Hospitality & Leisure
The global hospitality and leisure industry faces emerging pressures and changes that may heighten exposure to risk. These may range from rising operating expenses and energy costs to specific employee issues and the threat of terrorism. Risk professionals in this industry need to manage and stay ahead of an ever-growing spectrum of risk.
With over twenty-five years of underwriting experience, loss prevention, engineering, claims and crisis and litigation management services specific to the hospitality and leisure industry, our goal is to leverage our corporate expertise for your benefit.
Our professionals work closely with clients and distribution partners to enhance risk management programmes, delivering not only deep understanding of the ever-changing exposures facing the industry, but also an appreciation for the total cost of risk facing leisure providers in today’s environment and the future.
Search below to learn more about the range of insurance products and services we can deploy to the benefit of members of the hospitality and leisure industry.
Commercial Automobile Insurance protects businesses owning an auto fleet against risks such as a motor own damage and any third party bodily injury and property damage liability that may arise from an accident Any business that commercially uses automobiles in its operations needs this type of insurance coverage to ultimately protect its bottom line.
Contractors All Risks insurance is designed to provide comprehensive property damage coverage for the myriad of risks that construction projects face from project conception through completion and beyond.
Every corporate strategy of combining businesses through Mergers and Acquisitions presents its own set of unique challenges and inherent risks. At AIG, we recognize Mergers and Acquisitions insurance as a highly specialized field of cover. A cover that focuses on aiding the M&A process by protecting certain potential risks that may be likely to occur immediately or at a later date.
Professional Indemnity insurance covers organisations or individuals against alleged breaches of their professional services.
At AIG, we understand that each type of boat and yacht - from runabouts to mega-yachts has a unique set of logistical issues and risks requiring a specialized insurance solution.
Provides excess limits over and above any other underlying liability coverage forms or policies. In addition, it may also include coverage not included or provided in underlying coverage forms or policies.
AIG Commercial Property is a leading provider of property insurance in the marketplace, with up to $1.5 billion of Limit capacity and significant catastrophe capacity available for a wide range of properties worldwide.
Revolutionary advancements in IT technology has transformed the way companies today manage their business, but have brought with it new and challenging cyber risks. AIG has been at the forefront in understanding these risks and developing a solution that provides all the expertise and financial protection companies need to both protect against the financial losses associated with a data breach or network security failure and to respond swiftly and effectively to manage and mitigate an event. CyberEdge can help mitigate not only the potential financial impact of a data leak, loss or breach, but also the reputational impact and the IT impact because it combines traditional insurance cover with professional consultancy.
Food, drink, cosmetics, pharmaceuticals and tobacco products are susceptible to contamination, both accidental and by deliberate interference through malice for political or financial gain. Such incidents are increasingly common and, when they occur, attract media interest which can have a disastrous impact on the public's confidence in the affected product.
Public Liability Insurance offers cover for third party liabilities (Bodily Injury / Property Damage) arising out of the premises occupied by the Insured and legal costs incurred in connection therewith. The policy also referred to Commercial General Liability or Completed Operations Insurance can be extended to cover legal expenses arising out of Sudden and Accidental Pollution, Act of God Perils, Transportation of Hazardous Substances, Carriage of treated effluents etc.
AIG U.A.E.'s Property Terrorism and Sabotage Insurance has been specifically designed to cover the sabotage, terrorism, mutiny, rebellion, insurrection and coup d'état (excluding war and civil war) risks faced by multinational companies operating in countries where these risks are normally excluded from standard insurance programs. Coverage for strike, riot and civil commotion can be included by endorsement.
Worker’s Compensation covers any occupational sickness, accidents arising out of and in the course of employment (work related) including medical expenses and loss of wages for either bodily injury or death of an employee as per applicable Labor Law. Employers Liability pays additional compensation over and above the workmen’s compensation benefits upon court judgment based on negligence on part of the employer