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Green Buildings

Since its introduction in 1994, Chubb’s Customarq Classic property policy has helped protect and restore “green” buildings to their original condition after a loss.

With Chubb, if you were green before a loss, you’ll be green after a loss. Whether you own a green building that has been certified in accordance with established environmental standards or have invested in sustainable environmental improvements to your property, Chubb has the experience and the longevity to help ensure that your investment and commitment to being environmentally conscious are protected now and into the future.

Green Property Highlights

  • Customarq Classic helps restore green buildings to their original condition after a loss.
  • Customarq Classic insures covered property on a replacement cost basis, including green features

Business Income Highlights
Customarq Classic’s business income and extra expense insurance helps companies with green property quickly restore operations after a loss.

  • Recognizes that it may take longer to rebuild a green building to its pre-loss condition than a typical office building and therefore take longer to restore business activity and revenues — and insures you for the loss of income you incur during that time, subject to your policy limits.
  • Reimburses for the extra expenses you incur for a wide array of important green services that help restore operations as quickly as possible.

Loss Payment Provisions
The technology behind developing green building standards is changing rapidly, as are local ordinances. Government intervention across the globe will accelerate the green building market. With Chubb’s broad replacement cost valuation provisions, being green in this changing political environment is easy. Our loss payment provisions:

  • facilitate the restoration of the green features of your buildings.
  • automatically include the cost to comply with green building ordinances or laws.
  • recognize the special architectural, engineering, consulting and supervisory fees that are important to retaining a LEED certification.

Green Loss Control Services
With a team leader who passed the rigorous LEED professional accreditation, Chubb Loss Control Services is uniquely positioned to identify, develop and advance the loss control programs for green buildings and other property. Additionally, Chubb offers specialized risk management training in tandem with various environmental consortiums.


Additional Information
Protecting Your Investment in Protecting the Environment


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