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Chubb Assembly
Overview
With many intersecting, overlapping, and simultaneous changes taking place in the manufacturing industry, companies require new strategies to manage and mitigate risks so they can free up resources to better take advantage of emerging opportunities.
To help manufacturers close gaps typically inherent in traditional insurance programs, Chubb has introduced Chubb Assembly, an industry vertical solution which offers scalable insurance enhancements and modular, liability-driven insurance solutions.
Public and Product Liability
- Offers broad protection for bodily injury and tangible property damage claims irrespective of whether you designed, manufactured, installed or distributed the final product or stemming from software that fails to perform.
- Premises liability claims and injuries to non-employees.
- First and third-party product recall expense.
Manufacturing Errors & Omissions Liability
- Respond on a manufacturer’s behalf to third-party claims alleging financial or economic injury arising out of actual or suspected product defects, failure of products to perform or failure to perform a service in accordance with a contract
- Provides an Incident Response platform to mitigate and resolve First Party Cyber Incidents that may result in business interruption, data recovery costs and extortion negotiation, as well as coverage for Third Party Liability arising from a Cyber Incident.
Value-Added Services
- Address traditional manufacturing risks, as well as stay in front of emerging issues, such as 3D printing.
Why Chubb
- Ability to write business in 54 countries and territories
- Award-winning claims performance
- Deeply engrained local underwriting expertise within a global network
- Over 400 risk engineers around the world to help identify and mitigate risk for our clients
Related Products
The above information is intended to be a general summary for reference only and does not form part of the policy. You should refer to the policy wording for exact terms, conditions and exclusions. The above information shall not be construed as an offer to sell or solicitation to buy or provision of any of our products outside Hong Kong SAR. For further information, please contact Chubb Insurance Hong Kong Limited on +852 3191 6800.