American property and casualty insurer Chubb has launched its latest platform to provide expanded liability-driven products to middle market manufacturers.
Known as CoverPlus, the new offering includes a bespoke assortment of insurance products. These products have been designed to help close coverage gaps generally found in traditional insurance programmes.
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Making the insurance buying process hassle-free, the platform enables manufacturers to buy liabilities policies from a single provider.
This removes the needed for producers and insureds to source coverage from multiple insurers and distribution channels.
The new offering, according to Chubb, will enable middle market manufacturers, to deal with various exposures, such as scalable pollution liability, errors and omissions liability, product withdrawal expense, and cyber liability.
Chubb North America senior vice president for commercial insurance Ernie Salas said: “CoverPlus is a dynamic platform designed to offer a wide range of specialised insurance products and services beyond traditional general liability insurance to proactively support businesses in the manufacturing sector as they face new exposures within a rapidly changing industry.
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By GlobalData“Built on more than 50 years of experience and bolstered by insights gleaned from our research with the NCMM, Chubb provides innovative and thoughtful insurance solutions backed by our industry-leading capabilities in underwriting, claims and risk engineering.”
In April, Chubb rolled out its free Environmental Incident Alert Service in UK, Ireland and Continental Europe for its commercial customers including small, mid-size enterprises to multinational businesses.
