Nuts & Bolts:
The Chubb Group of Insurance Cos. is offering a package of eight key coverages tailored small businesses with enhancements to Chubb’s “ForeFront Portfolio.” The changes include a lower minimum employment practices deductible for eligible private companies; an employment practices (EPLI) deductible available as low as $2,000 for some customers; no directors and officers liability deductibles for eligible customers who purchase an EPLI; the option to purchase an additional $1 million in defense cost for each liability coverage purchased; and a policy application streamlined to make it easier for smaller private companies to apply. Its eight coverage sections are: D&O, employment practices, crime, fiduciary, miscellaneous professional, Internet, kidnap/ransom and extortion and workplace violence expense.
Dollars:
Limits are up to $5 million. No D&O deductible when the EPL is purchased through Chubb. An EPL deductible is now available as low as $2,000 for some ForeFront or PowerSource insureds.
Carrier:
Federal Ins. Co. and Executive Risk Indemnity Inc, both rated “A++” by A.M. Best, admitted.
States Available:
All states except California, New York and West Virginia, where not all enhancements may be available.
Contact:
Lisa McGee, (908) 903-3301 or lmcgee@chubb.com.
Was this article valuable?
Here are more articles you may enjoy.
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Experian Launches Insurance Marketplace App on ChatGPT 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators From This Issue
