Chubb to Offer Exec Cover to Larger Private Companies

Larger privately held companies can now purchase ForeFront Portfolio and Power Source, executive protection insurance coverages underwritten by the Chubb Group of Insurance Companies.

Chubb has expanded the account eligibility for these products to include privately held companies with up to $1 billion in revenues and 2,500 employees. Previously, ForeFront Portfolio and Power Source were available to customers with $250 million or less in revenues and fewer than 1,000 employees.

With the expanded eligibility, 99.6 percent of private companies in the United States are eligible for ForeFront Portfolio and Power Source. Introduced in 2001, ForeFront Portfolio addresses many of the most significant coverage needs of privately held companies through one policy.

It is comprised of eight distinct coverage sections: directors and officers liability, employment practices liability, fiduciary liability, miscellaneous professional liability, Internet liability, kidnap/ransom and extortion, crime and workplace violence expense insurance.