AM Best rating: A++
Location: Dedicated small business underwriting teams located in Simsbury, CT, Charlotte, NC, and Phoenix, AZ
Specialty: Property and casualty insurance, business owner's policy (BOP)
Why should you choose Chubb?
Chubb is a top U.S. insurance provider and one of TechInsurance's best options for buying small business insurance. The company supplies quotes quickly, so TechInsurance's free online application can retrieve quotes for policies.
Renowned worldwide for its claims, account services, and financial strength, Chubb leverages its expertise to craft insurance solutions for small businesses with up to $30M in revenue. The company responds to claims fairly and promptly, and offers a robust service center for customers to easily manage their policies and submit claims.
What types of insurance policies does Chubb provide?
These are the top insurance policies sold by Chubb. You can also view all business insurance policies offered through TechInsurance.
Business owner's policy
A business owner's policy bundles general liability coverage and commercial property insurance into one policy. It is a cost effective choice, often cheaper than buying these insurance policies separately.
Commercial umbrella insurance
Commercial umbrella insurance provides an extra layer of protection by offering additional coverage for:
- General liability insurance
- Employer's liability insurance (part of workers’ compensation insurance)
- Hired and non-owned auto insurance
Umbrella coverage boosts your liability limits in $1 million increments and is often needed in order to fulfill a contract that requires higher than standard policy limits.
Workers' compensation insurance
Workers' compensation insurance covers medical bills and other expenses related to work-related injuries. It also helps pay for lost wages if you or an employee are unable to work during recovery.
Most states require small businesses to purchase workers' comp as soon as you hire your first employee.
Commercial auto insurance
Commercial auto insurance covers the cost of accidents that involve company-owned cars, including medical bills, property damage, and lawsuits from other drivers. Every state, except for New Hampshire and Virginia, requires that businesses with company vehicles have commercial auto insurance.
If you use a personal, rented, or leased vehicle to complete work errands, then you should get hired and non-owned auto insurance (HNOA). This policy will offer you the protection you'll need, as personal auto insurance will likely not cover you if you're involved in an accident.
Cyber insurance
Cyber insurance is strongly recommended for any business that interacts with sensitive customer information, like email addresses or credit card numbers. It covers the immediate costs of a data breach or cyberattack, such as:
- Ransoms for retrieving data
- Hiring an expert to investigate the breach and assist with regulatory compliance
- Notifying customers about the breach
- Crisis management and public relations
It also covers the legal costs of lawsuits related to a data breach or cyberattack, including legal defense if a client blames your business for failing to prevent the incident.
Which small business insurance policies does your state require?
Who does Chubb serve?
- Consulting
- Finance & accounting
- Healthcare facilities
- Healthcare professionals
- IT / technology
- Pet care
- Printing & copying
- Professional services
How much does small business insurance cost?
The cost of small business insurance depends on the types of policies you purchase. Here are the average premium costs for some of the most popular policies:
- Business owner's policy: $57 per month
- General liability insurance: $42 per month
- Workers' comp insurance: $45 per month
Several factors influence the cost of your business insurance, including your policy limits, deductible, location and number of employees.
How do I get business insurance with TechInsurance?
TechInsurance is a trusted insurance expert for small businesses, including contractors and consultants, with extensive knowledge of the IT sector. We help business owners compare quotes from top-rated providers, buy policies, and manage coverage online.
By completing TechInsurance's easy online application today, you can compare free quotes for small business insurance policies from top-rated U.S. carriers, such as Chubb. Our insurance agents are available to help answer any questions you may have.
Once you find the right policies for your small business, you can begin coverage in less than 24 hours and get a certificate of insurance for your small business.