AIG Small Business, a unit of the property and casualty insurance subsidiaries of New York-based American International Group Inc., Monday introduced WorldRisk TravelPak, a package of international coverages designed for U.S.-based commercial enterprises with employees traveling on business abroad.
WorldRisk TravelPak offers a range of coverages for overseas travel hazards, including commercial general liability; nonowned and hired auto liability; employers' responsibility; excess repatriation expenses; travel accident and sickness; foreign business travel property; and kidnap, ransom, and extortion. The package, which covers 10 or fewer short-term overseas trips per year and up to 10 employees per trip, is geared toward manufacturing companies, financial institutions, retailers/wholesalers, and professional services companies.
AIG Small Business' WorldRisk TravelPak product is one of several offered by AIG WorldRisk, a portfolio of foreign commercial general insurance products.
