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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.

Coverage Highlights

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.
  • 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.

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

Claims Scenarios

Mislabeling of Consumer Products

A claim was made by retailers against a costume jewelry manufacturer that failed to comply with labeling requirements of consumer product safety laws. The retailers incurred costs to remove the non-compliant product from their shelves, and also lost revenues.

Embedded Sensors and “Internet of Things”

In an initial effort to capitalise on the “Internet of Things,” an advanced manufacturer embedded sensors into automated processes that provided real-time data on production output. Unfortunately, a flaw in the software controlling the sensors enabled an unauthorised user to access the data. Several end users of the sensors filed a lawsuit against the manufacturer for damages sustained from the unauthorised access.

Download the Manufacturing Errors & Omissions (E&O) Infographic for more claims scenarios.

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

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