Professional & Management Liability
Property & Casualty
Accident & Health
Loss Control Services
Automatic Blanket Limit
The Customarq Classic property policy offers a $500,000 automatic blanket limit of insurance for selected property exposures, allowing insurance dollars to be used where they are needed most following a loss. Subject to underwriting, the blanket limit can be increased to $1 million or $2 million. Smaller businesses that do not need these higher limits can opt for a $250,000 blanket limit. Twelve property coverages are included:
Broad “All-Risk” Perils
The Customarq Classic property policy includes broad “all-risk” property and income perils. Some highlights are:
Automatic limits are offered for many property exposures, and additional limits may be purchased. Some of these coverages include:
Not all insurance carriers approach property valuation in the same way. With Customarq Classic, valuation includes:
Business income insurance automatically includes an unlimited period of indemnity, so protection extends for as long as it takes to restore the business to the level that would have existed had no loss occurred. Additional features include:
An online Business Income/Extra Expense calculator is available to help clients estimate the appropriate limits of BI/EE insurance.
Impairment of Computer Services
Impairment of Computer Services and Malicious Programming addresses the emerging first-party exposures presented by the Internet and companies' increasing reliance on electronic information in business activities.
With Customarq Classic's global extension a company's overseas operations receive the same quality protection provided for domestic property. Chubb can also write primary insurance in most countries either through our own Chubb companies or correspondents overseas. When the Customarq global extension is purchased, we will pay for losses in foreign jurisdictions in the currency requested.
When does a company need Chubb’s Customarq property policy? Consider the following scenarios:
The refrigeration system in a pharmaceutical company's research department experiences electrical failure due to a power surge. Specimen samples that took weeks to develop are completely ruined. The $100,000 loss is paid under Customarq's broad all-risk property/income perils insurance.
A wholesaler's key supplier has a fire at its facility. As a result, the supplier is unable to ship needed products and the wholesaler loses key customers. Customarq's dependent business premises insurance helps protect the wholesaler from the resulting business income loss and extra expense it incurs.
At Chubb, we deliver more than solid insurance products. We support our customers through our renowned services, extensive global network and financial strength.
Chubb's reputation for outstanding service is built on a consistent track record of performance by its global network of loss control and claim professionals. Our loss control and risk consulting professionals are experienced in making risk assessments and proposing practical remediation to help mitigate or prevent losses. They are knowledgeable in fire prevention and disaster recovery planning. Should a loss occur, our exceptional claim service is available anytime/anywhere in more than 140 languages through a toll-free number or via the Internet.
Our financial strength continues to earn high ratings from A.M. Best, Standard & Poor’s and Moody’s, leading evaluators of insurance companies. Financial strength, combined with our underwriting expertise and claim service, means you can count on Chubb to be there when you need us most.
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