An exciting new offering for lower middle market Manufacturing clients
Chubb Benchmarq offers ‘big business’ cover, right sized for manufacturing clients with revenue or declared values of up to AUD $50 million.
It offers comprehensive and industry specific commercial property and broadform liability coverage for manufacturing companies both small and large, providing the financial strength and high-quality claims service of one of the world’s largest property and casualty insurers.
Tailored for key industries, including automatic cover for certain risks such as seasonal stock increases. Plus cover options available for machinery breakdown and E&O coverage.
Designed to be the right coverage for your client. It’s all taken care of in the policy wording, making insurance simpler for you and your clients.
Provide fast quotes to your lower middle market clients within days via your dedicated Benchmarq underwriting team as a single point of contact.
Here are some key advantages of choosing Chubb:
Global reputation
As a world leader in insurance, Chubb brings unmatched expertise and financial strength to provide comprehensive coverage.
Faster turnaround times
Award-winning claims service
Industry specific covers and benefits
Broad underwriting appetite
Global expertise and financial strength
Chubb Benchmarq is the new product offering for the lower middle market segment. Chubb Benchmarq offers commercial property and broadform liability insurance products specifically designed to cater for businesses with revenue or declared values of up to AUD $50 million. The Chubb Benchmarq offering will provide brokers and clients with updated policy wordings, industry specific enhanced coverages and the ability to tailor the coverage to suit their needs.
The Chubb Benchmarq policy wordings will be available to manufacturing businesses that fall within the lower middle market segment. The key criteria can be found on the full FAQs.
Absolutely! Chubb Benchmarq offers a suite of products and additional product offerings intended to give you and your clients more choice. We will continue to offer the existing commercial property and broadform liability products, and this means we are able to continue to provide insurance cover that suits your clients' needs, both now and into the future.
We believe Chubb Benchmarq products will set a new standard for property and liability policies in the lower middle market segment. We have enhanced the base cover for Chubb Benchmarq commercial property insurance wordings, when compared with other market standard wordings and they include two additional benefits sections - Chubbflex and industry benefits.
Chubb Benchmarq broadform liability insurance wordings have a range of automatic covers for Insureds. In conjunction with our broad appetite and ability to tailor cover to suit additional coverages like product recall expenses, errors and omissions and statutory liability extensions, we believe the Chubb Benchmarq broadform liability wordings are market-leading solutions.
We prefer to write both broadform liability and commercial property together if possible and we will always endeavour to provide you with a whole of account solution. However, we do understand that sometimes this will not be achievable. In these instances, broadform liability products and the commercial property products can be transacted separately.
The Chubb Benchmarq wordings will be available for eligible accounts at renewal. Simply request an option from your Chubb underwriter and they can facilitate the transfer on to the new Chubb Benchmarq policy wordings. Lower middle market broadform liability accounts currently on the ‘Chubb Manufacturers Broadform Liability Insurance’ wording and renewing from 1 August 2024 onwards will be automatically transferred onto the new ‘Chubb Benchmarq Broadform Liability Insurance for Manufacturing’ wording.
Ready to experience Chubb's unparalleled comprehensive insurance solutions?
Speak to a broker today.
