WHITEHOUSE STATION, N.J.,
June 28, 2019 /PRNewswire/ -- Chubb
now offers small business insurance to cover the unique risks faced
by the food service industry. Coverage is available through Chubb's
expanding and award-winning digital platform – the Chubb
Marketplace, which features a broad and customizable suite of
products for businesses with up to $30
million in revenue.
According to the National Restaurant Association, there are more
than one million restaurant locations in the United States, employing more than 15
million people – or about one in 10 working Americans. The
restaurant industry is projected to see $863
billion in sales this year, representing an increase of more
than 46 percent since 2010, and equaling four percent of the U.S.
gross domestic product.
"The food service industry faces a diverse array of exposures –
from customer and employee injuries to property damage and loss of
business income," said Jim
Williamson, Division President, Small Commercial Insurance,
Chubb North America. "Through our
convenient and easy-to-use online Marketplace platform, Chubb
provides access to robust insurance solutions for restaurants,
banquet halls, caterers, commissaries, food trucks, and more – all
supported by our industry-leading capabilities in underwriting,
claims, and risk engineering. We are excited to expand our
available solutions for independent agents who serve small
businesses in the food service industry."
In addition to Chubb's Business Owner's Policy (Chubb BOP),
coverage for small businesses within the food service industry is
available on the Chubb Marketplace for the following lines of
business:
- Umbrella
- Workers' Compensation
- Commercial Auto
- Cyber Enterprise Risk Management (ERM)
- Management and Professional Liability, and
- Foreign Package.
"Through the Chubb Marketplace, agents can quote and issue
policies with ease, providing their clients with tailored and
complete account solutions," Williamson concluded. "For our
insureds, Chubb delivers renowned claims, account services, and
financial strength, along with the ability to grow as they do."
Additional information on Chubb Small Commercial Insurance's
suite of products can be found here. 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.
About Chubb Small Commercial Insurance
Chubb's Small
Commercial Insurance division leverages superior underwriting
expertise and world renowned claims, account services, and
financial strength to offer solutions for small businesses. Chubb
Small Commercial products are available through Chubb's exclusive
network of independent agents and brokers for over 1,000 classes of
business in the following industries: artisan contractors, clubs
and associations, cultural institutions, financial services, food
services, healthcare offices, life sciences, manufacturers, real
estate, retail stores, service businesses, technology, and
wholesale businesses. Built for and with independent agents,
Chubb's award-winning digital platform, the Chubb Marketplace, is
designed to modernize the placement and service of small business
insurance.
About Chubb
Chubb is the world's largest
publicly traded property and casualty insurance company. With
operations in 54 countries and territories, Chubb provides
commercial and personal property and casualty insurance, personal
accident and supplemental health insurance, reinsurance and life
insurance to a diverse group of clients. As an underwriting
company, we assess, assume and manage risk with insight and
discipline. We service and pay our claims fairly and promptly. The
company is also defined by its extensive product and service
offerings, broad distribution capabilities, exceptional financial
strength and local operations globally. Parent company Chubb
Limited is listed on the New York Stock Exchange (NYSE: CB) and is
a component of the S&P 500 index. Chubb maintains executive
offices in Zurich, New York, London, Paris
and other locations, and employs more than 30,000 people worldwide.
Additional information can be found at: chubb.com.
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SOURCE Chubb