Chubb has introduced a property and general liability product designed for manufacturing and real estate businesses with annual revenue up to $50 million.

It says its Benchmarq cover offers commercial property and broadform liability protection, with automatic cover for industry-specific risks and the ability to tailor coverage to evolving needs.

“Benchmarq offers businesses a flexible and scalable solution that adapts as their needs change,” head of property and casualty for Australia and New Zealand Hayden Baker said.

“Its streamlined processes, faster quoting and comprehensive coverage provide brokers and clients with the tools they need to take advantage of growth opportunities as they arise.”

Chubb will expand Benchmarq to other industries soon. Ben Howell, the insurer’s country president for Australia and New Zealand, said: “Benchmarq not only fills market gaps, it also enables businesses to remain competitive in an increasingly complex risk environment.”