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Property
Unique cover for a wide spectrum of traditional and special risks
Chubb provides both traditional and specialised cover for buildings and other property, including construction projects, leased property, collections of fine arts and musical instruments. Cover can be provided on a local or multinational basis and can be combined with other lines.
Key covers
Monoline property
"All risks" property damage and business interruption
- Machinery breakdown and engineering cover
- Highly protected risk (HPR) coverage
- Specialised industry programmes
- Full value or excess of loss
- Captive management capabilities
CAR/EAR/CPE/ALOP
"All risks" cover for construction projects, specific trade contractors and general building contractors. Can include:
- Contract works, temporary works, materials
- Transit and offsite storage
- Testing and commissioning
- Maintenance cover
- Construction plant and equipment whether owned or hired
- Existing structures
- Advanced loss of profit
- Third party liability
Other lines can be incorporated as required for contracts under PFI or similar arrangements.
Completed civil structures
"All risks" or named peril cover on a wide range of operational structures.
Machinery breakdown/LOP
- Sudden and unforeseen damage
- Electrical and mechanical breakdown
- Explosion and collapse of pressure vessels
- Loss of profit
- Increased cost of working
- Contingent loss of profit
Various risk management techniques are available from Chubb Loss Control, including thermographic imaging.
Electronic data processing and peripheral equipment/ICOW
- "All risks" material damage
- Increased cost of working
- Recompilation of data
Mobile equipment/property floaters
- "All risks" cover for mobile property including broadcasting equipment, medical equipment, musical instruments and scientific equipment
- Transit and storage cover
- Specialised cover for orchestras, symphonies and philharmonics
- Wordings tailored to the commodity
Leased property
"All risks" or named peril cover for machinery, plant and equipment leased out by a manufacturer, a leasing company or a finance house.
- Single or dual interest to protect all interested parties
- Primary or contingent covers available
- Transit or storage can be included
- Programmes on a risks attaching or losses occurring basis
- Specialised wordings to reflect the nature of the leasing contract
Target risks include:
- Agricultural equipment
- Audio visual equipment
- Mobile scanners and medical equipment
- Lighting and sound equipment
- Professional cameras
- Office and communications equipment
- Electronic data processing equipment
- Light industrial machinery
Point of sale cover
"All risks" or named peril cover on a wide range of property designed to enhance sales volume. Cover typically provided on a mandatory basis with each sale at the cost of the vendor.
Target risks include:
- Computers and high tech products
- Audio visual equipment
- Machine tools
- Medical equipment
Fine arts
"All risks" property cover for museums, corporate collections, galleries and exhibitions.
- Transit and storage cover can be incorporated
- Specialised wordings including basis of settlement
For full details, please contact us
at your nearest Chubb branch.
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