Chubb creates UK healthtech industry practice
Property/casualty insurer Chubb has launched a new healthtech industry practice in the UK.
The new practice, which brings together Chubb underwriters, risk engineers and claims specialists, will offer bespoke insurance coverages that provide protection for company assets and third-party liabilities.
It will serve all types of companies from start-ups to established firms that provide technology for use in healthcare services, research environments and related professional services. This includes the creation, distribution, licensing, development or integration of software for these industries.
The practice builds on Chubb's life sciences and technology industry practices. The new offering includes property damage, business interruption, terrorism, employers' liability and cyber, along with liability protection for claims for bodily injury, products and services, professional indemnity, intellectual property and corporate reputational injury.
Chubb's healthtech industry practice will be overseen by Louise Joyce, head of industry practices for EMEA, with Victoria D'Silva, life science practice leader for UK & Ireland, heading a bespoke underwriting team.
Joyce said: "We have been providing coverage for healthtech clients for many years. Our new offering has been designed specifically to meet the needs of companies operating in this fast-moving sector and provides a range of cover in one flexible package that can be arranged online in just a few clicks through Chubb Ignite."
D'Silva added: "HealthTech firms are complex and face myriad exposures that require a specialist policy to avoid gaps in cover. Our product includes a range of first- and third-party covers that are integrated together to ensure that even in claims with multiple types of injuries and causes, there is certainty cover will respond within the scope of the policy wording."
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
