Chubb announced that has enhanced MasterPackage for Technology Companies, its comprehensive single contract insurance solution for technology businesses in the UK, as it continues to expand its offering in this key sector of the economy.
Masterpackage for Technology Companies provides first and third party liability cover for businesses of all sizes with domestic and/or international operations that are active in this sector, the company said in a statement.
Coverage is provided on an “Any One Claim” basis, with the full liability limits payable for each claim as opposed to being available in aggregate for the entire policy period, Chubb explained.
Chubb said other key benefits include:
- Enhanced cyber covers and capabilities.
- No warranties, no conditions precedent and no basis clause.
- Flexibility to tailor terms and conditions as well as limits to meet specific client needs.
- Insurance Act compliant.
Source: Chubb
Related:
UK’s Insurance Act May Lead to More Intense Rate Competition: Fitch Wire
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