AIG's directors & officers policy now includes travel insurance. (Property/Casualty: Marketplace).

American International Group Inc. has enhanced its directors, officers and corporate liability insurance coverage to include business-travel accident insurance and travel-assistance services.

"This coverage is especially needed for board members who may not have adequate business-travel insurance as part of their employee-benefit package," said John Keogh, AIG vice president, domestic general insurance, and president, National Union Fire Insurance Co.

The endorsement pays benefits in the event of an accident when an insured director or corporate officer is traveling to or from a company business meeting or when he or she is at the business meeting itself. The endorsement also can be expanded to cover accidents that occur during any business or pleasure travel.

The coverage provides benefits up to $250,000 per person, up to an aggregate limit of $2.5 million. Benefits are provided in addition to any workers compensation or other insurance benefits and are paid directly to the insured directors or officers or their designated beneficiaries.

Business-travel accident insurance also provides insured directors and corporate officers access to AIG Assist Travel Assistance Services, offering comprehensive emergency, legal, medical and pretrip or en-route assistance services, which can include assistance with lost baggage/passports, insurance coordination, medical and legal referrals, evacuation and repatriation services, emergency cash and emergency messaging.

Properly/Casualty Marketplace is compiled by Senior Associate Editor Lynna Goch.