New Chubb Pro ERM(SM) integrates Miscellaneous Professional Liability, Media Liability, Cyber Liability, and first-party Cyber coverages
WHITEHOUSE STATION, N.J., July 30, 2019 /PRNewswire/ -- In response to ever-evolving exposures requiring enterprise-wide solutions, Chubb has introduced Pro ERMSM to help professional service firms mitigate a range of unique exposures that can impact their businesses. This new offering combines Miscellaneous Professional Liability, Media Liability, Cyber Liability, and first-party Cyber coverages with extensive loss mitigation and incident response services, all in a single policy. Pro ERMSM is an expansion of Chubb's comprehensive Cyber ERM offering, giving organizations of all sizes an enterprise risk management solution to address their wide-ranging risks. "Professional service firms face a variety of liability exposures from their ordinary day-to-day operations, which can have a devastating impact on their company's bottom line and reputation," said Christopher Calnon, Senior Vice President, North America Financial Lines, Chubb. "For example, clients can bring lawsuits against firms for failure to provide a service in a timely fashion, if confidential data is accessed by an unauthorized party, or if a software product recommended by the firm failed to provide targeted efficiencies." "Historically, firms would have to purchase multiple insurance policies or endorsements to secure the comprehensive coverage they need to address these risks," Calnon continued. "Purchasing these coverages separately can result in unforeseen coverage gaps, leaving companies vulnerable to additional exposures. With Pro ERMSM, professional service firms now have access to a more fully integrated solution, enabling them to better mitigate, manage and insure their constantly evolving exposures in today's technology-driven environment." Key benefits include:
For more information on Chubb's Pro ERMSM policy, download the product sheet, or contact your local Chubb agent or broker to craft an insurance program to meet your firm's unique and evolving needs. About Chubb
SOURCE Chubb |
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Company Codes: NYSE:CB |