Chubb in the UK

Why clients need environmental insurance

With an increase in public scrutiny over environmental issues, the spectre of reputational damage, not to mention financial loss, should be looming large for most companies – and not just obvious polluters. But many wrongly assume that they are covered under general liability. This leaves SME and middle market customers exposed, as they may be unable to absorb a high-cost pollution event.

What is environmental risk?

Clients may be exposed to environmental risk if they:
• own, operate or buy and sell property
• operate on third-party premises
• use, store, transport or produce substances that may cause contamination
• generate waste or emissions
• are redeveloping on brownfield land

What should clients look for when choosing an environmental policy?

  1. Comprehensive policy wording
    Chubb has one of the most experienced and specialised environmental risk underwriters globally.
  2. A strong risk management programme
    Chubb has a global network of best-in-class engineering consultants.
  3. Superior claims response
    Chubb have dedicated environmental claims handlers, available 24/7.
  4. Financial strength
    This is key to a secure and long-term relationship with brokers and clients. Chubb’s core operating insurance companies maintain financial strength ratings of AA from Standard & Poor’s and A++ from A.M. Best.
  5. Experienced underwriters
    Chubb has a large underwriting team with a diverse range of technical experience. 
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Opportunity knocks: the cyber-risk gap

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A report by Chubb has shined a light on cyber-risk, the difference in perception between IT and risk professionals, and how insurance can bridge that gap.

Opportunity knocks: the cyber-risk gap
Real-world threats top concern for HNW clients

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Research by Chubb reveals that high-net-worth individuals are more concerned by the risk of physical attacks than cyber threats

Real-world threats top concern for HNW clients
A strong start

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The head of Chubb’s new Industry Practices segment, Karen Strong, explains how the division came about and talks plans for the rest of the year

A strong start
Chubb’s Brexit strategy

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In the run up to March 2019, Chubb explains the plans we have in place to ensure it is business as usual for our clients, partners and employees after Britain parts ways with the EU

Chubb’s Brexit strategy
UKI product launches

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Take a look at the latest product news and updates from Chubb

UKI product launches
Find out more and get in touch

Our Environmental Risk team have a wealth of experience and technical knowledge. Find out who to contact and how they can help manage your clients’ risks.