The Chubb Group of Insurance Companies has introduced new blended insurance product, Chubb Professional Portfolio, to help companies reduce potential coverage gaps and streamline claims handling.
The new product is designed to protect professional services firms, media organizations and technology from errors and omissions (E&O), media liability and cyber exposures.
It allows the user to customize their insurance protection through selecting one or more coverage parts.
Chubb senior vice president and global E&O manager Catherine Padalino said: "As new technologies and growth opportunities prompt companies to expand their product and service offerings beyond traditional areas, they are facing converging liability exposures.
"These organizations are exposed to media, cyber, and errors and omissions liability."
Chubb Professional Portfolio offers miscellaneous professional and technology services E&O liability insurance for professional service firms, technology products and services E&O liability insurance for information and network technology companies.
MediaGuard liability insurance to the firms that produce, promote or publish media, advertising or other content, and cyberSecurity insurance for firms that collect, store or transmit private or proprietary information are also offered.
"In addition to purchasing insurance, companies can take various steps to mitigate their vulnerability to these exposures and their serious financial consequences," Padalino added.