Chubb Expands Coverage To Keep Up with Tech Industry.

Chubb Inc. said its new coverage for information-technology companies targets the nuances of the industry. Innovator was created for emerging information-technology companies and offers blanket property limits, errors and omissions and worldwide insurance protection.

The policy application is available online. Brokers and agents also can bind the policy online.

Innovator's automatic blanket limit includes coverage for business property, including computers, loss of income and research and development expenses. Because the information-technology industry is a heavy user of leased equipment and vendors, Chubb extended the policy's standard liability coverage to these segments. "This addresses operational issues also unique to the information-technology industry, allowing companies to have coverage without notifying us each time a change occurs," said Tim Ehrhart, assistant vice president and Innovator product manager.

Information-technology companies experience a lot of growth, so Chubb offers the Growth Guard option, which automatically increases property and business income limits up to 100% over the course of the policy year.