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.

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.