SINGAPORE – Media OutReach – 14 July, 2020 – Chubb announced today the launch of Work from Home (WFH) Insurance, a market-first in Asia Pacific. As a result of the COVID-19 pandemic, the traditional office environment has increasingly become the home, as work from home becomes the new normal. As businesses adapt to living with COVID-19 and beyond, 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 to continue to care for the health, safety and well-being of their employees whilst they work remotely.
Highlights of this product include[1]:
- Mental health payment for the psychological counselling of employees diagnosed with stress disorders due to working from home.
- Ergonomic injury and prevention benefits for postural injuries/strains resulting from inconsistent workstation setups.
- Accidental death and 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 or are on the move and are injured.
Ben Howell, Deputy Head of Regional Accident & Health at Chubb in Asia Pacific said, “Chubb anticipates that companies will continue to encourage workspace flexibility even as lockdown measures are easing across the region. Although employees have adjusted well to being digitally connected from home via videoconferencing and other applications, there are emerging risks as a result of this new work arrangement. It is timely for Chubb to launch our Work from Home Insurance to meet the evolving employee care and benefit needs.”
For more information about Chubb’s Work from Home Insurance, please visit https://www.chubb.com/sg-en/business/work-from-home-insurance.aspx
About Chubb
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly.
The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs more than 30,000 people worldwide. More information can be found at chubb.com
