UCPB GEN’s Special Lines cover risks that are difficult and unusual, requiring specialized expertise and experience in underwriting and rating insurance for a wider range or risks. The coverage is usually customized to suit the unique need of the client so risk evaluation is a must.
Professional Indemnity: Protects companies and individuals from claims made by reason of negligent acts, errors, or omissions in the conduct of profession or business by paying the costs of the defense and settlement of the claim.
Directors and Officers Liability: Designed to protect the personal assets of company executives from claims that may arise from decisions and actions they make within the scope of their regular duties. It also supports good corporate governance by making the risks from the decisions that directors and officers make manageable and transparent.
Trade Credit: Businesses engage credit facilities to trade goods and services. While Trade Credit is a tool for financial growth, it exposes businesses to new forms of risks which may directly affect their financial health. With UCPB GEN Trade Credit Insurance, owners will no longer worry about payment defaults.
Migrant Workers: Provides insurance support to Filipino migrant workers as part of the State’s responsibility to afford and ensure the protection and promotion of the OFW’s fundamental rights and welfare. This is embodied in the Migrant Workers and Overseas Filipinos Act of 1995, as amended by Republic Act of 10022.