Expectations Are High For Chubb's New Small Commercial Product
Chubb is a new player in the small commercial arena, but we expect great things. Chubb plans to leverage its “superior underwriting expertise and world renowned claims, account services, and financial strength to offer solutions for small businesses with up to $10M in revenue.”
With so many options out there, how is Chubb's BOP product different? First off, Chubb’s distinguished commercial package, Customarq, is the foundation on which their small commercial product is built. So smaller operations can now benefit from the type of coverage previously reserved for larger companies. Also, Chubb small commercial clients can avail themselves of Chubb’s expertise in areas such as management & professional liability and cyber, among others.
Chubb BOP – Target Business
Chubb’s BOP is tailored for companies with revenue under $10M. Their broad appetite includes the following classes of business.
- Clubs and associations
- Cultural institutions
- Financial services
- Real estate
- Retail stores
- Service businesses
- Wholesale businesses
Should your client grow beyond the maximum $10M revenue threshold, you can rest assured that Chubb will be able to offer protection through their standard commercial division for which they have received worldwide recognition.
Let us know if you have any questions about the product. Call 212-962-6555 and ask to speak with a commercial underwriter. You can email email@example.com with questions or to submit an account for review. Expect quick turnaround for qualifying risks.