Lexington Insurance Adds Capacity on SAFETY Policy

Lexington Insurance Company, an AIG company, has increased capacity to $50 million from $25 million for the limits of liability offered for Product Liability Insurance provided by its SAFETY Act Homeland Protector^® policy. The company also increased capacity to $25 million from $15 million for the Professional Liability Insurance provided by SAFETY Act Homeland Protector^® policy.

SAFETY Act Homeland Protector^® provides product and professional liability coverage for companies developing and selling anti-terrorism products and technologies in accordance with the Support Anti-terrorism by Fostering Effective Technologies (SAFETY) Act of 2002. The SAFETY Act provides important legal liability protections for providers of Qualified Anti-Terrorism Technologies – whether they are products or services. The liability protections of the SAFETY Act require product and technology providers to obtain insurance that meets certain standards and characteristics, which the SAFETY Act Homeland Protector provides.

“Due to the requests for increased limits which we receive from clients in the Department of Homeland Security’s designation or certification process, Lexington has raised its capacity to provide additional financial safeguard against risks when such products or technologies are deployed,” said David Bresnahan, division and executive vice president, Lexington Insurance Company.

For more information on Lexington’s Safety Act Homeland Protector contact Rob Cruz, Homeland Security Practice Leader at 646-857-1436 or email: Robert.Cruz@aig.com.