With Customarq Classic'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 Customarq global extension is purchased, Chubb pays for losses in foreign jurisdictions in the currency requested.
When does a company need Chubb’s Customarq 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 Customarq'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. Customarq's dependent business premises insurance helps protect the wholesaler from the resulting business income loss and extra expense it incurs.
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: