Property and casualty insurer Chubb has introduced a modular insurance policy for privately-owned companies in Canada.
The company is providing ForeFront portfolio to address a wide range of liability risks faced by private firms in the country.
ForeFront Portfolio features coverages, including directors & officers and entity liability for directors, officers and top management for decisions at the board level.
Employment practices liability includes a new Canadian termination provision, which outlines how a loss will be paid for an employment termination in the country.
Fiduciary liability will protect insureds against claims alleging a breach of fiduciary duty or an error or omission in the administration of employee benefit plans.
CyberSecurity provides protection against both direct out-of-pocket losses incurred by the insured and liability resulting from network security intrusions and privacy violations
The portfolio also includes crime product that offers protection against a range of fraud losses, as well as other product that reimburses expenses for kidnap, ransom or extortion payments, including hostage crisis and ransom delivery.
Miscellaneous professional liability, workplace violence expense and employed lawyers liability are other products in the portfolio.
Chubb financial lines Canada senior vice president Cameron Rose said: "We are excited to launch ForeFront portfolio in Canada.
"Chubb's new policy offers a modular and flexible insurance solution that allows private Canadian companies the ability to select from nine coverages with shared or separate limits to build a tailored portfolio of protection to address today's complex risks."
Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance services to its customers.