Insurance brokers and agents have their hands full. They are spending significant time conducting annual reviews with their clients, pulling together challenging insurance placements, educating clients about trends in the marketplace, and working with multiple carriers. They’re also busy attracting and developing new talent for their agency.
It can also be difficult to find solutions for the lower middle market segment that are quick, easy, and provide the insurance that growing companies need. When a company adds employees, revenue, locations, or products, it adds risk, forcing insurance agents to research different insurance coverages, potentially from additional carriers, to protect the business from new and increasing exposures.
To address these challenges, Chubb’s new Benchmarq Package takes a new and different approach to lower middle market companies. As a fully scalable package product, Benchmarq makes it easy for agents and brokers to find and place the right insurance for their clients’ business. Because it is completely scalable – allowing the agent to easily add endorsements, increase limits, and even globalize the policy if the business expands outside the U.S. – the agent never has to worry about finding the right insurance again.
Benchmarq Package was also designed with speed in mind. With a team of dedicated underwriters who have the tools and the knowledge to make decisions quickly, agents, brokers and their clients won’t have to wait weeks for a quote.
In today’s busy world, Benchmarq Package provides agents and brokers with a path to a more efficient business model. With a scalable product that their clients never have to replace, backed by Chubb’s financial strength, superior risk engineering and claims service, and global reach, Benchmarq Package is a win-win for agents and brokers as well as their lower middle market clients.
Chubb is the marketing name used to refer to subsidiaries of Chubb Limited providing insurance and related services. For a list of these subsidiaries, please visit our website at www.chubb.com. Insurance provided by ACE American Insurance Company and its U.S.-based Chubb underwriting company affiliates. All products may not be available in all states. This communication contains product summaries only. Coverage is subject to the language of the policies as actually issued. Surplus lines insurance sold only through licensed surplus lines producers. Chubb, 202 Hall's Mill Road, Whitehouse Station, NJ 08889-1600.
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