Chubb launches enhanced business package insurance for SMEs in Hong Kong SAR

HONG
KONG, CHINA – Media OutReach – 1 September 2020 – Chubb announced today the launch of Enterprise
Guard Plus with enhanced benefits to its existing business package insurance policy
in Hong Kong SAR. The enhanced product offers greater coverage for the evolving
needs of businesses, in particular for  new exposures due to COVID-19.

With the movement restrictions severely impacting business operations and
the economy, more businesses have shifted their operations online. At the same
time, corporate IT  departments have also
had to focus resources on keeping networks up and running, potentially
impacting their ability to detect malicious activity quickly. In response to
this, the enhanced plan comes with an optional legal liability cover that
protects businesses when handling personal data.

Here are highlights of the new and enhanced
benefits^[1]:

1.      
Newly added material damage cover
includes daily cash benefits, exhibition materials, and accidental glass breakage.

2.     
New for old cover for damaged
contents.

3.      
Double up increased costs of work in
case of business interruption.

4.     
Fraudulent use of company credit card.

5.      
Legal liability extended to cover
bodily injury arising from activities arranged by social and welfare club.

6.     
Optional legal liability cover that protects
businesses when handling  personal data.

Stanley Wong, President of Chubb’s general
insurance business in Hong Kong SAR said, “With the on-going pandemic and
business restrictions in Hong Kong, SMEs are the hardest hit in the economic downturn.
We understand the emerging risks as businesses adapt their operations to the
new normal. With Enterprise Guard Plus, we have tailored coverage to respond to
the evolving risks so that SMEs can sustain their core business with confidence.”

For more information about Chubb’s Enterprise
Guard Plus Insurance, please visit chubb.com/hk-en/business/business-pack-insurance.aspx.

About Chubb

Chubb is the world’s largest publicly
traded property and casualty insurer. With operations in 54 countries and
territories, 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, Paris and other locations, and employs approximately 33,000 people
worldwide.

With both general and life insurance
operations, Chubb has been present in Hong Kong SAR for more than 90 years via
acquisitions by its predecessor companies. Its general insurance operation in
Hong Kong SAR (Chubb Insurance Hong Kong Limited) is a niche and specialist
general insurer offering products such as property, casualty, marine, financial lines
and consumer lines designed for large corporates, midsized commercial &
small business enterprises as well as retail customers. The AA- long term
insurer financial strength and counterparty credit ratings by Standard &
Poor’s are indicative of the company’s strong capitalisation. Over the years,
the company has built strong client relationships by offering responsive
service, developing innovative products and providing market leadership built
on financial strength.

More information can be found at www.chubb.com/hk.