Business Moves

Chubb Launches North America Small Commercial Insurance Division

Chubb announced the launch of its Small Commercial Insurance division for North America.

The division brings together a team of product and service professionals to provide a broad range of management and professional liability and standard insurance coverages for small businesses with annual revenues up to $10 million. Chubb Small Commercial Insurance, which already has a robust offering of financial lines solutions, will release innovative insurance products, including an enhanced business owner policy (BOP) and supporting umbrella in the U.S. later in 2016, to serve independent agents and brokers and their small business clients.

As previously announced, Jim Williamson is president of the new division and will report to Paul J. Krump, president, North American Commercial and Personal Lines. Prior to ACE’s acquisition of Chubb in January 2016, Williamson was division president of ACE Private Risk Services.

The following division leaders will report to Williamson:

ISO Annouces Drone Insurance Coverage Options for Commercial Inland Marine Market

ISO has released new inland marine insurance forms to help protect businesses from the costs of drone crashes, including damage to the drones, equipment and cargo.

The new ISO forms provide insurers with underwriting tools to address commercial drones, which have developed a wide range of potential and reported uses, including package delivery, crop protection and aerial photography. The new coverage options allow for drones to be covered under a stand-alone coverage form or by endorsement to some ISO commercial inland marine classes.

In addition, ISO has introduced a comprehensive advisory application, sample instructions that provide details on some coverage features of the new ISO forms, general underwriting considerations to help evaluate related property drone risks and loss control recommendations to aid in the mitigation of potential exposures.

These options come less than a year after ISO’s commercial drone liability coverage and exclusion options took effect in most ISO jurisdictions for ISO’s Commercial General Liability and Commercial Liability Umbrella/Excess programs.Options are available to address a number of potential exposures with respect to bodily injury, property damage and other potential liability related to drones.

To learn more about ISO’s drone insurance options, visit