Chubb Benchmarq®

An exciting new offering for lower middle market commercial property owners.

Industry-tailored coverage for commercial property owners

Chubb Benchmarq for Real Estate offers ‘big business’ cover, right sized for commercial property owners with revenue or declared values of up to AUD $50 million.

It offers comprehensive and industry specific commercial property and broadform liability coverage for commercial property owners both small and large, providing the financial strength and high-quality claims service of one of the world’s largest property and casualty insurers.

Why Chubb Benchmarq?

It's industry-tailored

Tailored for key industries, including automatic cover for certain risks such as Lease Incentives, Environmental Impairment Liability, as well as Trace and Access costs.

It's easy

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.

It's fast

Provide fast quotes to your lower middle market clients within days via your local Benchmarq underwriting team as dedicated points of contact.

Commercial Property Insurance
Broadform Liability Insurance

Chubbflex

Additional Benefits

Exhibition, fair and tradeshow cover
Loss of metered water
Trace and access costs
Work-from-home equipment
Crisis management and public relations expenses

Public reward offers
Green star certification costs
Illegal dumping
Unauthorised use of electricity, gas or water

Introducing Environmental Impairment Liability

In addition to sudden and accidental pollution events coverage, Chubb Benchmarq for Real Estate provides automatic coverage for gradual pollution conditions under our Environmental Impairment Liability Extension (subject to policy terms, conditions and exclusions).

By providing coverage for both sudden and accidental pollution events and also gradual pollution conditions, Chubb Benchmarq for Real Estate can help close out a potential gap in commercial property owners' liability coverage.

Who We Serve

Chubb insures many types of commercial property owner businesses, including:

Office buildings
Medical facilities
Hotels
Aged care facilities

Shopping centres
Factories & industrial buildings
Commercial unit complexes
Warehouses

Why Chubb?

Benefits of Chubb coverage

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.

Dedicated underwriting teams nationally
Faster turnaround times
Award-winning claims service
Industry specific coverage and benefits
Broad underwriting appetite
Global expertise and financial strength

FAQs

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.

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 have included 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 with 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.