Corporate Counsel Premier® For PortfolioSelectSM - AIG.com

Financial LinesCorporate Counsel Premier ® ForPortfolioSelect SMAttorneys in private practice are not the only ones at risk of professionalliability claims. In-house corporate counsel face the risk of being namedin civil, administrative or criminal proceedings such as:• Civil or criminal actions brought by shareholders, regulators andagencies• Licensing actions by state bar associations• Damages sought as a result of legal services provided to employersor othersCorporate Counsel Premier ® protects the personal assets of corporateattorneys, as well as their employer’s balance sheet, in claims allegingprofessional malpractice. The policy protects not only past, present andfuture corporate counsel, but also legal staff and contract attorneys.Key Coverage Advantages• Applies Directors and Officers terms and conditions to reduce potentialcoverage gaps• Provides non-rescindable coverage for non-indemnified loss of employedlawyers and staff (Coverage A)• Extends coverage to pro-bono and moonlighting services provided by in-housecounsel• Protects an organization’s entire in-house legal team, including past, present,and future full-time in-house attorneys and their paralegals and clerical staff• Encompasses a broad range of claims including:– Demands for monetary, non-monetary, or injunctive relief– Suits such as civil proceedings or binding arbitration– Administrative proceedings, such as a judicial, administrative, or barassociation licensure– Employment-related claims arising from reliance on in-house legal services• Offers a zero deductible and no co-insurance for non-indemnifiable loss

Financial LinesCorporate Counsel Premier ® ForPortfolioSelect SMPortfolioSelect SMPortfolioSelect is a modular policyform that delivers a flexible andefficient insurance solution. Clientscan now combine ManagementLiability, Cyber Liability, and specificProfessional Liability coverages to fittheir individual needs, convenientlydelivered in one policy including:• Public Company D&O Liability• Private Company D&O Liability• Non-Profit D&O Liability• CyberEdge ®• CrimeGuard Choice ®• Employment Edge ®• Fiduciary Liability InsuranceEdge ®• Kidnap and Ransom Liability• Corporate Counsel Premier ®• Bankers Professional Edge SM• Insurance Company ProfessionalEdge SMClaims Scenarios*• Two external attorneys (the plaintiffs) alleged that the in-house counsel of apublicly held corporation wrongfully accused them of conspiring with the courtclerk to alter the filing date of a summons and complaint in a patent infringementlawsuit. The lawsuit was mistakenly filed a day early by the plaintiffs, but theclerk allegedly re-stamped the complaint for the next day. The in-house counselposted a blog stating that plaintiffs wrongfully influenced the clerk to change thedate. The plaintiffs filed a lawsuit against the in-house counsel for defamation ofcharacter and demanded over $2 million. After negotiations, the matter wassettled for $700,000.• A treasurer of a financial corporation was required to obtain a certain licensefrom the Office of Thrift Supervision as part of his employment. When applyingfor the license, the plaintiff failed to mention a prior misdemeanor arrest whichled to the denial of his license application which resulted in his termination.Alleging that the omission of the prior arrest on his license application was at theadvice of his organization’s corporate counsel the treasurer sued his formeremployer as well as corporate counsel alleging negligence, negligentsupervision and retention, legal malpractice, defamation/ injury to reputation,and breach of contract demanding over $9 million damages plus attorneys’ feesand costs. The matter was resolved via mediation for $1 million.*The scenarios summarized above are offered only as examples and are not intended to represent an actual claim orinsured. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individualpolicy.To learn more about Corporate Counsel Premier For PortfolioSelect:E-mail:FinancialLines@aig.comVisit:www.aig.com/us/PortfolioSelectContact:Your insurance brokerAmerican International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customersthrough one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG commonstock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIG_LatestNews | LinkedIn: www.linkedin.com/company/aigAIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website atwww.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subjectto actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus linesinsurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.© 2013 American International Group, Inc. All rights reserved. 10/13