Drawing on more than 50 years of experience and a deep knowledge of the complex risks involved in manufacturing, Chubb Small Commercial Insurance (SCI) provides robust solutions for manufacturers with up to $30M in revenue. Our insurance solutions are available for the following business categories:
Metal, plastic, and wood
Machinery and equipment
Textiles and clothing
Manufacturing is a complex industry with risks that are constantly evolving. Small manufacturers need insurance solutions that can help protect their businesses as new exposures emerge.
Unique Coverages for Manufacturers
Chubb BOP offers over 60 optional property enhancements for manufacturers including those highlighted below.
Chubb values your clients’ finished inventory at its selling price, which includes profit, instead of a simple replacement value.
Chubb will pay for costs to recall and replace items that are damaged or unsafe.
Provides coverage for unique properties such as prototypes used in your clients' research and development operations.
Chubb will pay for the loss of business income resulting from a covered loss occurring at the location of a supplier.
These optional coverages are available for manufacturers, as well as clients in other segments:
Food Contamination – Provides coverage for food or beverages that have been contaminated or spoiled due to power outage, mechanical or equipment breakdown or failure.
Personal Property Off-Premise – Covers your clients’ personal property that is stored somewhere other than their home or business office.
Flood Coverage – Provides flood coverage of $100K.
Business Income Waiting Period – Flexible options are available which allow your clients to receive business income interruption insurance payments after no waiting period.
Spoilage Coverage – Covers costs associated with damage to perishable property (food, produce, or product) due to a change in humidity or temperature from equipment or power failure or contamination.
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