There are many reasons why you should be thinking about Forefront — Chubb’s leading management liability insurance solution. Chubb has developed a Management Liability solution to offer broad coverage for SME clients.
Did you know:
- There has been a 39% increase in management liability type claims over the past 12 months?1
- In excess of 30% of companies with employees between 1 and 500 experienced a fraud against their company in 2012?2
- In 2011-2012 in excess of 10,000 external administrators were appointed to businesses There were 8,500 instances of unpaid taxes and charges reported.3
- In 2012, coinciding with the introduction of the Work Health and Safety Legislation, Occupational Work Health and Safety related Claim notifications increased by 71%?4
Now is the time for you to consider Chubb’s recently enhanced ForeFront coverage if you have not done so already. Chubb’s 2013 ForeFront Portfolio product has been specifically enhanced to address the most recent needs of private companies and their leadership teams and to help them face the serious exposures emerging for private companies in Australia.
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Source
1,4 Chubb Insurance Company of Australia Limited, Claims Trends 2011-2012
2 KPMG A Survey of Fraud, Bribery and Corruption In Australia and New Zealand 2012
3 Australian Insolvency Statistics (Table 3.1.2.1) www.asic.gov.au/
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