Chubb updates insurance proposition for technology companies

Property and casualty insurer Chubb has updated its single contract insurance solution for technology business in the UK.

The insurance proposition, Masterpackage for Technology Companies, provides first and third party liability cover for businesses of all sizes with domestic and/or international operations that are active in this sector.

The Insurance Act-complaint solution provides cover on an any-one-claim policy, with the full liability limits payable for each claim as opposed to being available in aggregate for the entire policy period.

Karen Strong, UK and Ireland info tech manager for Chubb, said: “With more than 30 years of experience in providing cover for the risks faced by technology companies and a large dedicated team of underwriters and risk engineers, we have a deep understanding of the needs of this crucial and rapidly evolving sector of the economy. As true market leaders in this sector, we continue to expand and evolve the cover we provide to our clients and further invest in the use of technology and online platforms.”