Umbrella Liability is unique to Chubb in the New Zealand market. Also known as "Sleep Easy" cover it offers a broad coverage with higher limits across a range of liability exposures.
Cover provided is worldwide including foreign operations
Provides cover to the USA and Canada
May cover liability assumed under contract
May pay losses after the primary limits have been used, either because a claim is larger than the policy limit or because Product Liability claims have exhausted the Product Liability Aggregate. This is known as "Excess Follow Form" cover.
May pay losses which are not covered by primary policies but are covered by the Umbrella Policy. In these cases, the policy is said to provide "Difference in Conditions" (DIC) cover, which means that protection is provided as a primary policy (ground up).
Provides cover over Motor and Travel policies as well as the Public Liability policy
Contains a very wide definition of who the insured is
Includes Advertising Liability
May give care, custody and control cover to the full policy limit
Provides a very wide definition of Personal Injury
Interested in this Chubb policy?
Have a question or need more information? Contact us to find out how we can help you get covered against potential risks