Today's broad range of exposures requires a flexible insurance solution. Chubb’s MasterKey property policy sets the industry standard with its modular format and range of options. No matter what your specific needs are, our policies have a modular format and range of options that can be crafted to fit them.
Automatic Blanket Limit
Offers a $500,000 automatic blanket limit of insurance for selected property exposures, allowing insurance dollars to be used where they are needed most following a loss
Blanket limit can be increased to $1 million or $2 million, subject to underwriting
Smaller businesses that do not need these higher limits can opt for a $250,000 or lower blanket limit
Leasehold Interest – Undamaged Tenant’s Improvements and Betterments
Nonowned Detached Trailers
Outdoor Trees, Shrubs, Plants or Lawns
Pair and Set
Personal Property of Employees
Public Safety Service Charges
Research and Development Property
Broad All-Risk Peril
Includes broad all-risk property and income perils, including:
Change in temperature or humidity
Electric arcing, mechanical breakdown, and steam boiler explosion
Water damage, including surface water, seepage through basement, backup of sewers or drains and pipe burst
Not all insurance carriers approach property valuation in the same way. With Chubb’s MasterKey, valuation includes:
Cost of replacement at the same or another site
Ordinance or law (up to building, personal property, and business income limits)
Selling price on finished stock
Business income insurance automatically includes an unlimited period of indemnity, so protection extends for as long as it takes to restore the business to the level that would have existed had no loss occurred; additional features include:
Any other location
Exhibition, fair or trade show
Ingress and egress
Loss of utilities, including Internet
New product delay
Ordinance or law
Worldwide dependent business premises
Online Business Income/Extra Expense (BI/EE) calculator available to help clients estimate the appropriate limits of BI/EE insurance
Impairment of computer services and malicious programming addresses the emerging first-party exposures presented by the Internet
With MasterKey's global extension, your overseas operations receives the same quality protection as your domestic properties. Chubb can also write primary insurance in most countries, either through our own Chubb companies or correspondents overseas. When the MasterKey global extension is purchased, Chubb pays for losses in foreign jurisdictions in the currency requested.
When does a company need Chubb’s MasterKey property policy? Consider the following scenarios:
The refrigeration system in a pharmaceutical company's research department experiences electrical failure due to a power surge. Specimen samples that took weeks to develop are completely ruined. The $100,000 loss is paid under MasterKey's broad all-risk property/income perils insurance.
A wholesaler's key supplier has a fire at its facility. As a result, the supplier is unable to ship needed products and the wholesaler loses key customers. MasterKey's dependent business premises insurance helps protect the wholesaler from the resulting business income loss and extra expense it incurs.
Service and Strength
At Chubb, 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 our global network of loss control and claim professionals. Our loss control and risk consulting professionals are experienced in making risk assessments and proposing practical remediation to help mitigate or prevent losses. They are knowledgeable in fire prevention and disaster recovery planning. 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, mean you can count on Chubb to be there when you need us most.
Offered for many property exposures, and additional limits may be purchased, including:
Any Other Location
Exhibition, Fair or Trade Show
Loss Prevention Expenses
Newly Acquired Premises
Real Estate and Hospitality
Communications and Telecommunications
My Business Income Consultation Tool
Having the right amount of insurance is critical to make sure your business can survive the interuption of operations and the loss of income. This tool is a quick and simple way to determine how much business income insurance you need.