To meet growing demand from the industry, Chubb has announced several improvements to the coverage it offers to technology businesses in the UK and Ireland.
The product being boosted is Chubb’s MasterPackage for Technology Companies. It’s package now has enhanced cyber cover as well as added flexibility to allow brokers to tailor terms, conditions and limits to meet a business’s specific needs. The policy also has no warranties, no conditions precedent and no basis clause. It’s also Insurance Act compliant.
“With more than 30 years of experience in providing cover for the risks faced by technology companies and a large dedicated team of underwriters and risk engineers, we have a deep understanding of the needs of this crucial and rapidly evolving sector of the economy,” said Karen Strong, UK and Ireland info tech manager for Chubb.
“As true market leaders in this sector, we continue to expand and evolve the cover we provide to our clients and further invest in the use of technology and online platforms.”
Chubb boosts cyber team in UK, Ireland
Chubb could be on hook for £161 million losses from acquisition