Chubb vs Founder Shield Cargo and Transit Insurance

Chubb underwrites worldwide ocean cargo insurance directly, covering goods shipped internationally as well as transit within a country and at storage locations. ⁴Company-reported. Worldwide Ocean Cargo Insurance product page.

Founder Shield is a retail insurance brokerage, described on its site as “the innovation arm of The Baldwin Group,” and places Founder Shield Transit & Transportation Insurance with third-party carriers rather than underwriting the policy itself. ¹¹Company-reported. About-us page; applies to Founder Shield's brokerage model generally, restated here for this line.

Not described in the reviewed sources.

Founder Shield says it places policies, including Founder Shield Transit & Transportation Insurance, only with carriers rated A- or better by AM Best, chosen for the client's industry. It does not name the issuing insurer for this line; that depends on which carrier the policy is placed with. ⁷Company-reported. General carrier-selection FAQ, not specific to this line's placements.

Chubb says it serves exporters, importers, manufacturers, logistics companies, and businesses that ship unusual or distinctive products. ⁴Company-reported. Who we serve section.

Founder Shield markets this coverage to shippers and carriers, logistics companies, manufacturers and distributors that ship products, and third-party logistics (3PL) providers. ¹⁰Company-reported. Transit & Transportation product page.

Chubb lists coverage for international ocean and air transit, domestic transit within the U.S. and Canada, foreign inland transit including local admitted policies, domestic and foreign warehousing, barge and connecting-conveyance movement, and war, strikes, riots and civil commotion risks. ⁴Company-reported. Coverage Details list; subject to the policy as issued.

Founder Shield describes the policy as covering cargo damage, loss or theft in transit, damage to company vehicles, and third-party liability from transportation operations, distinct from what a commercial auto policy alone would cover. ¹⁰Company-reported. Product page; the issued policy and declarations control actual coverage.

The reviewed page does not publish specific coverage limits or deductibles for ocean cargo insurance. ⁴Not found in reviewed sources. Worldwide Ocean Cargo Insurance product page as read on 2026-09-23.

Founder Shield's page does not publish specific limit or deductible figures for this line; it says coverage limits should align with the value of the goods and vehicles being transported. ¹⁰Not publicly disclosed. Transit & Transportation product page, checked 2026-09-23.

Chubb says its in-house network of nearly 400 risk engineers globally helps companies anticipate and minimize cargo-related exposures, and it operates a Risk Engineering Center for loss-prevention education. ⁴Company-reported. Chubb Risk Consulting Services and Risk Engineering Center sections.

Not described in the reviewed sources.

For new ocean cargo business, agents submit a Chubb application to the local mailbox where they submit other Chubb business. ⁴Company-reported. FAQ section: "How do agents submit an Ocean Cargo quote?"

You request Founder Shield Transit & Transportation Insurance through Founder Shield's website or an insurance advisor rather than binding coverage directly; Founder Shield says its placement team then approaches carriers on the client's behalf. ^11,7Company-reported. About-us and carrier-selection pages describe the general placement process, not a line-specific application form.