Chubb has rolled out an enhanced MasterPackage solution for UK technology companies, which develop or provide technology products, solutions or services.

Claimed to be a comprehensive first and third-party policy, the product offers a wider service proposition and suite of cyber support services to the customers.

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MasterPackagesolution is regularly enhanced to meet the requirements and changing risks faced by the technology companies, noted the company.

The latest upgrade includes advanced professional indemnity, cyber cover and added value services along with a new multinational policy wording, in addition to local wording.

Options for cancellation of event, marine cargo, global terrorism coverage, legal expenses, employee crime, kidnap and extortion expenses are also included in the new upgrade.

Chubb UK and Ireland P&C chief underwriting officer Mark Roberts said: “Chubb has a long-standing and successful track-record of working with customers within the technology industry and it has developed a deep and comprehensive understanding of the many risks they face.

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“Chubb’s new MasterPackage solution for Technology Companies has been designed to make life easier for our customers and to give them peace of mind. Our bespoke offering combined with Chubb’s multinational service proposition, creates a solution that meets the many and varied needs of our Technology clients.”

Chubb’s enhanced MasterPackage is majorly aimed at SME and Middle Market businesses but also extends to Major Accounts customers.

Last month, Chubb integrated its North America Accident and Health (A&H) businesses to better address the needs of its middle market and large corporate clients and distribution partners.