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LONDON, July 14, 2016 /PRNewswire/ -- Chubb today announced that it has enhanced MasterPackage for Technology Companies, its comprehensive single contract insurance solution for technology businesses in the UK, as it continues to expand its offering in this key sector of the economy.

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MasterPackage for Technology Companies provides first and third party liability cover for businesses of all sizes with domestic and/or international operations that are active in this sector. The enhanced solution can now provide cover on an Any One Claim basis, with the full liability limits payable for each claim as opposed to being available in aggregate for the entire policy period. Other key benefits include:

• Enhanced cyber covers and capabilities.
• No warranties, no conditions precedent and no basis clause.
• Flexibility to tailor terms and conditions as well as limits to meet specific client needs.
• Insurance Act compliant.

Karen Strong, UK and Ireland Info Tech Manager for Chubb, said:

"With more than 30 years of experience in providing cover for the risks faced by technology companies and a large dedicated team of underwriters and risk engineers, we have a deep understanding of the needs of this crucial and rapidly evolving sector of the economy. As true market leaders in this sector, we continue to expand and evolve the cover we provide to our clients and further invest in the use of technology and online platforms."

About Chubb

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: new.chubb.com.Media