- August 25, 2016
- Posted by: opusadmin
- Category: News & Events
August 25, 2016 — Innovative Coverage Concepts is excited to announce after a long and mutually beneficial relationship with Nova Casualty we have decided to transition our restaurant program from Nova to Chubb, one of the most respected insurance carriers in the industry. This changeover affects all policies expiring November 1 or thereafter. Accordingly, insureds with ICC/Nova will receive non-renewal notices directly from the carrier 60 to 90 days before expiration, and our broker partners and ICC/Nova insureds will receive reminders from us.
Renewal pricing will be comparable, subject, of course, to any adverse loss development. Chubb’s coverage will be similar with some enhancements, including coverage for Funds Transfer Fraud and Leasehold Interest protection. Additionally, employees’ reported tips will now be included coverage under Business Income. Chubb’s outstanding approach to claims management is well-known throughout the industry.
For questions, please contact Robert Crowell, at Robertc@innocov.com or 1-877-615-5488 ext. 242. We look forward to this change which will serve to enhance our broker partners’ relationships with us and with their insureds.