Multinational
This coverage protects employees while traveling overseas for work.
What is Foreign Voluntary Workers' Compensation / Employer's Responsibility Coverage?
When you purchase this cover, you also get Executive Assistance at no extra cost.
Research mice, lab notebooks, finished stock, and laptops all have this in common on the Customarq Life Sciences form.
What is a specific loss payment basis?
TRUE or FALSE:
Software & IT Services, Technology and Manufacturing, and Telecommunication Services are considered to be high-level target appetite for the Technology group.
TRUE
Chubb recently acquired this insurance company that specializes in our furry friends.
What is Healthy Paws?
Claims reporting, policy issuance, and premium tracking are just a few of the features of this award winning Chubb tool, which is available to clients and brokers.
What is Worldview?
Other functions include account servicing, local policy translation, multinational IQ & Multinational Research Tool.
This common medicine cabinet item for wounds is regulated as a medical device.
What is a band-aid?
This Chubb DigiTech ERM insuring agreement covers technology errors and omissions.
What is DigiTech Insuring Agreement T.?
In how many countries does Chubb have operations?
1. 30-40
2. 40-50
3. 50-60
3. 50-60
Chubb has operations in 54 countries. We also have dedicated claims personnel and risk engineers worldwide.
When an insured suffers a loss in a foreign country, this type of policy can help provide coverage if local insurance limits are insufficient.
What is a Difference in Limits (DIL) policy?
DIL coverage is commonly used alongside a Difference in Conditions (DIC) clause to enhance protection for global businesses.
TRUE or FALSE:
Life Sciences companies run all of their clinical trials in the US.
FALSE
Chubb Life Sciences has foreign clinical trials capabilities
This Chubb policy covers technology errors and omissions and cyber.
What is DigiTech ERM?
What is an example of a Chubb underwriting practice that can accommodate quota share programs?
Examples: Energy, Property, Life Sciences
This type of insurance program provides seamless coverage for multinational clients by combining local and global policies.
What is a Controlled Master Program (CMP)?
A CMP helps ensure consistent coverage across multiple countries while addressing local compliance requirements
In this recall class, there is a reasonable probability that the use of the product will cause serious health consequences or death.
What is Class 1?
Our policy form includes coverage for recalls.
This key feature of Chubb's Customarq form for Technology insureds is a Telecommunication Extension for Property and Business Income.
What is Overhead and Underground Communication Lines?
This is the name of Chubb's relatively new clean energy underwriting practice, which handles clean energy manufacturing operations.
What is Climate Tech?
This type of policy enables a carrier licensed in one member state of the European Union to cover risks across the whole European Economic Area.
What is an FOS (Freedom of Service) policy?
While admitted coverage is provided across the EEA, an FOS policy may need to incorporate specific provisions unique to each covered country and/or may need to be translated into various languages.
This type of Property claim has been on the rise, and is the #1 Property claim type for Chubb, commercially.
What is Water Damage?
Chubb recently purchased Stream Labs and can offer water sensors to our Chubb Insureds to help mitigate water damage losses.
What limit is the Chubb Tech E&O/Cyber capacity?
$5,000,000
What is the average number of lines written with Chubb?
1. Between 5-10
2. Over 10
2. Over 10
Average policy lifetime with Chubb is 14 years
This smartphone app, available for free to insured travelers, provides access to local country information, travel alerts, itinerary management, and emergency assistance.
What is Chubb Travel Smart?
Besides the smartphone app, Chubb Travel Smart includes an online dashboard which provides Risk & HR managers with a complete summary of traveling employees, including an ability to send e-mail and SMS messages directly to their people
TRUE or FALSE:
Digital Health Risks are within appetite for both Technology and Life Sciences.
TRUE
Work with your local team to determine who will handle, and plan on joining us for our Digital Health/AI CE Course on Wednesday, March 26th!
For many Tech manufacturing risks, including robotics risks, this is a key hazard.
What are lithium ion batteries?
"War on Water" IoT water detection solutions, BCP consultations, drone rooftop evaluations, infrared thermographic evaluations, and sprinkler plan reviews are all examples of services offered by this Chubb team.
What is Risk Engineering?
This Chubb product allows an insured to expand the coverage of their domestic liability and property insurance to provide worldwide coverage under one policy.
What is Customarq Global Extension?
This includes the ability to issue local policies across the Chubb global network, providing protection against differences in conditions and differences in limits.
Which of the following would not be in appetite for Chubb Life Sciences?:
1. Pharmaceutical company
2. Blood bank
3. Contract research organization
2. Blood bank
What is BitSight?
This new Chubb commercial package product, similar to Customarq, was designed to start with smaller risks but can scale with an insured's growing operations.
What is Benchmarq?