SINGAPORE - Media OutReach - 14 July, 2020 - Chubb announced today the launch of Work from Home (WFH) Insurance, amarket-first in Asia Pacific. As a result of theCOVID-19 pandemic, the traditional office environment has increasingly becomethe home, as work from home becomes the new normal. As businesses adapt to living with COVID-19 andbeyond, working from home is expected to remain a part of an employee's work-life.
Chubb's Work from Home Insurance has been tailored to enable employers tocontinue to care for the health, safety and well-being of their employees whilstthey work remotely.
Highlights of this product include[1]:
Mental health paymentfor the psychological counselling of employees diagnosed with stress disorders dueto working from home.
Ergonomic injuryand prevention benefits for postural injuries/strains resulting frominconsistent workstation setups.
Accidental deathand permanent disability payments for slips and falls within the home from hazards such as stairs and unkept toys.
Coverage for employees who take their work outside orare on the move and are injured.
Ben Howell, Deputy Head of Regional Accident & Health at Chubb inAsia Pacific said, "Chubb anticipates that companies will continue toencourage workspace flexibility even as lockdown measures are easing across theregion. Although employees haveadjusted well to being digitally connected from home via videoconferencing andother applications, there are emerging risks as a result of this new workarrangement. It is timely for Chubb to launch our Work from Home Insurance to meet theevolving employee care and benefit needs."
For more information about Chubb's Work from Home Insurance, please visithttps://www.chubb.com/sg-en/business/work-from-home-insurance.aspx
[1] These product highlights are an overviewof the key features of the product. Please see the actual policy for exactterms, conditions and exclusions.
About Chubb
Chubb is the world's largest publiclytraded property and casualty insurance company. With operations in 54 countriesand territories, Chubb provides commercial and personal property and casualtyinsurance, personal accident and supplemental health insurance, reinsurance andlife insurance to a diverse group of clients. As an underwriting company, weassess, assume and manage risk with insight and discipline. We service and payour claims fairly and promptly. The company is also defined by its extensiveproduct and service offerings, broad distribution capabilities, exceptionalfinancial strength and local operations globally. Parent company Chubb Limitedis listed on the New York Stock Exchange (NYSE: CB) and is a component of theS&P 500 index. Chubb maintains executive offices in Zurich, New York,London, Paris and other locations, and employs more than 30,000 peopleworldwide. More information can be found at chubb.com