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Home > Property Insurance Coverage > Home Owners Insurance > Chubb Executive Risk
Chubb Executive Risk
Chubb Executive Risk, a subsidiary of Chubb Group of Insurance Companies, is a leading provider of executive protection and professional liability insurance. Headquartered in Simsbury, Connecticut, with offices around the world, the firm offers directors and officers liability insurance, errors and omissions professional liability insurance, employment practices liability insurance, crime insurance, fiduciary liability insurance and other specialty coverages.
They provide products and risk management or loss control services to a wide variety of industries, including law firms, accounting firms, health care organizations, private companies, public companies and nonprofit organizations. The firm unveiled new regulatory liability insurance for health care organizations that covers up to 1 million dollars of civil and criminal defense expenses as well as settlement costs for alleged fraud and abuse violations.
The regulatory wrongful acts coverage is designed to respond to today's top financial exposure for most health care organizations with government anti-fraud and anti-abuse enforcement. The coverage can be endorsed onto their directors and officers liability insurance policy for health care organizations.
Combating health care fraud and abuse is the federal government's number two priorities, right behind fighting violent crime, is the principle of product manager for CBER's Health Care Group. The U.S. Justice department is moving aggressively to identify and root out fraud and abuse relating to the Medicare, Medicaid, Federal Employee Health Benefit, or TriCare programs. It is well resourced, and it means business.
The firm, based in Simsbury, Conn., is a subsidiary of The Chubb Corporation; of Warren, N.J. Chubb Executive Risk offers a wide array of executive protection insurance including directors and officer’s liability, professional liability or errors and omissions,0 and employment practices liability policies.
As a member of the Chubb Group of Insurance Companies, the firm is part of a multi-billion dollar organization providing property and casualty insurance for personal and commercial customers worldwide through 5,000 independent agents and brokers. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia, and Australia.
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