Get tailored insurance coverage for your retail and consumer services business
Retailers are a critical part of our consumer economy, with over a million outlets and combined annual revenue of almost $7 trillion in the United States. Competition continuously grows, cybersecurity threats loom, and supply chain issues quickly emerge. Chubb understands that risk management is critical to maintaining profits and staying competitive. Chubb has deep knowledge and expertise in the retail business space and stands ready to assist you with proven risk management solutions.
In addition to coverage for large, multinational companies, Chubb covers small and midsize businesses with three package policy options — Business Owners Policy (BOP), Benchmarq, and Customarq. Each combines property, business income, and general liability insurance, and can be tailored for your specific exposures.
Protect your small business with this customizable insurance package policy. It offers a combination of property, business income, crime, employment practices liability, cyber, and general liability coverages, as well as the ability to add supporting insurance solutions specifically tailored to your small business needs.
Designed to be scalable for small to midsize businesses, Benchmarq is a flexible, customizable package including property, business income, and general liability insurance. Featuring enhanced base coverages that are broader than the industry standard, Benchmarq makes it easy to add protections as your business grows or risks evolve.
Our proprietary package product offers midsize businesses property, business income, and general liability insurance with a wealth of options to suit your needs. Customarq’s modular approach provides unmatched flexibility to protect against global exposures and industry-specific perils, and to quickly respond to emerging and evolving risks.
Companies of all sizes can get customized coverage with features like proactive managed care to speed return-to-work timeframes, fraud detection and management, and litigation and recovery management.
U.S.-based companies with global operations want their insurance programs to be consistent across their sites and operations. Chubb’s tailored multinational coverage can help smooth that process.
Our cyber enterprise risk management insurance covers business interruption loss due to a network failure or attack, as well as investigation costs, legal costs, and other expenses.
In an increasingly litigious business landscape, safeguard the personal assets of your directors & officers as well as your balance sheet from legal costs and liability damages arising from D&O duties.
Our robust, feature-rich policies offer insurance protection on an excess or umbrella basis over and above your underlying policy limits and coverage otpions for your organization’s unique exposures.
A high-end clothing boutique suffered extensive smoke damage to stock due to a fire in a neighboring building. The customer was concerned about protecting its brand and the implications of salvaging any stock.
Claims worked closely with the client to ensure the stock was managed appropriately and quickly get the store open.
ADDITIONAL SERVICES
Chubb Risk Engineering for retail businesses
Increasing globalization, new business models, changing technology, an evolving risk management approach — as you face these challenges, Chubb can craft risk engineering solutions to address your specific risks. Our in-house network of more than 400 risk engineers around the globe helps companies anticipate and minimize costly exposures.
Burst pipes, roof leaks, overflowing toilets, and leaking appliances can cause significant damage, with losses ranging from thousands into millions of dollars. Chubb can help risk engineers and commercial property managers deploy IoT technology to monitor and identify threats before damage occurs.
Risk management produces to respond to the complex insurance needs of the retail industry
Whether your business takes you around the world or just around the town, Chubb is there for you. Our breadth of experience lets us provide the insurance solutions you need, whenever you need it, whatever you may be.
Partnership that’s personal
We work to understand your business and where you’re headed so we can be proactive about meeting your needs. Whether your business is big or small, we invest in getting to know you, your team, and your customers. The goal: to help you see ahead, be ahead, and stay ahead.
Creative problem-solving
Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always striving to help clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to helping solve your risk challenges.
Unmatched expertise and financial strength
Chubb has served clients and partnered with leading organizations for more than 200 years. Our longevity, expertise, and financial strength are the bedrock of our business. That’s why 95% of Fortune 1000 companies are Chubb insured.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by ACE American Insurance Company and its U.S.- based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance sold only through licensed surplus lines producers. Chubb, 202 Hall's Mill Road, Whitehouse Station, NJ 08889-1600.
