Chubb has started using its digital platform to sell insurance products for the small commercial market. Next Insurance now markets a general contractor insurance policy for small businesses.
Chubb said it is now offering small commercial insurance products through its digital platform.
The new coverage focuses on risks faced by small manufacturers and can be accessed through the Chubb Marketplace digital platform, which features a broad and customizable lineup of products for manufacturers.
With this launch, Chubb Small Commercial Insurance now offers coverage for more than 160 manufacturing class codes, including food; machinery and equipment; metal, plastic and wood; textiles and clothing; advanced technology; and clean technology. Available cover for this market, via the Chubb Marketplace, includes: a Chubb Business Owner’s Policy, workers compensation, umbrella, commercial auto, management and professional liability, cyber enterprise risk management, and foreign package.
Next Insurance, a digital carrier focused on small businesses, said it has started marketing a general contractor insurance policy.
The company claims to be the first national carrier to offer general and professional liability insurance for general contractors entirely online.
Next Insurance now offers three coverage plans for general contractor insurance starting at $62.50 per month: Basic, Pro and Pro Plus. All plans offer general liability coverage, which includes bodily injury, property damage and libel, slander and defamation claims. Pro and Pro Plus plans also include professional liability insurance coverage. Plans offer varying limits and low deductibles.
Sources: Chubb, Next Insurance