Financial and professional services organizations face greater risks today than ever before. With a constant threat of litigation over any dispute that may arise and claims coming in from every angle, it may be hard to focus on your clients—or your business. That's where we come in for Chubb financial lines policyholders. Should your organization get served with a lawsuit alleging liabilities insured under your Chubb financial lines policy, our experienced and knowledgeable claims team will step in on your behalf to provide timely and innovative claims services that will help protect your business, your employees and your reputation. We'll handle your claim, so you can get back to focusing on your business.
Chubb has the expertise and resources to handle claims for a number of financial lines categories, including:
The financial damages of cyber attacks are projected to reach $6 trillion annually by 20211 — more than double those same figures from 2015. While the types of cyber attacks are constantly changing, the largest increase in claims has come from phishing and ransomware attacks. Not only is the sheer number of these claims on the rise, but so are the associated costs as cyber criminals are continuously increasing their demands. If your organization is Chubb insured with a Cyber Risk Insurance Policy, and has been a victim of a cyber threat or cyber attack, rest assured that the Chubb Cyber Claims Team is here to guide you through the claims process 24/7 — regardless of the type of threat or size of your company.
1Source: Cyber Security Business Report, January 23, 2018
Transactional Insurance Claims
In today's fast-paced business marketplace, corporate mergers and acquisitions and other deals are being closed at lightning speed. But at what cost? Post-closing disputes can arise in a variety of ways and may include anything from tax issues and licensing to disagreements over physical and intellectual property. That's why it's so important to make sure you're insured not just before and during a deal—but also after it. Chubb provides Representations and Warranties Insurance (RWI), Tax Liability Insurance, and other customized risk transfer solutions to help address post-transactional disputes. Should a claim be filed under your Chubb Transactional Insurance policy, you can rest assured that our team will work diligently toward an equitable resolution.
Public D&O Claims
Directors and officers face a higher level of exposure to securities claims than ever before as litigation against public companies continues to rise year over year. In 2018, 8.8% of publicly traded companies were sued for an alleged securities violation, an increase of 3.2% from 2016. For S&P 500 companies, that number was even higher, at 9.4%. In addition, 85% of M&A deals over $100M were challenged with a merger objection lawsuit in 20181. As a public company, your exposure is greater than ever. With Chubb’s extensive expertise in handling (D&O) claims, we can help Chubb D&O insureds navigate the claims process efficiently.
1Source: From Nuisance to Menace - The Rising Tide of Securities Class Action Litigation, June 2019
Fidelity Insurance Claims
In today's technologically advanced world, crime continues to become more sophisticated. This impacts all industries where instances of social engineering, identity theft, hacking and other fraudulent schemes are increasing at an alarming rate. It's no longer acceptable to protect against the happening of these types of crimes. You need to proactively protect your business, your employees and your clients for when these criminals strike. When you have Chubb Financial Fidelity Insurance, you can be rest assured that your claims will be handled in an expeditious and cost-effective manner so as to mitigate the potential financial and reputational risk you may be facing.
Employment Practices Liability (EPL) Claims
Today’s employers face a mine field of local, state and federal statutes and regulations in their management of employees. High profile verdicts and increased public attention driven by social media and national media coverage is resulting in increased employment-related claims against corporations and their management. These claims range from allegations of harassment and discrimination to retaliation and failure to hire. Regardless of whether there is merit to such claims, an Employment Practices Liability (EPL) claim can cost a business three of its most valuable assets; time, money and reputation. When you are protected with Chubb EPL Insurance you can rest assured that in the event you are facing a covered claim, Chubb will work hard to resolve your claim in the most expeditious and cost-effective way possible so as to mitigate potential costs and disruption to your business and staff.