AIG Insurance

About

AIG is a leading global insurance company. AIG stands for American International Group and they offer property casualty insurance, life insurance, retirement solutions and other financial services. AIG offers both personal insurance and AIG business insurance that is tailored for SMEs. AIG was established in South Africa in 1962. 

Pricing 

The cost of your business insurance cover will depend on the type of cover that you choose. Here are four factors that affect the price, type of business, business size and the number of employees, location and claim history. 

Features 

• Property cover – for any damage to property resulting from fire, storms, flooding, accidental damage and more. 
• Electronic equipment cover – for any electronic equipment that is used by the business i.e. laptops, PCs, telephones etc. 
• Business interruption cover – for loss of income in the event of a disaster.
• Motor cover – for loss or damage to the vehicle insured. 
• Business all risk cover – this type of cover allows the business to be insured and covered for specific insured property anywhere in the world. 

Pros

AIG Business Insurance/ SME insurance cover is tailored to each business and they provide multi-line essential cover. Multi-line insurance is a bundle of different risks that are covered under one contract.  

Cons 

The website does not make any reference to 24/7 customer service support.  

• See also: Budget Insurance – Best for small businesses 
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