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Customarq from Chubb

Customarq is Chubb's Package product which offers outstanding flexibility and value. With three levels of coverage (Classic, Limited, and Essential) and a modular approach, this product can be tailored to a perfect fit with your property and liability exposures. Customarq Classic is the top-of-the-line product and offers an unparalleled breadth of insurance protection. Highlights of Customarq Classic include:

  • Chubb introduced the concept of a blanket limit for property coverage extensions and this remains a key feature of the Classic product. With a blanket limit per location of $250,000 for EDP, consequential loss, extra expense, valuable papers, and other important coverages, you can apply the limit where it is needed at the time of loss.
  • Features designed for today's technology exposures such as $25,000 loss of income and extra expense for disruption of Internet service.
  • Internet enabled claim reporting and first class evaluation and loss control services.
  • Combined computer and business property definition eliminates coverage questions for computer-aided equipment and closes the gap often found for computer-related loss of income.
  • Industry leading business income coverage including worldwide dependent properties, new product delay, loss of utility service, computer viruses, and contract penalties. Also, the period of restoration includes the time required to restore your business to previous income levels with no time restriction. This broad coverage is backed by some of the industry's top experts in the evaluation of business income exposures and adjustment of losses for technology firms.
  • High built-in limits for property coverages important to technology firms including $50,000 for EDP off-premises or in transit.
  • Causes of loss broadened to include electrical damage, mechanical breakdown, back up of drains, seepage of underground water, marring and scratching and temperature change.
  • Property valuation features include cost of replacement at the same or another site, functional replacement cost, customs duties, extended warranties, brands & labels, and undamaged tenants’ improvements and betterments.
  • With the available global coverage extension, coverage can easily be extended to cover international exposures. Backed by 110 offices in more than 30 countries, Chubb is a leader in international insurance.
  • Modular style coverage options include errors and omissions, employee benefits, and stop gap coverage.
  • Chubb can complement the Customarq with a full range of other commercial insurance coverages including Automobile, Workers Compensation, Umbrella, Crime, and Directors and Officers Liability.

Founded in 1882, The Chubb Group of Insurance Companies is today one of the 15 largest insurance organizations in the world. Chubb consistently receives the highest industry rankings for financial stability and customer satisfaction. One of the first carriers to develop products specifically for technology firms, the Chubb Technology Group today continues to lead the industry with innovative products and worldwide service excellence.

We invite you to contact us for more information about insurance from technology companies from Chubb. 


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