In the end, by streamlining the application process, this should help the insured, as well. This gives us a unique ability to craft insurance solutions that are appropriate for each transaction. The buyer insuring agreement of the policy offers first-party coverage. Once it is determined that there has been a breach of seller s representations or warranties, the buyer simply submits a claim affidavit and estimated loss amount to Chubb Executive Risk. Additionally, under the buyer agreement, coverage for third-party liability of the buyer resulting from a breach of representation or warranty of the seller is clear where other carriers policies are often either vague or silent about these claims.
Premiums are generally two percent to eight percent of the limit purchased.
Chubb Executive Risk, based in Simsbury, Connecticut, is a subsidiary of the Chubb Corporation, headquartered in Warren, New Jersey. Member insurers of the Chubb Group of Insurance Companies form 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. See important notice.