AIG Business Insurance
Reviews 2023

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Read small business insurance company reviews including ratings, policy types, customer service, and pricing.

AIG Business Insurance Ratings

AIG Reviews

AIG Business Insurance Reviews 2023 (Ratings, Complaints & Coverage). AIG (American International Group), founded in 1919, is a popular and international insurance organization. They opened their first land-based office in the United States back in 1926. The company (American International Underwriters Corp.) was officially rebranded to AIG in 1967, following multiple years of subsidiary formation and global expansion.

Other firms currently in this group include AIG Life & Retirement, Western General, AIG Direct, and American General-Life Companies. In addition, AIG is associated with several other insurers, including Travel Guard and Lexington.

If you are a business owner looking to buy liability insurance, read AIG business insurance reviews to learn about AIG's products.

Check out AIG business insurance reviews, ratings, complaints & coverage for general liability, workers compensation and other small business insurance commercial policies.

Following are some of the answers to commonly asked AIG small business insurance questions:

Does AIG Offer Business Insurance?

Yes, AIG offers business insurance with a focus on small business commercial policies.

What Types Of Commercial Insurance Does AIG Offer?

AIG offers small business insurance policies including: General Liability, Commercial Property, Workers Compensation, Commercial Auto and others.

How Much Does AIG's Small Business Insurance Cost?

The average cost of AIG's commercial insurance policies ranges from $59 to over $137 per month, and is mainly based on your business's: Industry, Location, Gross Sales, Employees and/or Payroll, Policy Limits, Endorsements, Deductibles, Experience & Claims History.

About AIG Insurance

With their headquarters in New York, the firm boasts a significantly large property-casualty network, serving in over 100 countries. This global perspective enables AIG to anticipate potential emerging risks and respond promptly to protect customers on a more local scale. Today, they cover many large multinational companies. Their products mainly offer coverage in personal, commercial, and group lines, primarily focusing on life, property and casualty insurance, among other financial products.

They are known for delivering effective, award-winning insurance products for small and large businesses. They offer packages that cover for losses like injury and sickness. They provide insurance for various types of businesses, including SMEs, service providers, and product manufacturers. Their products caters to small and medium-sized businesses, as well as large scale enterprises. AIG business insurance reviews are mixed.

Business Coverages Offered

American International Group enables businesses to better manage common employment practices risks by combining online training, risk management tools, and loss control. They provide coverage for various employment violations against employees and the company, including federal discrimination.

AIG has reliable for many risks that businesses can be exposed to. These include:

General Liability and Product Liability: Designed to protect business owners in case a third party incurs loss or gets injured as a result of business operations. As a business owner, you can secure the product liability product as a reliable solution in cases where faulty products result in loss or injury.

Professional Liability: AIG offers this option to cover businesses and professionals in cases of misconduct or negligence. It includes policies that can be customized to suit small/large businesses and professionals in various industries. AIG business insurance reviews are good for PL.

The Errors & Omissions Package is designed for jobs like sole traders, engineers, architects, travel agents, consultants, accountants, and brokers. It covers professionals against wrongful acts, omissions, or acts, lost documents, as well as instances of fraud, defamation, or dishonesty.

Financial Lines: This package offers coverage like civil liability insurance, data management liability cover, and comprehensive crime insurance. Others include superannuation trustee' liability insurance, directors' liability insurance, as well as investment managers' insurance.

Sickness and Injury Insurance: They incorporates this product to provide illness and accidental injury benefits for business employees, as well as their dependents. This package is also designed to protect employers against financial effects that might be brought about by loss of employees' services. AIG business insurance reviews are fair here.

Political Risk: This product is targeted at businesses that have overseas interests. It covers such against losses that may be brought about by political perils like political violence, confiscation of goods, foreign currency problems, etc.

Surety: American International Group offers this product as a surety solution for various risks in industries like infrastructure, construction, energy, transport, and telecommunications.

Environmental Package: It's an array of products that are aimed at insuring businesses against various environmental exposures. Such include property damage claims, third party injuries, clean up costs, and losses incurred as a result of environmental pollution. AIG business insurance ratings are good.

Small Business Insurance

They multiple packages that are uniquely tailored for small and medium-sized businesses. These solutions are formulated to help reduce the chances of businesses incurring losses. Additionally, they also help businesses recover quickly in case something goes wrong.

Instead of incorporating a one-size-fits-all package, they tailors policies that will protect your small business against the particular risks it might face. Their Small Business Insurance Package offers a broad range of insurance options against equipment breakdown, products' liability, material damage, business interruption, theft, etc. AIG ratings are fair for small business.

Additional Commercial Coverage

Other types of business insurance offered by them include Product Recall, Global Property, Aerospace, Marine, Accident and Health, as well as Mergers and Acquisitions. They offer additional SME insurance solutions like Trade Credit, Captive and Fronting Services, too.

Claims Services

AIG Insurance's claims services are specially segmented to ensure that claims submitted are handled only by professionals who're experienced with the specific kind of product and type. Upon reporting a claim, AIG initiates investigative, legal, and engineering experts to protect the business. Dedicated teams have been assembled for nearly all industries, including those with uniquely complex risks.

Reviews & Ratings

They have above average ratings. Complaints tend to center around claims which haven't been paid or denied for different reasons that customers believe to be invalid. Currently, AIG doesn't show any sign of financial trouble. There's no solid evidence that potential customers should be concerned regarding the firm's stability.

how To Buy AIG Business Insurance

Their products can be bought directly or through brokers and agents. Their official website features prompt quotes for certain products. However, some products might need more involved quoting processes. Most of these aren't easily quotable since they require a significant deal of information. Rates might also vary greatly.

Determination of specific coverage and exact premiums is dependent on the size and type of one's business. Generally, their products aren't targeted at the average person, except for packages like financial planning and life insurance. They barely make effort to advertise themselves as a budget option. As such, you shouldn't expect highly competitive premiums.

Are AIG's Commercial Insurance Reviews & Ratings Good?

Following are some AIG business insurance reviews & ratings found online which appear mixed:

  • - The Better Business Bureau rates them 3.94 out of 5 stars.
  • - Consumer Affairs rates them 2.0 out of 5 stars.

AIG Insurance's Contact Information

Address: 175 Water St, New York, NY 10038


Other companies owned: AIG Bank, AIG Direct, American General Center (AGLA), American General Life Companies, American Home Assurance Company, Chartis Insurance, Inc, Commerce and Industry Insurance Company, FSC Securities Corporation, Granite State Insurance Company, Illinois National Insurance Company, International Lease Finance Corporation, Landmark Insurance Company, Lexington Insurance Company, National Union Fire Insurance Company of Pittsburgh, PA, New Hampshire Insurance Company, Royal Alliance Associates, Sage Point Financial, SunAmerica Asset Management, SunAmerica Financial Group, The Insurance Company of the State of Pennsylvania, United Guaranty Corporation, Variable Annuity Life Insurance Company (VALIC) and Western National Life Insurance Company

AIG Commercial Insurance Bottom Line

With almost 100 years of experience in this field, is deservedly regarded to as among the most ideal options for businesses seeking tailor-made policies. In fact, it's among the largest property and casualty insurers in the world. It's a choice worth considering, especially if you're seeking professional aid for a more prompt response or defense (in cases of lawsuits and allegations). They're a good bet for those that need virtually any kind of business insurance.

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