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Chubb Updates Lower Middle Market Commercial Package Product May 27, 2021
Chubb has rolled out a new insurance product for the lower middle market segment with an expanded base coverage offering in both property and liability.
Benchmarq Package features scalable property and general liability coverages to protect clients from the risks in their industries, including: education, food, manufacturing, professional services, real estate, retail, technology, wholesale, and wineries. Chubb plans to expand the product into additional industries.
Benchmarq’s base offering was designed for smaller or less complex package risks, but coverage can also scale up through higher limits and additional endorsements for the middle market space.
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Chubb Introduces New and Modernized Package Product for Commercial Clients
Chubb Benchmarq Package helps to fill a gap in the lower middle market; provides agents and brokers the ability to scale and tailor coverage offerings to create a fully customized package policy
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WHITEHOUSE STATION, N.J., May 21, 2021 /PRNewswire/ Chubb has introduced a new insurance product, Benchmarq Package, for the lower middle market segment, setting the standard for package policies focused on broader and more scalable coverage and efficiency. Benchmarq includes an expanded base coverage offering in both property and liability, resulting in insurance protection that is more inclusive than the typical industry package policies. While Benchmarq s base offering is optimal for smaller or less complex package risks, coverage can also scale up through higher limits and additional endorsements to create fully customized solutions for clients unique
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WHITEHOUSE STATION, N.J., April 29, 2021 /PRNewswire/ New data from Chubb and the National Center for the Middle Market (NCMM), housed at The Ohio State University Fisher College of Business, reveals that the worst of the pandemic s economic impact might be in the rearview mirror for middle market companies.
While COVID-19 remains a significant concern, according to results from Chubb and NCMM s fourth-quarter Middle Market Indicator (MMI) report, the overall economic outlook of companies has improved. Since the second quarter of 2020, the confidence of middle market companies in the U.S. and global economies rebounded by ten percent and eleven percent, respectively, and expected revenue increased by four percent, nearing pre-pandemic levels.
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Switzerland
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France
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London
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United-kingdom
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