---
title: "Chubb vs Founder Shield Representations and Warranties Insurance"
description: "Chubb underwrites R&W for buyers and sellers; Founder Shield places A-rated carrier forms for sponsors, strategics and family sellers."
canonical: "https://spot.insure/compare/chubb-vs-foundershield/representations-warranties"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# Chubb vs Founder Shield Representations and Warranties Insurance

Chubb underwrites R&W for buyers and sellers; Founder Shield places A-rated carrier forms for sponsors, strategics and family sellers.

## Research Scope and Use

Use this comparison to evaluate Chubb and Founder Shield for Representations and Warranties Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Chubb underwrites R&W and describes seller-side backstop of indemnity for funds at the end of their life cycle. Founder Shield places the line with third-party A-rated carriers and lists example seller misrepresentations the policy can cover. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [12](https://foundershield.com/about-us/ "About Us") [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance")

## What Is Chubb?

Chubb is the marketing name for a global insurance group whose U.S. companies underwrite commercial property, casualty, cyber and financial-lines coverage, including technology-focused DigiTech ERM and small-business packages. Founders and finance teams typically work through an appointed agent, then receive a policy issued by a named Chubb-group insurer rather than by the Swiss holding company. [1](https://www.chubb.com/us-en/business-insurance/industries/technology.html "Insurance For Technology Companies") [2](https://www.chubb.com/us-en/terms-of-use.html "Terms Of Use") [3](https://www.chubb.com/us-en/business-insurance/products/cyber-insurance/cyber-insurance-products.html "Cyber Insurance Coverage & Products")

[Chubb profile](https://spot.insure/insurance-providers/chubb)

## What Is Founder Shield Insurance?

Founder Shield is a commercial insurance broker for venture-backed and growing businesses. Buyers can request coverage through its online portal and work with advisors on insurer selection, policy changes and claims reporting. [6](https://foundershield.com/ "Founder Shield") [7](https://apx.foundershield.com/ "Quote Portal") [8](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") [9](https://foundershield.com/insurance-faqs/general-faqs/what-if-our-company-grows-a-lot-or-things-change-during-the-year/ "What If Our Company Grows A Lot or Things Change During the Year?") [10](https://foundershield.com/claims/ "Claims")

[Founder Shield profile](https://spot.insure/insurance-providers/foundershield)

## What Is Representations and Warranties Insurance?

Representations and warranties insurance addresses financial loss from inaccuracies in the representations or warranties made in a stock or asset purchase agreement. It doesn't cover issues already known before signing, disputes over the purchase price, or every statement made during diligence. [13](https://www.cfc.com/en-us/products/class/transaction-liability/ "Transaction liability insurance | Representation and indemnities insurance") [14](https://www.beazley.com/en-us/products/executive-risk-usa/mergers-acquisitions "Mergers & Acquisitions")

## Key Differences in Representations and Warranties Insurance

### Issuing Carrier Versus Baldwin Group Brokerage

Chubb underwrites R&W on its own paper for either side of a merger or acquisition. Founder Shield, described as the innovation arm of The Baldwin Group, places the coverage with third-party carriers rated A- or better by AM Best and does not name the issuer for this line in advance. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [12](https://foundershield.com/about-us/ "About Us") [8](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?")

### Seller-Side Emphasis

Chubb says seller-side policies backstop negotiated indemnity, which it calls a key benefit for private equity or venture capital funds at the end of their life cycle, and protect minority or passive sellers worried about joint and several liability. Founder Shield markets to private equity and other sponsors, strategic buyers, corporate sellers of a unit, and family-owned businesses being sold, and describes coverage mostly on the buyer side. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance")

### Example Losses and Pricing Language

Founder Shield names financial-statement misstatements, undisclosed tax, legal or regulatory non-compliance, and undisclosed contracts or leases as kinds of seller misrepresentations, and says premiums are typically a percentage of the negotiated limit. Chubb describes losses including defense costs excess of a retention for certain unintentional and unknown breaches, without those example categories or a premium-as-percentage formula. [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")

## What to Confirm in Representations and Warranties Insurance Quotes

- Confirm Chubb is the insurer on its quote and name Founder Shield’s selected A-rated carrier. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [8](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?")
- Ask whether you need seller-side indemnity backstop (including fund-end-of-life or minority seller issues) or a buyer-side form. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance")
- Match Founder Shield’s example misrepresentation types to the actual form Chubb or the placed carrier will issue. [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")
- Compare retention, limit and how premium is calculated as a percentage of limit. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance")

## Offering Details

| Criteria | Chubb Representations and Warranties (R&W) Insurance | Founder Shield Representations and Warranties Insurance |
| --- | --- | --- |
| Role in This Line | Chubb underwrites representations and warranties (R&W) insurance directly, available to either buyers or sellers in an acquisition or merger transaction. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: R&W 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 Representations and Warranties Insurance with third-party carriers rather than underwriting the policy itself. [12](https://foundershield.com/about-us/ "About Us") (Evidence: Company-reported; scope: About-us page; applies to Founder Shield's brokerage model generally, restated here for this line..) |
| Issuing Insurer | Not described in the reviewed sources. | Founder Shield says it places policies, including Founder Shield Representations and Warranties 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. [8](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") (Evidence: Company-reported; scope: General carrier-selection FAQ, not specific to this line's placements..) |
| Who It’s For | Chubb's R&W product is part of its broader transactional risk suite serving large U.S. and Canadian multinational companies and their brokers; the reviewed pages do not state a minimum deal size for R&W specifically. [5](https://www.chubb.com/us-en/business-insurance/multinational-for-large-companies.html "Multinational Insurance Coverage and Solutions for Large Accounts") (Evidence: Company-reported; scope: Multinational large-accounts page Specialty Coverage list; R&W page does not itself state deal-size eligibility..) | Founder Shield markets R&W insurance to private equity and other financial sponsors, strategic buyers, corporate sellers divesting a business unit, and family-owned businesses being sold. [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") (Evidence: Company-reported; scope: Representations and Warranties Insurance product page..) |
| Coverage Features | Chubb says the policy protects against financial losses, including defense costs, in excess of a retention, for certain unintentional and unknown breaches of the seller's representations and warranties made in the acquisition or merger agreement. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: R&W Insurance product page opening description and footnote..)<br><br>For buyer-side policies, Chubb lists benefits including protection beyond the negotiated indemnity cap and survival limitations, protection against a seller's collectability or solvency risk, and support for distinguishing a bid in a competitive auction by requiring shorter survival periods and lower liability caps from the seller. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: Benefits of a Buyer-Side R&W Insurance Policy section..)<br><br>For seller-side policies, Chubb says the coverage backstops negotiated indemnity obligations, which it calls a key benefit for private equity or venture capital funds at the end of their life cycle, and protects minority or passive sellers concerned about joint and several liability. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: Benefits of a Seller-Side R&W Insurance Policy section..) | Founder Shield lists financial-statement misstatements, undisclosed tax liabilities, legal or regulatory non-compliance, and undisclosed contracts or leases as the kinds of seller misrepresentations the policy can cover, mostly on the buyer side. [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") (Evidence: Company-reported; scope: Product page; the issued policy and declarations control actual coverage..) |
| Limits and Retentions | The reviewed pages state that coverage applies in excess of a retention but do not publish specific limit, retention or premium figures; Chubb describes R&W policies as negotiated deal-by-deal. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Not found in reviewed sources; scope: R&W Insurance product page as read on 2026-09-23..) | Founder Shield's page does not publish specific limit figures; it says premiums are typically a percentage of the negotiated policy limit, which is set per transaction. [11](https://foundershield.com/coverage/representations-warranties-insurance/ "Representations and Warranties Insurance") (Evidence: Not publicly disclosed; scope: Representations and Warranties Insurance product page, checked 2026-09-23..) |
| How to Apply | R&W insurance is placed through Chubb's transactional risk team working with the deal's buyer, seller and their brokers; the product page directs interested businesses to request a quote. [4](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: R&W Insurance product page quote call-to-action..) | You request Founder Shield Representations and Warranties 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. [12](https://foundershield.com/about-us/ "About Us") [8](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/ "How Do You Decide Which Carriers to Approach?") (Evidence: Company-reported; scope: About-us and carrier-selection pages describe the general placement process, not a line-specific application form..) |

## Full Comparison

- [Chubb vs Founder Shield](https://spot.insure/compare/chubb-vs-foundershield): all coverage lines, business roles, service and claims.
- [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties): Representations and warranties insurance addresses financial loss from inaccurate statements in a business purchase agreement.
- [Chubb vs Founder Shield Cargo and Transit Insurance](https://spot.insure/compare/chubb-vs-foundershield/cargo-transit)
- [Chubb vs Founder Shield Commercial Property Insurance](https://spot.insure/compare/chubb-vs-foundershield/commercial-property)
- [Chubb vs Founder Shield Crime Insurance](https://spot.insure/compare/chubb-vs-foundershield/crime)
- [Chubb vs Founder Shield Cyber Insurance](https://spot.insure/compare/chubb-vs-foundershield/cyber)
- [Chubb vs Founder Shield D&O Insurance](https://spot.insure/compare/chubb-vs-foundershield/directors-officers)
- [Chubb vs Founder Shield Employment Practices Liability Insurance](https://spot.insure/compare/chubb-vs-foundershield/employment-practices)
- [Chubb vs Founder Shield Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-foundershield/fiduciary)
- [Chubb vs Founder Shield General Liability Insurance](https://spot.insure/compare/chubb-vs-foundershield/general-liability)
- [Chubb vs Founder Shield Professional Liability (E&O) Insurance](https://spot.insure/compare/chubb-vs-foundershield/professional-errors-omissions)
- [Chubb vs Founder Shield Umbrella and Excess Liability Insurance](https://spot.insure/compare/chubb-vs-foundershield/umbrella-excess)
- [Chubb vs Founder Shield Workers’ Compensation Insurance](https://spot.insure/compare/chubb-vs-foundershield/workers-compensation)
- [Beazley vs Chubb Representations and Warranties Insurance](https://spot.insure/compare/beazley-vs-chubb/representations-warranties)
- [Beazley vs Founder Shield Representations and Warranties Insurance](https://spot.insure/compare/beazley-vs-foundershield/representations-warranties)
- [CFC vs Chubb Representations and Warranties Insurance](https://spot.insure/compare/cfc-vs-chubb/representations-warranties)
- [CFC vs Founder Shield Representations and Warranties Insurance](https://spot.insure/compare/cfc-vs-foundershield/representations-warranties)
- [Chubb vs Corgi Representations and Warranties Insurance](https://spot.insure/compare/chubb-vs-corgi/representations-warranties)
- [Chubb vs Coverdash Representations and Warranties Insurance](https://spot.insure/compare/chubb-vs-coverdash/representations-warranties)

## Sources

### Chubb

1. [Insurance For Technology Companies](https://www.chubb.com/us-en/business-insurance/industries/technology.html). Chubb; Industry overview; Who we serve; Products and services: commercial package insurance (BOP, Benchmarq, Customarq), E&O/Cyber, Financial Lines, workers’ compensation, auto and umbrella; dedicated underwriting, claims and risk engineering. Accessed 2026-09-16.
2. [Terms Of Use](https://www.chubb.com/us-en/terms-of-use.html). Chubb; Acceptance of Terms identifying Chubb Group Holdings Inc.; surplus-lines producer restriction; products not available to all users or jurisdictions; Chubb Limited safe-harbor language; Internet Portals for Chubb Business. Accessed 2026-09-16.
3. [Cyber Insurance Coverage & Products](https://www.chubb.com/us-en/business-insurance/products/cyber-insurance/cyber-insurance-products.html). Chubb; Cyber insurance product catalog: Cyber ERM, DigiTech ERM (technology E&O, media and cyber) and Pro ERM (non-licensed professional services); Marketplace quoting for eligible risks under $100 million revenue; first- and third-party coverage summaries. Accessed 2026-09-16.
4. [Representations and Warranties (R&W) Insurance](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html). Chubb; R&W Policy Highlights; Benefits of a Buyer-Side R&W Insurance Policy; Benefits of a Seller-Side R&W Insurance Policy. Accessed 2026-09-23.
5. [Multinational Insurance Coverage and Solutions for Large Accounts](https://www.chubb.com/us-en/business-insurance/multinational-for-large-companies.html). Chubb; Specialty Coverage list: Representations & Warranties named among specialty coverages for large US and Canadian multinational companies. Accessed 2026-09-23.

### Founder Shield

6. [Founder Shield](https://foundershield.com/). Founder Shield; Opening broker description; Specialized Practices; Smart Tech, Smarter People; quote and sign-in links. Accessed 2026-09-15.
7. [Quote Portal](https://apx.foundershield.com/). Founder Shield; Public landing screen, Create Account and Sign In links. Accessed 2026-09-15.
8. [How Do You Decide Which Carriers to Approach?](https://foundershield.com/insurance-faqs/general-faqs/how-do-you-decide-which-carriers-to-approach/). Founder Shield; FAQ answer on carrier selection: works exclusively with A-rated (AM Best) carriers, matched by industry appetite. Accessed 2026-09-23.
9. [What If Our Company Grows A Lot or Things Change During the Year?](https://foundershield.com/insurance-faqs/general-faqs/what-if-our-company-grows-a-lot-or-things-change-during-the-year/). Founder Shield; Carl Niedbala answer, November 25, 2024: operational changes and coverage adjustments. Accessed 2026-09-15.
10. [Claims](https://foundershield.com/claims/). Founder Shield; Our Approach; How We Support Claims Management, steps 1–5; Make a claim link. Accessed 2026-09-15.
11. [Representations and Warranties Insurance](https://foundershield.com/coverage/representations-warranties-insurance/). Founder Shield; What Is Reps & Warranties Insurance?; Who Needs Reps & Warranties Insurance Coverage?; What Does Reps & Warranties Insurance Cover?. Accessed 2026-09-23.
12. [About Us](https://foundershield.com/about-us/). Founder Shield; “Founder Shield is the innovation arm of The Baldwin Group”; company history and mission. Accessed 2026-09-23.

### Representations and Warranties Insurance Guide

13. [Transaction liability insurance | Representation and indemnities insurance](https://www.cfc.com/en-us/products/class/transaction-liability/). CFC; What are representations and warranties?; Who should buy representation and warranty insurance?; Available to buyers & sellers; Limited seller security; Is transaction liability insurance available to sellers. Accessed 2026-09-16.
14. [Mergers & Acquisitions](https://www.beazley.com/en-us/products/executive-risk-usa/mergers-acquisitions). Beazley; Product overview: buyer and seller protection for inaccuracies in representations or warranties. Accessed 2026-09-16.

Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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