Putting the Brakes on Liability: Chubb Advisory Places Road Safety on the Corporate Priority List

By a News Reporter-Staff News Editor at Insurance Weekly News -- Chubb released an in-depth report examining new and longstanding risk exposures facing companies that use vehicles in their business operations.

http://photos.prnewswire.com/prnvar/20160121/324916LOGO

"Keeping Pace with Auto Risks: Overlooked Risks May Lead to Large Losses" provides tactical tips to help firms reduce their auto-related exposures. Part of a series of insurance and risk management perspectives, the new advisory was co-authored by Nicholas J. Davis, Vice President, and Stephanie McMullen, Assistant Vice President, Chubb Excess Casualty - Major Accounts.

"Unfortunately, roads can be a very dangerous place, and even at the most safety-conscious companies, accidents can still happen. In addition to the potential loss of lives, a loss involving a company-owned or hired vehicle could result in multi-million dollar lawsuit," said Mr. Davis. "Regardless of an organization's size, it is vital that it stresses the importance safe driving practices at all times--whether on or off the company clock. By implementing accident protocols and ensuring a proactive approach to auto safety, companies can help reduce the potential for accidents. And by working closely with an agent or broker and insurer, they can secure the appropriate level of liability insurance protection."

Keywords for this news article include: Chubb, Insurance, Legal Issues.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2016, NewsRx LLC