According to research jointly developed with Ohio State University's National Center for the Middle Market (NCMM) and Chubb, nearly 50% of manufacturers view risks emanating from advanced manufacturing techniques as extremely challenging. In addition, 71% of manufacturers believe their role in the supply chain has become increasingly important and more collaborative with suppliers. Both of these trends suggest a more holistic approach to risk management is critical for manufacturers.
"CoverPlus℠ is a dynamic platform designed to offer a wide range of specialized insurance products and services beyond traditional general liability insurance to proactively support businesses in the manufacturing sector as they face new exposures within a rapidly changing industry," said Ernie Salas, Senior Vice President, Commercial Insurance, Chubb North America. "Built on more than 50 years of experience and bolstered by insights gleaned from our research with the NCMM, Chubb provides innovative and thoughtful insurance solutions backed by our industry-leading capabilities in underwriting, claims and risk engineering."
CoverPlus℠ was developed in response to evolving needs and emerging risks customers were facing due to common exclusions on general liability policies. The platform helps streamline the insurance buying process by delivering market-leading features, benefits and cutting-edge solutions through a single provider, which helps eliminate the need for producers and insureds to source coverage from multiple carriers and distribution channels.
For more information, visit www.chubb.com/rediscovermanufacturing.