TORONTO, June 2, 2016 /PRNewswire/ -- Chubb has added cyberbullying coverage to its Canadian Masterpiece® Family ProtectionSM policy to help cover clients and their families from the expenses associated with a cyberbullying incident.
"Technology is an integral part of our daily lives. It connects us and facilitates communication," said Paul Johnstone, Senior Vice President, Chubb Personal Risk Services Canada. "But technology can also be a gateway to risk. Cyberbullying, including online threats and harassment, can create reputational damage and cause financial loss and emotional harm. Chubb's new cyberbullying coverage can help protect the people who are most important to you."
Cyberbullying coverage provides up to $60,000 in compensation to clients and family members for expenses related to harassment and intimidation committed via personal computers, telephones or mobile devices. Clients may recover costs incurred when cyberbullying results in wrongful termination, false arrest, wrongful discipline in an educational institution, or diagnosed debilitating shock, mental anguish or mental injury leading to the inability of the client or a family member to attend school or work for more than a week. The coverage provides compensation for psychiatric services, rest and recuperation expenses, lost salary, temporary relocation services, education expenses, professional public relations services, and cyber security consultants.
Cyberbullying coverage is available to all Canadian Masterpiece® homeowners customers who purchase a Family Protection policy. Chubb's Masterpiece® Family ProtectionSM policy includes an array of coverages to help families recover and protect themselves from perils including stalking threats, carjacking, home invasion, air rage, hijacking and child abduction.
Coverage is subject to the language of the policies as issued.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com.