Small Business Enhancements

Nuts & Bolts:
The Chubb Group of Insurance Cos. has a package of eight key coverages tailored to the needs of small businesses with enhancements to its “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 D&O 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 streamlined policy. The coverage sections are: D&O, employment practices, crime, fiduciary, miscellaneous professional, Internet, kidnap/ransom and extortion and workplace violence expense.

Dollars:
Limits up to $5 million. No D&O deductible when the EPL is purchased through Chubb.

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

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

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