The offering includes supervision of the strategy throughout litigation, according to the announcement.
The program of e-discovery-related products and services is designed to help all of AIG Executive Liability’s clients – including directors and officers (D&O) and errors and omissions (E&O) insureds – more effectively manage the e-discovery process. A key component of the program is a panel of premier e-discovery consultants at pre-negotiated, preferred rates for AIG Executive Liability clients.
In addition, as an enhancement to AIG Executive Liability’s primary D&O insurance, an optional endorsement is offered to cover up to $25,000 in first-dollar costs to retain one of these select firms to assist in managing the e-discovery process, at no additional premium to the insured.
“Businesses, as well as the legal community, are struggling with appropriate implementation of electronic data discovery requirements,” said Michael W. Smith, President, AIG Financial Lines Claims, in the announcement. “Our approach ensures that the e-discovery process is executed as efficiently as possible, which assists our insureds in mitigating the escalating costs associated with obtaining electronic documents.”