AIG Private Client Group, a division of giant US insurer American International Group, is launching a one-stop product for the high net worth yachting market. The yacht policy covers the hull, contents and liability of any private yacht, and additional cover is available for crew medical expenses, and crew personal accident. AIG says that the combined facility is the first to offer automatically employers' liability coverage for all crew members, helping to eliminate any potential gaps in cover. In the expanding market for high net worth clients, the AIG unit is offering cover encompassing home, motor, travel and yacht. Ann Owen, manager for the private client operation, said: "This product is aimed at removing the complexity for the client. Historically, clients have had to source all the different facets of their yacht and home insurance from different markets, some of which are not accustomed to dealing with the specific requirements of private clients."