Success story: Wholesale and Distribution
Wholesalers and distributors play a vital role in the supply chain of the North American economy between manufacturers and retailers and commercial, institutional, and government end users. The market segment accelerates growth via greater use of technology and expansion into new and foreign markets. Chubb understands the risks that are unique to this segment, and we can proactively help wholesalers of all sizes navigate risk and thrive in today’s changing economy.
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.
A fire loss that resulted in damage to machinery. The incident occurred when an employee flipped a light switch and a bulb fell from a 20 ft. high fixture, shattering and triggering the fire that damaged the machinery. Subrogation was pursued against the light bulb manufacturer, but no manufacturing defect could be determined since the bulb shattered.
Chubb responded efficiently to the incident and settled the claim.
A 35-year-old compressor was loaned to a customer, but an unexpected incident occurred when the compressor exploded. A fire started that damaged the insured’s building and contents.
Chubb stepped in and resolved the claim quickly.
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.
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.
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.
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.
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.