Chubb adds E&O solution for small businesses into digital marketplace platform
Chubb has added its Errors and Omissions solution to its Chubb Marketplace digital platform for agents and brokers. The upgraded solution, Pro ERM℠ (Enterprise Risk Management), provides small businesses with a single policy that addresses professional, media, and cyber exposures.
Professional service firms may be held accountable for adverse situations resulting from standard services such as producing advertising or other media content; or collecting, storing, or transmitting private or proprietary information.
“In an interconnected, technology-driven world, professional service firms are often engaged in multiple activities that can put them and their clients in a vulnerable position. To address this holistically, Chubb has designed Pro ERM℠ to ensure small businesses have access to the coverages they need. Small businesses need to prepare like never before. Chubb’s comprehensive solution allows agents to help their small business clients better manage and insure against a wide range of exposures, while also minimizing potential coverage gaps they may otherwise encounter when securing policies separately.” – Jeffrey Updyke, Division President, Chubb Small Business.
Pro ERM℠ is available to more than 150 types of professional service firms including consultants, staffing firms, call centers, and bookkeepers. Agents seeking protection for their small business clients from a variety of new liability exposures can select professional liability coverage on a standalone basis or with the inclusion of Chubb’s robust cyber coverage options.
“Chubb has a long history in providing professional liability solutions to mid- and large-sized companies, and is now expanding those offerings to small businesses. Our Pro ERM℠ solution provides comprehensive errors and omissions coverage that addresses professional, media and cyber exposures, along with industry-leading claims handling. Small commercial agents and brokers now have access to this type of coverage through our Chubb Marketplace platform, enabling them to quickly obtain quotes, while ensuring their clients are protected in a timely manner.” – William Wise, Executive Vice President, Cyber/Professional Liability, Chubb North America Financial Lines.