We are pleased to announce a new carrier division now accessible to our Halcyon agent partners. Chubb has launched an all-new Small Business, business owner’s policy (BOP) product currently available in Florida. But that is not all. Small business just got a whole lot bigger with Chubb.
Appetite
Chubb can offer a BOP product for your small business customers with up to $30 Million in revenue . There are more than 500 classes of business accessible to our agent partners amongst the following industries:
| Retail Stores | Service Business | Technology | Healthcare |
| Financial Services | Wholesale Businesses | Clubs and Associations | Manufacturing (low hazard) |
Moreover, bakeries and cupcake stores classes also qualify for this product. However, Chubb Small Business cannot quote BOPs for Lessors Risk, Contractors, HOA/COA, or 24-hour operating food services. Continue reading to learn more about Chubb’s offerings to cover your insureds completely.
Coverages and Enhancements
Each industry previously mentioned is exposed to their industry-specific risks making customizable coverage crucial to protecting your customers. There are several enhancement options for your small business BOP with Chubb.
Available Enhancements:
| Property enhancement endorsement | Foreign liability including kidnap and ransom |
| Liability enhancement endorsement | Electronic data liability |
| Privacy and data breach | Equipment breakdown |
| Employee practices liability | Water back-up sump overflow |
Complete Coverage
But wait, it does not stop there! Chubb offers supporting insurance products that your insureds want all under one carrier. Get the complete insurance solution for your small business customers by adding Umbrella, Management and Professional Liability, or Cyber Enterprise Risk Management (ERM).
Umbrella – For targeted classes, premiums can be as low as $400 per million limits in coverage.
Management and Professional Liability – Chubb can offer your customers additional management and professional liability insurance, such as employment practices, crime, and cyber liability.
Cyber Enterprise Risk Management (ERM) – This includes risk transfer, loss mitigation services, and services after an incident to defend the insured from cyber risks.
Conclusion
Do you have a customer that would fit into Chubb’s BOP product in Florida? If so, take advantage of this product recently launched and now accessible by our Halcyon agent partners. Contact your assigned underwriter today to discuss this opportunity for you and the insured.
Remember to look into the supporting coverage options to offer your customers a complete solution.
If you have any questions or concerns, contact our Marketing Department in the chat or email [email protected].
This content is strictly informational and should not be used as specific advice on insurance products, legal, accounting, and/or tax related matters. Insureds should always contact the appropriate licensed professional for their insurance, legal, accounting, or tax needs.
