Chubb Rolls Out New Business Owner’s Policy for Small Business
Insurance Journal, September 2016
Chubb is rolling out a new business owner’s policy, Chubb BOP. Crafted for small businesses, Chubb BOP incorporates protection for property and liability exposures, a supporting umbrella liability product, and the option to add workers’ compensation, commercial auto, and management and professional liability insurance protection.
Chubb BOP is supported by Fast Track, Chubb’s online small business underwriting platform that allows agents to quote and issue an insurance policy in just minutes.
The Chubb business owner’s policy includes more than 80 tailored coverages and limits beyond industry standard policies, including an automatic blanket limit of insurance that ties together 12 property coverages.
Chubb BOP is part of a new suite of insurance products being released by Chubb’s Small Commercial Insurance division, which was launched earlier in 2016 to serve independent agents, brokers, and their small business clients. Now available in over 40 states, with plans to be in all 48 contiguous states by year-end, Chubb BOP is sold through Chubb’s exclusive network of independent insurance agents and brokers, and is currently available for more than 500 segments of business in the following industries: clubs and associations, cultural institutions, financial services, healthcare offices, real estate, retail stores, service businesses, technology, and wholesale businesses.
Chubb Small Commercial Insurance also provides workers’ compensation, auto, foreign package, and management and professional liability insurance.
