June 2, 2016 by Canadian Underwriter
Chubb announced on Thursday that it has added cyberbullying coverage to its Canadian Masterpiece Family Protection policy to help cover clients and their families from the expenses associated with such an incident.
Paul Johnstone, senior vice president of Chubb Personal Risk Services Canada, noted in a statement that technology is an integral part of many people’s daily lives, connecting them and facilitating communication. “But technology can also be a gateway to risk,” Johnstone said in a press release. “Cyberbullying, including online threats and harassment, can create reputational damage and cause financial loss and emotional harm. Chubb’s new cyberbullying coverage can help protect the people who are most important to you.”
The coverage provides up to $60,000 in compensation to clients and family members for expenses related to harassment and intimidation committed via personal computers, telephones or mobile devices, Chubb explained in the release.
Clients may recover costs incurred when cyberbullying results in wrongful termination, false arrest, wrongful discipline in an educational institution, or diagnosed debilitating shock, mental anguish or mental injury leading to the inability of the client or a family member to attend school or work for more than a week. The coverage also provides compensation for psychiatric services, rest and recuperation expenses, lost salary, temporary relocation services, education expenses, professional public relations services and cybersecurity consultants.
Cyberbullying coverage is available to all Canadian Masterpiece homeowners customers who purchase a Family Protection policy. Chubb’s Masterpiece Family Protection policy includes an array of coverages to help families recover and protect themselves from perils, including stalking threats, carjacking, home invasion, air rage, hijacking and child abduction.
Chubb is the world’s largest publicly traded property and casualty insurance company, with operations in 54 countries. The insurer provides commercial and personal P&C insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients.
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