Chubb Assembly

A package product that addresses the evolving risks of the sector and help manufacturers become safer and stronger.

With the fast-changing pace of the manufacturing world, the manufacturing industry requires new strategies to manage and mitigate risks.

Increased application of technologies

Growing demand for speed, new offerings and value-added services from customers

More dynamic operational environment

That's why we introduced Chubb Assembly, a scalable modular insurance solution tailored to help manufacturers close gaps typically inherent in traditional insurance programs.

COVERAGE HIGHTLIGHT

	Public and Product Liability Offers broad protection for third party bodily injury and tangible property damage claims regardless of whether the Insured design, manufacture, install or distribute the product. Third-party injury or property damage arising from your operation or at your premises. First and third-party product recall expense.
	Manufacturers Errors & Omissions Liability Respond on a manufacturer’s behalf to third-party claims alleging financial or economic injury arising from actual or suspected product defects or failure of products to perform or failure to perform a service in accordance with a contract.
	Cyber ERM Provides an Incident Response Platform to mitigate and resolve cyber incidents that may result in business interruption, data recovery costs, extortion negotiation and Third-Party Liability arising from a Cyber Incident.

CLAIMS SCENARIOS

Error & Omissions Liability

Loss of Use

Products that include technology (software, circuit boards, firmware, etc) are susceptible to digital malfunction resulting in loss of use claims from end users.

Product Liability

Property Damage

A claim was made against a fire protection system manufacturer when the fire sprinkler system in a F&B establishment did not activate during a fire, causing property damage, business interruption and financial loss.

Cyber

Ransomware Attack

A F&B manufacturer was targeted by cyber criminals in a ransomware attack, via a malicious file which infected the company's servers. With servers down, production work at the factory came to a standstill as the manufacturer was unable to access their clients’ order details or fulfill any orders. Operations were only restored 5 days after ransom was paid.

The company incurred business interruption costs and financial loss, and clients sued them for loss from non-fulfilment of orders.

Insight

Things you need to know for running your manufacturing business

Rethinking manufacturers insurance

Have a question or need more information?

Contact us to find out how we can help you get covered against potential risks

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