Small Business Enhancements

Nuts & Bolts:
The Chubb Group of Insurance Cos. is now offering a package of eight key coverages tailored to the needs of small businesses with enhancements to Chubb’s “ForeFront Portfolio.” The changes include a lower minimum employment practices deductible for eligible private companies; an employment practices (EPLI) deductible available as low as $2,000 for some customers; no directors and officers liability deductibles for eligible customers who purchase an EPLI; the option to purchase an additional $1 million in defense cost for each liability coverage purchased; and a policy application that has been streamlined to make it easier for smaller private companies to apply. Its eight distinct coverage sections are: D&O, employment practices, crime, fiduciary, miscellaneous professional, Internet, kidnap/ransom and extortion and workplace violence expense.

Dollars:
Limits are up to $5 million. No D&O deductible when the EPL is purchased through Chubb. An EPL deductible is now available as low as $2,000 for some ForeFront or PowerSource insureds.

Carrier:
Federal Insurance Co. and Executive Risk Indemnity Inc., both rated “A++” by A.M. Best, admitted.

States Available:
All states except California, New York and West Virginia, where not all enhancements may be available.

Contact:
Lisa McGee, (908) 903-3301 or lmcgee@chubb.com.