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October 31, 2018

Chubb launches insurance cover for small manufacturers

Global property and casualty insurer Chubb has launched Small Commercial Insurance (SCI) solutions to help protect small manufacturers from ever-evolving risks.

The new small manufacturers insurance, which offers a range of tailored suite of products, is available through the company’s digital platform Chubb Marketplace.

Chubb SCI provides coverage for over 160 manufacturing classes such as food, machinery and equipment, metal, plastic and wood, textiles and clothing, advanced technology and clean technology.

Coverage for small manufacturers is available on the Chubb Marketplace for the business which includes     Chubb Business Owner’s Policy (Chubb BOP), workers’ compensation, umbrella, commercial auto, management and professional liability, cyber enterprise risk management (ERM)/DigiTech ERM, and     foreign package.

Commenting on the launch of the new offering, Chubb North America division president for small commercial insurance Jim Williamson said: “Manufacturing is an industry with diverse risks that are constantly evolving, and manufacturers must navigate a challenging array of exposures, from equipment breakdowns to supplier or distributor disruptions to employee safety.

“Now, and through the technological advancements of our online Marketplace platform, we are pleased to be able to offer the same insurance solutions to small manufacturing businesses, supported by our industry-leading capabilities in underwriting, claims, and risk engineering.”

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