|Chartis Introduces CrisisResponse®XS|
NEW YORK – April 21, 2010 – Chartis today announced the introduction of CrisisResponse®XS, coverage that allows companies to act swiftly to mitigate losses and prevent reputational damage in the event of a crisis management event. Developed by Chartis’ Cat Excess Liability Division, CrisisResponseXS is provided to clients whenever CrisisResponse® is included in the lead umbrella policy issued by a Chartis insurer. Crisis ResponseXS provides immediate access to funds to expedite recovery in the event of a potentially catastrophic casualty loss.
CrisisResponseXS provides up to $250,000 in additional limits outside of the policy limits and in excess of the CrisisResponse limits provided in the lead umbrella. It can help pay crisis management costs that would be covered under the lead umbrella and may include temporary living, travel, psychological counseling, medical and funeral expenses. Insureds also receive access to a 24-hour, toll-free crisis hotline.
“When a crisis strikes, CrisisResponseXS provides insureds immediate access to funds and the professional support needed to expedite recovery in the event of a potentially catastrophic casualty loss,” said Jeremy Johnson, President of Cat Excess Liability.
A product recall enhancement is also available that expands coverage to include expenses incurred by the recall, inspection or disposal of a product that results in a crisis management event.
For more information regarding CrisisResponseXS, please contact Charles Abruzzo, Executive Vice President of Cat Excess Liability, at 212-458-3859 or email@example.com. You can also visit www.chartisinsurance.com.
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.