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Chartis Introduces CrimeGuard ChoiceSM
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NEW YORK – November 17, 2010 – Chartis today introduced CrimeGuard ChoiceSM, a state-of-the-art fidelity and crime insurance solution developed by its Executive Liability Division. CrimeGuard Choice responds to the wide-ranging losses a company can suffer due to dishonest acts committed by employees, independent contractors, consultants and others. The policy also addresses the heightened threat of identity theft in today’s society. Key features of CrimeGuard Choice include:

  • A modular format allowing a policyholder to choose only those coverages desired, such as:
    • Coverage for a client’s loss of assets;
      Personal identity event coverage to support employees who are victims of identity theft on or off the job; and
      Corporate Identity Protection (CIP) to mitigate the substantial expenses a company can face when data in its care is breached.
  • A broad definition of employee that includes full-time, part-time and temporary employees, employees on military leave, independent contractors, students, and volunteers;
  • Coverage for losses discovered during the policy period, even if the crime that caused the loss was perpetrated before the policy was in force; and
  • A Fidelity Research and Investigative Settlement Clause (FRISC), which is a unique provision that allows the insured to select an investigative specialist or forensic accountant to determine the facts of the case and quantify the loss.

“CrimeGuard Choice is fidelity and crime insurance that responds to the realities of today's workplace. Its broad coverage extends to losses arising from the many types of people that businesses commonly rely on – from full-time and part-time workers, to independent contractors and consultants – and encompasses the newest exposures, such as identity theft," said Michael Smith, President of Executive Liability.

For more information about CrimeGuard Choice, please send an email to executiveliability@chartisinsurance.com or visit www.chartisinsurance.com.

About Chartis

Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

Marie Ali