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AIG Covers Internet Risks.

American International Group Inc. has introduced a series of liability coverages for companies doing business on the Internet.

The explosion of the Internet as a critical business tool has created a host of new exposures for companies establishing a presence on the Web, said Kristian P. Moor, AIG executive vice president of domestic general insurance.

The AIG netAdvantage Program offers limits of liability up to $25 million.

For businesses that use the Internet primarily for advertising, the program covers claims alleging defamation, libel, slander, infringement and invasion of privacy that arise from content published on the Web.

AIG netAdvantage Pro adds coverage for companies that sell via the Internet or provide services to those that do. It covers claims arising from acts, errors and omissions in the insured's computer and Internet services.

AIG netAdvantage Pro+ adds coverage designed for Internet businesses, such as Internet service providers, browsers and portals. The policy covers claims of computer virus transmission, unauthorized access, unauthorized use and loss of service arising from allegations of acts, errors or omissions in Internet services, such as Webcasting, Web site hosting and design.
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Title Annotation:American International Group
Comment:AIG Covers Internet Risks.(American International Group)
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2000
Previous Article:Internet May Cause Industry Shakeout.
Next Article:Hacker Attacks Highlight Risks Of Conducting Business Online.

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