Chubb has announced the launch of its new HealthTech Industry Practice, a comprehensive insurance offering designed to meet the unique needs of companies operating within the health technology sector. This innovative practice brings together Chubb’s seasoned underwriters, risk engineers, and claims specialists, all of whom possess deep industry knowledge, to provide tailored insurance solutions. The HealthTech practice caters to a wide range of companies, from start-ups to established firms, that provide technology for healthcare services, research environments, and related professional services.
Customizable Coverage for HealthTech Companies
The new HealthTech Industry Practice is an extension of Chubb’s extensive experience in serving HealthTech companies through its Life Sciences and Technology industry practices. The practice offers a suite of insurance coverages designed to protect both company assets and third-party liabilities. These include property damage, business interruption, terrorism, employers’ liability, and cyber coverage.
Additionally, it offers liability protection for claims involving bodily injury, products and services, professional indemnity, intellectual property, and corporate reputational injury. All coverages are optional and can be tailored to meet the specific needs of each client, ensuring a bespoke solution that addresses the unique risks faced by HealthTech firms.
Leadership and Digital Accessibility
The HealthTech Industry Practice will be overseen by Louise Joyce, Head of Industry Practices for EMEA, and led by Victoria D’Silva, Life Science Practice Leader for the UK & Ireland, who will head a dedicated underwriting team. Joyce emphasized the practice’s focus on providing flexible, comprehensive coverage quickly and efficiently through Chubb Ignite, the company’s digital platform. This allows brokers to arrange cover for their HealthTech clients online with ease.
D’Silva highlighted the complex nature of HealthTech firms and their exposure to a variety of risks. She assured that the new product integrates a range of first- and third-party covers, providing certainty and comprehensive protection even in claims involving multiple types of injuries and causes.
The HealthTech offering will be part of Chubb’s broader Life Sciences Industry Practice, joining other industry practices in the UK such as Real Estate, Technology and Media, and Climate Tech. Chubb’s global capabilities, local presence, and extensive industry experience underpin its industry practices, ensuring robust and reliable support for HealthTech companies navigating an ever-evolving landscape.
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