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AIG business insurance

AIG business insurance allows you to customise your insurance policy to fit your needs.

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Alex Reid

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What you need to know

  • AIG business insurance provides cover for small and medium-sized business, so you can reduce your exposure to risk, and recover faster if something unexpected does happen.
  • Customers have the ability to customise their insurance, to create a tailor-made policy.
  • AIG insurance packages offer all the essentials, including cover for damage, business interruption, liability, theft, and more.

AIG business insurance - features and benefits

As a major insurer with a long history in the industry, AIG has a lot to offer prospective business customers and professionals.

  • Financial strength. With over 90 million customers worldwide, AIG is a sound financial institution backed by industry accreditation.
  • Local knowledge. With offices in Sydney, Melbourne, Brisbane and Perth, AIG’s Australian staff understand your particular business needs.
  • Comprehensive coverage. Because AIG has one of the most extensive ranges of products and services to cater for your business insurance needs.
  • Small business options. AIG has specific policies for small to medium businesses, such as their My Business My Choice package, which offers a complete insurance solution for SMEs.

What types of business cover does AIG offer?

AIG Business Insurance includes a product for various risks that a business might be exposed to. It can provide tailored cover for industries including aviation, construction, financial services, hospitality and tourism, manufacturing, retail and more. Some of the business products they offer include:

  • Accident and Health. Cover includes group injury and sickness insurance to protect employees.
  • Liability. This can cover you for the legal defence and compensation costs that can follow an accident or injury caused by your business.
  • Crisis. Cover for recall costs, replacement costs, business interruption and more.
  • Environmental. Cover for pollution legal liability and environmental liabilities arising from new pollution conditions.
  • Financial Lines. This includes a broad range of products including crime insurance, cyber insurance, kidnap and ransom insurance and more.
  • Marine. Tailored marine insurance for importers and exporters with loss control engineering, recovery support and more.
  • Mergers and Acquisitions. Cover for litigation buyout, tax liability and more.
  • Political Risk. cover for a wide range of overseas business activities including equity investments, cross-border loans and contracts for goods and services.
  • Commercial Property. Cover against losses arising from damage to your company's physical assets, business interruption and more.
  • SME Solutions. Packaged cover for Small and Medium sized (SME) businesses.
  • Multinational. A multinational programme with tailored Insurance solutions.
  • Fronting and Captive Services. This is a customised solutions service for business with complex risks that are not sufficiently addressed by traditional insurance products.
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Make sure you read the PDS
2022 Finder research shows that 23% of Australians don't read the insurers' PDS.

Can AIG cover small businesses?

AIG Insurance offers cover to meet the unique needs of small and medium Australian businesses.

AIG offers it's SME (Small to medium enterprise) solutions. This product is designed to reduce the chance of your business suffering a loss, and to help you recover as quickly as possible if something does go wrong. Rather than a one-size-fits-all solution, AIG can tailor a policy to protect against the specific risks faced by your business, and offer a professional and efficient claims handling service.

AIG Small Business Insurance is designed for Australian businesses with up to $10 million worth of assets per location and up to $20 million in turnover. It offers a wide range of coverage options including:

  • General property
  • Glass
  • Equipment breakdown
  • Marine transit
  • Management liability

Does AIG offer professional indemnity insurance?

Yes. AIG offers professional indemnity insurance (as part of it's financial lines product) designed to cover professionals and businesses in instances of negligence or professional misconduct. Policies can be tailored to suit professionals across a range of industries and businesses small or large. This includes jobs such as:

  • sole traders
  • architects
  • accountants
  • brokers
  • consultants
  • travel agents
  • engineers

Talk to a broker about AIG business insurance

Why do I need to speak to a broker to get a quote? finder.com.au works with a qualified broker to get quotes for AIG Business Insurance. A broker can take you through the application process and help you with any back and forth with an insurer if you need to make a claim.

Frequently asked questions

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Alex Reid is Finder’s business insurance cadet. He has a Master of Marketing from the University of Technology Sydney, with a background in business and sales. When not writing about business insurance for Finder he's a keen scuba diver, recently completed his 200th hour underwater and his PADI Divemaster certification. Before working at Finder he lived in Hangzhou China, where he studied Mandarin and Chinese culture. See full bio

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