AIG building insurance: what each policy covers, and who underwrites it
3 building policies from AIG. For each: whether flood and accidental damage are covered, and what happens once the building is left empty, with the sentence from its own documents. Underwritten by AIG Australia Limited.
- Website
- aig.com.au/
- What it is
- Insurer
- Listed on
- Business premises and property owners, Factories, warehouses and large property (ISR)
- Underwriter
- AIG Australia Limited
- APRA
- Authorised by APRA to write new general insurance (listed as AIG Australia Limited)
Building policies
AIG SME Business Package
- Type
- Business property · Commercial
- Sold
- Through a broker
- Left empty
- Not stated.
- Who it is for
- Small and medium businesses; non-preferred risks include over $10m in assets, north of the 26th parallel, rural/remote locations and asbestos construction. Property Owner is a preferred industry.
- Documents
- Why AIG - SME Business Package brochure (2024) (2024-08)
- Property Owner is listed as a preferred industry.
- Whether a buildings section exists and how flood is treated could not be checked: no PDS, policy wording or TMD for the package was found on aig.com.au.
The policy
“AIG Australia offers a complete risk management solution, providing tailored coverage for a broad range of small and medium sized businesses.”
Source: aig.com.au/content/dam/aig/apac/australia/documents-new/business/why-aig-sme-business-package.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“Package insurance from AIG is only available through intermediated channels.”
Source: aig.com.au/content/dam/aig/apac/australia/documents-new/business/why-aig-sme-business-package.pdf · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“Over $10m in assets”
Source: aig.com.au/content/dam/aig/apac/australia/documents-new/business/why-aig-sme-business-package.pdf · Confirmed on the insurer's page on 13 November 2026.
AIG Property (ISR) - Corporate & Major Accounts
- Type
- Industrial special risks (ISR) · Industrial
- Sold
- Through a broker
- Left empty
- Not stated.
- Who it is for
- Businesses with total insurable assets (property, contents and business interruption values) greater than AUD$750m; AIG can deploy capacity up to USD$750m.
- Documents
- Property Product Profile - Major Accounts Commercial Property (for brokers)
- Page lists non-preferred risks: National Rail / Freight Networks, Unprotected Warehousing, Waste Management, Food & Beverage (EPS).
The policy
“Why Property (ISR) Corporate & Major Accounts”
Source: aig.com.au/home/risk-solutions/property · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“For any enquiries about purchasing, renewing or making a claim on an AIG business policy, please contact your insurance broker or find a broker”
Source: aig.com.au/home/risk-solutions/property · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“This service is tailored for businesses with total insurable assets, including Property, Contents, and Business Interruption Values, greater than AUD$750m.”
Source: aig.com.au/content/dam/aig/apac/australia/documents-new/property/aig-au-property-major-product-profile.pdf · Confirmed on the insurer's page on 13 November 2026.
AIG Commercial Property - Middle Market
- Type
- Industrial special risks (ISR) · Industrial
- Sold
- Through a broker
- Left empty
- Not stated.
- Who it is for
- Businesses with total insurable assets (property, contents and business interruption values) up to AUD$750m.
- Documents
- Property Product Profile - Middle Market Commercial Property (for brokers)
- Product profile is a broker document; no public wording.
The policy
“Product Profile Middle Market Commercial Property”
Source: aig.com.au/content/dam/aig/apac/australia/documents-new/property/aig-au-property-mid-market-product-profile.pdf · Confirmed on the insurer's page on 13 November 2026.
How it is sold
“For any enquiries about purchasing, renewing or making a claim on an AIG business policy, please contact your insurance broker or find a broker”
Source: aig.com.au/home/risk-solutions/property · Confirmed on the insurer's page on 13 November 2026.
Who it is for
“This service is tailored for businesses with total insurable assets, including Property, Contents, and Business Interruption values up to AUD$750m.”
Source: aig.com.au/content/dam/aig/apac/australia/documents-new/property/aig-au-property-mid-market-product-profile.pdf · Confirmed on the insurer's page on 13 November 2026.
Who underwrites and sells it
Underwriter
“Insurance products and services are provided by AIG Australia Limited ABN 93 004 727 753 AFSL 381686.”
Source: aig.com.au/content/dam/aig/apac/australia/documents-new/business/why-aig-sme-business-package.pdf · Confirmed on the insurer's page on 13 November 2026.
AIG Australia Limited: licence
- AFS licence
- 381686 · AIG AUSTRALIA LIMITED
- ABN
- 93004727753
- Licensed since
- 11 January 2011
- Principal business
- Sydney NSW 2000
- General insurance
- Licensed to deal in general insurance products
From ASIC's AFS Licensee dataset, release of 11 November 2026, Creative Commons Attribution 3.0 Australia.
Deep Almanac is a secondary source and this page is provided for general information and reference. It is not financial, investment, legal, valuation, educational or other professional advice, and it is not a substitute for checking the original source. What each policy covers and who underwrites it are read from each insurer's own documents by hand and re-checked daily, so a change can take a day to appear, and the policy wording you are issued is what applies to you. You are responsible for any decision you or your software makes in reliance on this page. See our terms of use.