Chubb Limited has launched The ForeFront PortfolioSM, the latest evolution of its suite of management liability offerings, specifically designed to address the needs of private, not-for-profit, and healthcare organizations. Chubb's new product offers organizations the flexibility to decide which management liability coverages best suit their risk management program. According to Chubb's claims data, costs to defend and settle directors' and officers' claims increased by 90% on a constant dollar-basis over the past decade.

Employers also face potential litigation from employee-related claims such as harassment, wrongful termination, discrimination, or retaliation. Additionally, fraud and embezzlement occur even in the best work environments and the associated losses, often committed over a long period of time, can be meaningful. The ForeFront Portfolio policies include clear coverage terms, relevant risk management solutions, and consistency of coverage to private, not-for-profit, and healthcare policyholders.

The suite of products address a range of risks, including: Directors & Officers and Entity Liability – coverage to help protect the financial assets of an organization and the personal assets of directors & officers against lawsuits from third parties. Employment Practices Liability – coverage for employment-related and third-party claims brought by or against past, present, and prospective employees and independent contractors. FiduciaryLiability – coverage for third-party allegations regarding the mismanagement of an employee benefit plan and/or plan assets.

Crime – coverage for loss of money, securities, and property resulting from threats such as embezzlement, fraudulent electronic funds transfer, forgery, robbery, safe burglary, and credit card forgery. Kidnap, Ransom & Extortion – coverage to protect an organization against a wide range of expenses associated with incidents of kidnapping and extortion, including the cost of optional crisis management expenses. Workplace Violence Expense – coverage for expenses arising from post-incident crisis management services, including consulting and mental health specialists.

Employed LawyersLiability – coverage for in-house attorneys from liability arising out of allegations of malpractice and errors and omissions while acting as corporate counsel.