Today, businesses face numerous cyber risks; many of which are shared systemic cyber risks that apply across a broad array of businesses. These systemic exposures can lead to widespread events and result in catastrophic losses. Addressing these enterprisewide risks requires an enterprise-wide solution: Chubb’s Cyber Enterprise Risk Management (Cyber ERM). With Cyber ERM and Chubb’s approach to Widespread Event coverage, businesses can tailor insurance to their unique exposures and needs, providing for greater coverage certainty and also providing long term stability in the cyber insurance marketplace.
Significantly more than half of all cyberattacks are directed at small and mid-sized businesses, and that number is steadily increasing. Read more about what measures you can take to help prevent a cyberattack.
Chubb’s Cyber ERM policy offers a distinctive level of protection to any organization that owns or manages sensitive customer or employee information, third party corporate information, a computer network or a website. This includes clients of all sizes and across all industries. Chubb’s expansive cyber appetite even includes industries that have experienced the greatest frequency of cyber incidents, including healthcare, financial institutions and retail.
The Chubb business owner’s policy (BOP) is designed specifically for small businesses by incorporating robust coverages for property and liability as well as over 50 optional coverages. In addition to the BOP, we also provide auto, workers compensation, specialty and umbrella products for a total account solution. The Chubb Small Commercial Insurance products will serve as the foundation for small professional services such as advertising firms, appraisers, consultants, veterinarians and many more.