Definition: The term "chubb insurance" refers to a specific type of commercial property insurance policy offered by Chubb Ltd, a global provider of risk management services for the property and casualty industry. The premium rate charged depends on factors such as the location, size, and type of the property involved, among others. Chubb's chubb group of insurance covers a broad range of risks associated with property, including liability, loss of use, loss of profits, and other losses. The company offers a variety of products that cater to different types of businesses and industries. The term "chubb group of insurance" is typically used in the context of a broader definition of commercial property insurance policy offerings by Chubb Ltd.