Enhanced cover to include provision for D&O and professional liability
Chubb Insurance has unveiled a new financial service package.
Known as MasterPackage Infinity, the policy provides bespoke wordings and enhanced covers for a range of risks. This includes standard commercial risks as well as director’s liability, crime, impairment of computer services and business interruption.
The company claims the policy is the first of its kind.
Graham Taylor, senior commercial underwriter at Chubb Insurance, said:
“We realised there was a gap in the market, and brokers agree. The new package from Chubb will provide businesses with a seamless policy, reducing the danger of ‘gaps’ in their policies and the risk of insufficient cover. In such a highly competitive industry, even a slight business interruption can have a significant impact on revenue streams.”
Neil McCarthy, Chubb Specialty Insurance underwriting manager, UK and Ireland regions added:
“There is a minefield of changing legislation which includes health and safety issues, pension rights, cartel activity, intellectual property, data protection and e-business. As such it is more important than ever that financial services providers have the right insurance.”
