Chubb has introduced CoverPlus – a new platform offering expanded liability-driven products tailored to the evolving risks faced by middle market manufacturers from new technologies and processes.
CoverPlus offers a custom-tailored suite of coordinated insurance products and offers flexible and integrated enhancements to address exposures such as including scalable pollution liability, product withdrawal expense, errors and omissions liability, and cyber liability.
According to research jointly developed with Ohio State University’s National Center for the Middle Market (NCMM) and Chubb, nearly 50% of manufacturers view risks emanating from advanced manufacturing techniques as extremely challenging. In addition, 71% of manufacturers believe their role in the supply chain has become increasingly important and more collaborative with suppliers.
CoverPlus was developed in response to evolving needs and emerging risks customers were facing due to common exclusions on general liability policies. The platform helps streamline the insurance buying process by delivering features, benefits and options through a single provider.
Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
Topics Commercial Lines Business Insurance New Markets Manufacturing
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