The Chubb Advantage
Features of the CHUBB/Private Trust Consortium Liability Coverage
- No requirement that services are performed for a fee; trustees are not always compensated, and compensation
- is not required for coverage
- Trustee is the Named Insured
- Definition of Professional Services addresses the exposures unique to trustees
- Final adjudication and non-imputation of the conduct exclusions
- Vicarious liability coverage for the selection of “outside professional services providers”
- Coverage for trustees’ employees in their provision of services for the trust
The Chubb Advantage
Chubb has earned its leadership position in Professional Liability insurance as a result of:
- Financial stability: Chubb receive consistently high ratings for financial strength from A.M. Best, Moody’s and
- Standard & Poor’s, the leading independent analysts for the insurance industry.
- Reputation for paying claims and superior service: Our reputation for expert, fair claims handling is renowned in the industry.
- Broad coverage: Our Professional Liability insurance products, including Chubb Pro ERMSM, offer some of the broadest coverage available in the marketplace.