Chubb’s DigiTech® ERM policy incorporates insight gained from our 30+ years of experience underwriting technology-driven exposures. Providing a distinctive level of technology and cyber protection that only Chubb can offer, DigiTech® ERM combines market-leading cyber insurance with extensive loss mitigation and incident response services — giving you a comprehensive enterprise risk management solution to address your organization’s cyber risks.
Coverage Highlights
Competitive Advantages
- Leading provider of technology and cyber risk solutions since first product was launched 30+ years ago
- Coverage incorporates insight gained from years of claims and underwriting experience
- Supported by Chubb’s extensive loss mitigation and incident response services
- Extensive claims experience – helped notify more than 300 million individuals of a privacy breach
- Highly customizable solutions to address clients' unique needs, regardless of size or type of risk
- Cybercrime coverage is available by endorsement or under separate cover from Chubb’s industry-leading
Fidelity and Crime products
- Covers Cyber Incident Response Expenses, with expansive consumer-based solutions that are ahead of regulatory requirements
- No minimum premiums; premiums scale for all risk sizes based on scope of coverage and limits
- Most risk classes eligible for at least $10 million in limits; maximum capacity of $100 million available through Chubb’s Global Cyber Facility
- Backed by the financial strength of Chubb’s A++ balance sheet
Key Features
- Broadened definition of Technology Incident
- Coverage available for Software Copyright Infringement and Product Recall Loss of Use
- No exclusions for Delays or Failure to Deliver
- Industry-leading coverage designed to address evolving regulatory, legal and cybersecurity standards and built to consider future changes
- Easy-to-read form:
- Structure aligned with the flow of a typical incident
- Presentation of Cyber Incident Response Expenses aligned with the typical flow of decision-making throughout an incident
- Clearly labeled exclusions with competitive carve-backs
- Payment Card Loss coverage built into the base form
- Discovery-based coverage at a Control Group level
- Includes enhanced Business Interruption and Extra Expense language
- Broadened definition of Protected Information includes biometrics, internet browsing history and personally identifiable photos and videos
- Extortion Expenses explicitly include Bitcoin and other cryptocurrencies
- Coverage Territory applicable to anywhere in the universe to address continued evolution of hosting and data storage
Target Client
- General technology services
- Consultants/integrators of hardware, software and systems architecture
- Application service providers
- Data processors
- Software developers
