The Art of Risk Management. Accident & Health

Transcription

1 The Art of Risk Management Accident & Health

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3 WHAT IS CHUBB ACCIDENT & HEALTH? For more than 50 years, Chubb Accident & Health (A&H) has consistently and reliably helped protect large and small businesses, professional practices, schools and colleges, financial institutions, membership associations, and civic, church and non-profit organizations. Experience, integrity, knowledge and a wealth of expertise are just some of the advantages that we offer. Through our products and services, we have demonstrated an exceptional ability for flexible, fast and creative collaboration with policyholders. Chubb A&H offers insurance solutions to our clients and their employees, members and customers should they be involved in an accident or business travel-related emergency. ACCIDENT & HEALTH PRODUCTS Chubb A&H supports a wide range of markets across three broad categories: Employee Benefits, Special Risk, and Consumer Solutions/Affinity Markets.

4 EMPLOYEE BENEFITS Chubb Employee Benefits products cover employees for accidental death and injury. Unexpected accidents, volatile environments, and terrorism can increase the need for additional employee coverage. Chubb Accident & Health solutions can help employers fill coverage gaps, at home and abroad, by combining multiple components into one cost-efficient policy. Chubb BTA 360ºSM (Business Travel Accident); Basic and Voluntary Accidental Death & Dismemberment (AD&D) Chubb BTA 360 SM insurance commonly provides: Medical Evacuation and Repatriation Political Evacuation Travel Assistance Services Out-of-Country Medical Expense War Risk Coverage Identity Theft Services Basic and Voluntary Accidental Death & Dismemberment (AD&D) commonly provides: Education Expense Home Alteration or Vehicle Modification Child Care Expense Spouse or Domestic Partner Employment Training Expense Key Markets Include: Engineering Companies, Financial Institutions, Hospitals, Law Firms, Life Sciences Companies, Manufacturing Companies, Technology Companies, Universities, Utility Companies CHUBB S GROUP EMPLOYEE BENEFITS A&H PROGRAMS: help address employer s duty of care obligation, that is, the responsibility of the employer to adequately protect employees. are flexible, allowing employers to configure custom-tailored policies to meet specific needs of their employee base or type of industry. help mitigate the company s financial risk in the event of an accident-related law suit. help enhance the company s brand so they can recruit, retain and reward superior talent. often provide higher benefit limits than typically found in Group Life or Workers Compensation plans.

5 SPECIAL RISK Chubb Special Risk programs provide valuable benefits for organizations that conduct activities and events involving non-employee participants. Chubb offers insurance that provides coverage to both the organization and their participants in the activities or events they sponsor. Participant Accident Insurance/Special Risk Chubb s participant accident insurance can help close the gap by combining the following benefits into a single cost-effective policy: Accidental Death & Dismemberment (AD&D) insurance pays a lump sum for accidental loss of life, limb, sight, speech or hearing. Accidental Medical Expense (AME) insurance helps pay the cost of treating an accidental injury. Coverage is provided on a blanket basis. Participant Accident commonly provides the following benefits: Accidental Death & Dismemberment Paralysis Temporary Total Disability Accidental Medical Expense Evacuation/Repatriation Key Markets Include: Day Care Centers, K-12 Schools, Motorsports, Church Organizations, National Governing Bodies, Not for Profit Organizations, Sports Organizations or Associations, Municipalities. CHUBB S SPECIAL RISK A&H PROGRAMS: help address organization's duty of care obligation, that is, the responsibility of the organization to adequately protect their members and/or volunteers. provide valuable coverage by combining multiple benefits into one single cost-effective participant accident policy. complement existing General Liability policies by offering higher limits, and offer flexible design for customization. help mitigate the company s financial risk in the event of an accident-related claim. encourages membership and participation by providing accident insurance protection during covered activities.

6 CONSUMER SOLUTIONS / AFFINITY MARKETS Chubb Consumer Solutions/Affinity Markets accident products deliver value at affordable rates to members of associations, affinity groups and financial institutions. These products can enhance the relationship between an organization and its membership, generate ancillary revenue, or create differentiation from the competition. Blanket coverages that are either embedded as value added enhancements or voluntary coverages that are direct marketed. Chubb s policies are configured to address the specific needs of our client s members and fill gaps in traditional coverages. Consumer Solutions/Affinity Markets commonly provides the following key benefits: Accidental Death & Dismemberment Hospital Cash Rented Auto Damage or Loss Baggage Delay Accidental Medical Expense Accident Disability Buyers Protection Identity Theft Trip Delay, Interruption or Cancellation Consumer Solutions/Affinity Markets targets two key types of policyholders: Financial Institutions: Issuers of Credit, Debit and Prepaid Cards Financial Organizations and Brokers Membership Associations: National/Regional Banks and Credit Unions Loyalty Programs Professional Associations Fraternal Organizations Affinity-Based Associations CHUBB S CONSUMER SOLUTIONS/AFFINITY MARKETS A&H PROGRAMS: deliver valuable benefits at affordable rates to members of associations, affinity groups and financial institutions. drive credit card utilization for financial institutions. attract and retain members of associations. can generate ancillary revenue. differentiate policy holder from competition. provide policy holders with end-to-end distribution and administrative support including product development, marketing, marketing financing, policy administration, and customer service.

7 WHY CHUBB A&H? Chubb A&H programs help complete risk management plans. If a company or organization goes without insurance protection, the potential liability could result in law suits, high fines and damage its brand reputation. That s not something anyone likes to think about but it s a risk manager s and / or executive s job to protect their employees or members and their company or organization. Chubb A&H provides peace of mind and helps fulfill duty of care the moral and ethical obligation of employers / organizations to provide protection if environments become unsafe for their employees / participants, at home or abroad. Chubb A&H products also align well with other insurance such as Workers Compensation or General Liability. A&H is the perf ect complement to help ensure total coverage and enhance and strengthen existing risk management efforts. Chubb A&H Consumer Solutions/Affinity Markets products help enhance the relationship between an organization and its membership. Our products deliver valuable insurance protection which can ultimately increase loyalty to a brand or organization, and expands the value of an association s membership offering. Our Consumer Solutions / Affinity Markets coverage is also an incentive to encourage customers to use a financial institution s products and services. THE A&H ADVANTAGE At Chubb, we provide our clients and their employees / members with effective, flexible and affordable A&H solutions. Our products are backed by Chubb s long-standing strength and integrity in the marketplace, and fast, flexible plan design, binding and claims adjudication processes. The more you know about Chubb A&H, the easier it is to see the difference.

8 LEARN MORE For more information, call your local sales representative at or Online training modules are available to you on Chubb Group of Insurance Companies Warren, New Jersey Chubb refers to the insurers of the Chubb Group of Insurance Companies. The coverages described in this literature are not available in all jurisdictions. This literature is descriptive only. Actual coverage is subject to the language of the policies as issued. Exclusions Apply. Chubb, P.O. Box 1600, Whitehouse Station, N.J Form (Ed.6/12)