Property and casualty insurer Chubb has enhanced its single contract insurance solution for technology companies in the UK and Ireland.

The new MasterPackage for Technology Companies offers first and third party liability cover for businesses of all sizes with domestic and international operations.

Chubb’s enhanced solution offers cover on an Any One Claim basis, with the full liability limits payable for each claim as contradicted to being available in aggregate for the entire policy period.

Other features of the new solution include enhanced cyber covers and capabilities, as well as flexible tailor terms, conditions and limits to meet specific client needs.

Chubb UK and Ireland info tech manager Karen Strong 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."

In June, the firm also launched MasterPackage solution, comprehensive single property and liability package insurance policy for middle market businesses in the UK and Ireland.

It is designed to meet the needs of UKI business with domestic and international operations and a turnover of £2m-500m.

With operations in about 54 countries, Chubb offers commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance services to its customers.

Image: Chubb has launched new single contract insurance solution for technology companies of all sizes. Photo: courtesy of Stuart Miles /