Chubb Business Insurance Reviews 2019 (Ratings, Complaints & Coverage).If you are running a business, there's no doubt that you have a lot on your mind. While it might not be at the top of your mind, you definitely need business insurance. You might have heard of Chubb Insurance since it is kind of a big name in the industry, but would this provider be the right fit when it comes to keeping your business protected? Let's take a closer look at what Chubb can offer, and some of the pros and cons of having one of their policies.
If you are a business owner looking to buy liability insurance, read Chubb business insurance reviews to learn about Chubb's products.
Check out Chubb business insurance reviews, ratings, complaints & coverage for general liability, workers compensation and other small business insurance commercial policies.
Chubb Insurance began as a family business in 1882, founded by Thomas Caldecott Chubb and his son, Percy. Originally a marine insurance company that focused its client base around the ports of New York City, it quickly grew and expanded its products. By 1984, the Chubb Corporation was established enough to be listed on the New York Stock Exchange.
In 2015, the Chubb Corporation was bought up by ACE Limited, a very large casualty and property insurer. The new merged company kept the Chubb name and became the largest publicly traded casualty and property insurer in the world. They employ an estimated 31,000 people, and have over 170 insurance products available to businesses of all sizes and niches. Chubb business insurance reviews are generally good.
These different commercial insurance products fall under a few different main categories. This includes:
General & Other Liability - which protects businesses from loss or damage from fire, natural disaster, crime, or if a customer slips and falls on the floor. Environmental liability, equipment breakdown, and worker's compensation also fall into this category. Chubb business insurance reviews for liability are above average.
Professional Liability Products - Chubb also offers a variety of products, such as directors and officers liability, errors and omissions, employment practices liability, financial fidelity, and cyber crime.
Health and Accident Products - Chubb has different types of as well, like employee benefit plans for health and life insurance, and special risk coverage for companies who host sponsored events. Chubb's ratings are fine here. Many of these products can be sold together as a package or sold individually depending on the coverage needs of the business.
What really sets Chubb Insurance apart is the way that they tailor policies to each unique business. Risks are analyzed based on industry to ensure that businesses get the right relevant coverage. Chubb features 25 different business categories, everything from technology, to educational institutions, to wineries. There are subcategories for each of these industries, with underwriters that specialize in each precise field.
Following are some ratings found online which appear mixed:
Chubb is also known as Ace American Insurance.
Address: 1133 Avenue of the Americas, New York, NY 10036
Chubb offers excellent custom-tailored coverage for your business of any size or niche. They are a very established and reputable company. Just because Chubb offers great coverage for every possible business does not necessarily mean that they are the right fit as your insurer.
If your business is very new or you have recently invested some of your money into other things and find yourself with a currently smaller budget, you might have to temporarily look elsewhere for a lower premium. Once you are on your feet, they offer great options that might actually save you a lot of money in the long run.