WHITEHOUSE STATION, N.J., July 14, 2021 – Chubb has added its Errors and Omissions solution to its award-winning 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,” said Jeffrey Updyke, Division President, Chubb Small Business. “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,” added Updyke. “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.”
Pro ERM℠ is available to more than 150 types of professional service firms including consultants, staffing firms, call centers, and bookkeepers, and is backed by Chubb’s financial stability, superior claims service, broad appetite, and leadership position in professional liability insurance. 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,” said William Wise, Executive Vice President, Cyber/Professional Liability, Chubb North America Financial Lines. “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.”
Additional information on Chubb Small Business’ suite of products can be found here. For more about Chubb Marketplace, which is designed to modernize the placement and service of small business insurance, and provide expanded coverage options for small commercial businesses via the agents who serve them, visit here.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, 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. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength 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, Paris and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: chubb.com.