Customarq for Law Firms

Chubb’s Customarq for Law Firms goes beyond most traditional policies, providing insurance protection against exposures unique to the legal profession. For example, our business income definition considers revenue based on billable hours, fees for services or other sources of income. Customarq for Law Firms also offers a global extension that provides insurance for domestic and foreign exposures under one policy.

Quality insurance protection, combined with Chubb’s exemplary claim service and financial strength – it’s no wonder Customarq for Law Firms is the package product of choice for the legal profession.

Automatic $500,000 Blanket Limit

This blanket limit allows a law firm to use insurance dollars where they are needed most following a loss. It applies to the following property coverages:

Accounts Receivable
EDP Property
Fine Arts
Leasehold Interest (Bonus Payment, Prepaid Rent, Sublease Profit, Tenants' Lease Interest)
Leasehold Interest (EDP Equipment)
Leasehold Interest (Undamaged Tenant’s Improvements & Betterments)
Nonowned Detached Trailers
Outdoor Trees, Shrubs, Plants or Lawns
Pair and Set
Personal Property of Employees
Public Safety Service Charges
Valuable Papers

Subject to underwriting, the blanket limit can be increased to $1 million or $2 million. Smaller firms that don't need these high limits can opt for a $250,000 blanket limit.

“All-Risk” Property and Income Perils

Water damage including surface water, seepage, backup of sewers or drains and leakage or influx of water
Electric arcing, mechanical breakdown and steam boiler explosion
Change in temperatures or humidity

Additional Property Features

Personal Property, including law libraries and Improvements & Betterments
Any Other Location
Electronic Data and Valuable Papers — in storage, away from premises
In Transit
Money and Securities
Newly Acquired Premises
Telephone Equipment and EDP equipment

Business Income

Definition considers revenue based on billable hours, fees for services or other sources of income
Unlimited extended period of restoration that includes the time required to restore the firm's business to the level that would have existed had no loss occurred
Ordinance or law included in definition of period of restoration
Loss of utilities (including the Internet)

General Liability

Protection for nonprofessional services and activities of a law firm
Broad protection for bodily injury, property damage, personal injury and advertising injury resulting from liability imposed by law or any contract
Includes “all-risk” legal liability at policy limits
Vendors, lessors of premises, lessors of equipment and employees automatically included as insureds

Worldwide Coverage Territory

Customarq global extension provides insurance for domestic and foreign exposures under one policy

Chubb offers a full complement of additional products to meet the needs of law firms, including commercial automobile, workers compensation, excess and umbrella liability, multinational and professional liability insurance.

Why does a law firm need Customarq? Consider the following scenario:
A law firm sends client files to a new storage location. A fire occurs at the storage location before the firm is able to notify its agent. The fire destroys the valuable papers, which cost $85,000 to recreate. Customarq for Law Firms automatically provides protection for valuable papers at storage facilities up to $100,000. In this case, the firm would be indemnified for the expenses to recreate the files.

Service and Strength

With Chubb, law firms have the convenience of one-stop shopping for an insurance program designed to meet their unique needs. We deliver more than solid insurance products. We support our customers through our renowned services, extensive global network and financial strength.

Chubb's reputation for outstanding service is built on a consistent track record of performance by its global network of loss control and claim professionals. Our loss control professionals are experienced in making risk assessments and proposing practical remediation to help mitigate or prevent losses. Should a loss occur, our exceptional claim service is available anytime/anywhere in more than 140 languages through a toll-free number or via the Internet.

Our financial strength continues to earn high ratings from A.M. Best, Standard & Poor’s and Moody’s, leading evaluators of insurance companies. Financial strength, combined with our underwriting expertise and claim service, means you can count on Chubb to be there when you need us most.

Additional Information

Learn more about:

Chubb's products - Please contact your insurance agent or broker; use our Find an Agent tool to locate an agent or broker near you.
Claims - Please go to Chubb's Claims Services.
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