
3 steps to reduce the risk of workers compensation claims — and better protect your employees
With a rich heritage of more than 100 years’ experience insuring financial institutions — including asset management firms and funds, banks and other lending institutions, and insurance companies — Chubb offers a broad spectrum of quality, customizable insurance solutions and services for financial institutions. You can count on our knowledgeable underwriters, risk engineering specialists, worldwide claims staff, and financial strength.
Meet our Financial Institutions Industry Practice Leader
Asset management firms and funds:
Banks and other lending institutions:
Insurance companies, agents, and brokers, specializing in:
This client required a tailored solution that integrates property, casualty, and cyber insurance. Our Customarq package includes a broad range of coverages and services, including mortgage impairment and foreclosed property, that can help protect the client’s balance sheet.
This financial institutions client required a range of insurance coverages, including coverage for employees traveling globally in case of theft, accident, or illness. Chubb's global operations in 54 countries ensure that our solutions are backed by claim professionals who understand the specific challenges that accompany losses in another country. Chubb also has travel assistance partners with extensive medical networks for delivering services ranging from telemedicine to hospital referrals to medical evacuation anywhere in the world.
This client is an insurance company that required a wide-ranging financial institutions insurance package that includes an art floater for its collection, group personal excess liability for employees, and accident and health policies. Chubb’s extensive risk engineering service was highly valued for its property risk offering, which includes drone rooftop inspections and water mitigation capabilities through its cutting-edge water sensor tech.
In addition to coverage for large, multinational companies, Chubb covers small and midsize businesses with three package policy options — Business Owners Policy (BOP), Benchmarq, and Customarq. Each combines property, business income, and general liability insurance, and can be tailored for your specific exposures.
Protect your small business with this customizable insurance package policy. It offers a combination of property, business income, crime, employment practices liability, cyber, and general liability coverages, as well as the ability to add supporting insurance solutions specifically tailored to your small business needs.
Chubb’s industry knowledgeable risk engineers evaluate your evolving exposures and recommend preventative steps. For Asset Management Protector (AMP) and Private Equity+ (PE+) clients, our network of loss mitigation consultants can help further reduce risk with resources such as regulatory compliance mock examinations and cybersecurity risk assessments.
If an incident does happen, our financial institution-dedicated claims team strives to provide the best outcomes for all our clients.
Chubb understands both the established exposures and the quickly evolving threats facing financial institutions today. From regulatory issues to officer liabilities to data security and much more, our teams of underwriters, risk engineers, and claims professionals have the industry knowledge to provide you with expert solutions and service.
We work to understand your business and where you’re headed so we can be proactive about meeting your needs. Whether your business is big or small, we invest in getting to know you, your team, and your customers. The goal: to help you see ahead, be ahead, and stay ahead.
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always striving to help clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to helping solve your risk challenges.
Chubb has served clients and partnered with leading organizations for more than 200 years. Our longevity, expertise, and financial strength are the bedrock of our business. That’s why 95% of Fortune 1000 companies are Chubb insured.
Using our clients as examples, financial institutions typically purchase a package policy for small or mid-sized companies, which includes not only broad property and general liability coverages, but also features and benefits not found in other industry policies. In addition, they tend to round out their insurance programs with workers compensation, commercial auto, financial lines coverages such as cyber and directors and officers (D&O) or errors and omissions (E&O) and excess liability.
The best defense is offense — and, therefore, Chubb has invested heavily in our risk engineering capabilities to help your organization safeguard against loss. We’re able to proactively assess risks and advise our clients on how to help prevent the breadth of financial institution exposures — whether property perils or cyber hacking.
Risk engineering services help ensure business continuity, protect electronic data processing infrastructure as well as data, and mitigate accidents and injuries for customers and workers alike.
Important qualities for your insurance carrier to have are financial strength and capacity, in addition to specific, deep financial industry expertise that spans all aspects of your insurance partnership.
Chubb’s strength allows us to offer financial institutions robust primary casualty, excess umbrella, and property limits — some of the largest capacity levels available in the industry. Our financial institution expertise starts with our dedicated underwriting and extends through to our claims services. Whether your company is an asset management firm, a mortgage lender, or an insurance brokerage, we address your unique risks. Further, should you experience an incident, Chubb claims team provides efficiency, empathy, and deep experience managing all types of losses that financial institutions could face, from legal liabilities and cyber incident response to employee injuries and property losses.