• Contribution and indemnity claims
• Shareholder derivative actions
• Liquidator/receiver actions (direct or derivative)
• Any claims initiated by former directors, officers or employees
• Cost of Senior Counsel's opinion if needed for legal proceedings disputed by insured/insurer
• Past, present and future directors and officers and retired directors, officers and employees.
Professional Indemnity
We offer very flexible coverage essentially manuscripted to provide tailor-made coverage for any class of professionals.
Cover
• Professional indemnity and defense costs arising out of a wrongful act
• Any wrongful act arising out of provision of services by insured entities
• Advancement of defense costs
Stockbrokers Professional Liability
Financial Institutions Professional Indemnity
In a fast growing environment where consumers' awareness of their rights and the way to exercise them is constantly developing, the increase in the frequency of professional indemnity claims against financial institutions is no more a surprise.
AIG Egypt offers a protective policy wording that can assist the financial institutions to protect their assets from emerging risks they face.
Cover
• Professional indemnity and defense costs arising out of a wrongful act
• Any wrongful act arising out of provision of services by insured entities
• Advancement of defense costs
Financial Institutions Professional Indemnity
In a fast growing environment where consumers' awareness of their rights and the way to exercise them is constantly developing, the increase in the frequency of professional indemnity claims against financial institutions is no more a surprise.
AIG Egypt offers a protective policy wording that can assist the financial institutions to protect their assets from emerging risks they face.
Cover
• Professional indemnity and defense costs arising out of a wrongful act
• Any wrongful act arising out of provision of services by insured entities
• Advancement of defense costs
Investment Management Insurance
The urgency of providing a right recommendation and reliable investment advises puts more and more pressure on an investment managers and advisors.
Our cover for Investment Management Insurance is a single liability product for Investment Managers, Investment Advisors and Investment Funds.
Cover
• Investment advisor defense costs arising out of a wrongful act
• Defense costs on behalf of the investment fund, including Directors & Officers Liability
• Investment advisor Directors & Officers Liability
Bankers Blanket Bond
Protects banking institutions against damages due to fraudulent acts, robbery, property loss/destruction
Cover
• Losses resulting from dishonest and fraudulent acts committed by the insured's employee(s)
• Losses from robbery, burglary, misplacement, mysterious disappearance or destruction of property (but not due to fire)
• Loss of property in transit
• Forgery or alteration
• Counterfeit currency
• Losses or damages of owned furnishings and equipment (but not due to fire)
Credit/ATM
As the number of Credit/ATM cards holders is increasing day after day, so is increasing the exposure to cards fraud or theft.
This cover indemnifies the insured's financial damages caused due to the loss or theft of the respective credit card and its fraudulent use by third parties on the cardholder account. It also covers the direct financial loss caused due to forcible theft to the insured while withdrawing money from the ATM.
Cover
• Credit cards cover
• Keys and/or identification papers
• Mugging