Chubb vs 
Heffernan Insurance Brokers Builders Risk Insurance
Chubb directly underwrites builders risk, while Heffernan brokers project coverage and lists a Wrap Up Solutions team.
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. 1,2,3
What Is Heffernan Insurance Brokers?
Heffernan Insurance Brokers is an independent, Walnut Creek–headquartered retail brokerage that arranges business insurance, employee benefits, and related services. Its technology practice markets to mid- and late-stage companies, including venture-funded and pre-IPO firms. 5,6,7
What Is Builders Risk Insurance?
Builders risk insurance addresses physical property losses during building construction. 9
Key Differences in Builders Risk Insurance
Who Issues the Policy
Chubb says it underwrites builders risk directly for commercial and residential contractors and engineering projects. Heffernan says its construction brokers arrange builders risk with insurance carriers; its reviewed page does not identify the carrier for a particular placement. 4 8
Project Forms and Placement Scope
Chubb lists individual-project and master programs, difference-in-conditions coverage for selected projects, physical-damage and delay-in-opening coverage, international builders risk for U.S. clients, green endorsements, and contract-penalty coverage tied to covered physical damage. Heffernan describes project-specific protection against physical damage such as fire, theft and weather, but does not detail those program types or endorsements on the reviewed page. 4 8
Loss Control and Wrap-Up Services
Chubb says it offers loss-control and risk-consulting services on a bundled or unbundled basis. Heffernan lists a Wrap Up Solutions team alongside its construction practice leader for builders risk and related project-specific programs. These descriptions identify different published service features; they do not establish which services will be included in a quote. 4 8
Submission Details and Limits
Chubb asks for a project description, statement of values, locations, limits and coverage requirements, with soft-cost, pro forma and indemnity-period detail when delay-in-opening coverage is requested. Heffernan directs buyers to construction specialists and describes supplying budget, timeline and construction type so it can seek quotes from multiple carriers. Chubb describes capacity positions but publishes no dollar limits; Heffernan publishes only a generic industry cost range, not a provider-specific quote. 4 8
What to Confirm in Builders Risk Insurance Quotes
- Which insurer will issue the Heffernan placement, and would Chubb quote an individual project, a master program or delay-in-opening coverage? 4 8
- Which project values, soft costs, locations, construction stages and indemnity period will each quote use? 4 8
- What limits, retentions, layer position, exclusions and endorsements are actually offered, and which loss-control or wrap-up services are part of the engagement? 4 8
Offering Details
Chubb vs Heffernan Insurance Brokers Builders Risk Insurance: documented features by provider
| Criteria | Chubb Builders' Risk Insurance | Heffernan Builders Risk Insurance |
|---|---|---|
| Role in This Line | Chubb underwrites builders' risk insurance directly for commercial and residential contractors and for engineering construction such as bridges and tunnels. 4Company-reported. Builders' Risk Insurance product page. | Heffernan's construction insurance brokers arrange builders risk insurance for contractors, developers and other construction-industry clients. As a broker, Heffernan places the coverage with insurance carriers rather than underwriting it itself. 8Company-reported. Construction page description of the builders risk offering. Does not establish a specific carrier relationship. |
| Issuing Insurer | Not described in the reviewed sources. | The construction page does not name the insurer that would issue a builders risk policy arranged through Heffernan; the FAQ refers only to gathering quotes from 'various carriers.' 8Not publicly disclosed. Checked the construction page on 2026-09-23. The issuing insurer would appear on the quote and declarations. |
| Who It’s For | Chubb targets contractors, developers, owners or homebuilders with an active construction program and a strong property-preservation management approach. 4Company-reported. Target clients section. | Heffernan says its construction insurance brokers serve general contractors, subcontractors, specialty and trade contractors, developers and design/build firms across sectors including alternative energy, concrete construction management and engineering, and lists a network of more than 1,000 contractor and developer clients nationwide. 8Company-reported. Construction page sector list and client-count claim; client count is company-reported and not independently verified. |
| Coverage Features | Chubb offers Individual Project Builders Risk and Master Programs, difference-in-conditions coverage for selected construction projects, both physical-damage and delay-in-opening coverage, International Builders Risk for U.S. domestic clients, a portfolio of green endorsements, and contract-penalty coverage tied to a covered physical-damage loss. 4Company-reported. Coverage list; subject to the policy as issued. | Heffernan describes builders risk insurance as coverage that protects a construction project against physical damage during the build, such as fire, theft and weather-related events, and says it customizes the coverage to the specific project. 8Company-reported. Construction page product description; specific insuring agreements, exclusions and endorsements are not detailed on the page. |
| Limits and Retentions | Chubb says it offers capacity in a variety of positions, including primary, full limit, quota share, buffer and excess layer, but the reviewed page does not publish specific dollar limits. 4Not found in reviewed sources. Coverage list and Benefits section. | The construction page's builders risk FAQ gives only a generic industry cost range, roughly 1% to 4% of the construction budget, as educational content. It does not publish a Heffernan-specific limit, retention or premium for a builders risk policy. 8Not publicly disclosed. Checked the construction page's Builders Risk FAQ section on 2026-09-23. This is general market information, not a Heffernan-issued quote. |
| Risk Services | Chubb offers loss-control and risk-consulting services on both a bundled and unbundled basis, with underwriters averaging more than 20 years of builders-risk experience. 4Company-reported. Coverage list Benefits section. | Heffernan lists a dedicated Wrap Up Solutions team alongside its construction practice leader as contacts for builders risk and related project-specific insurance programs. 8Company-reported. Construction page practice-leader contact block. |
| How to Apply | Chubb says submissions should include a project description, statement of values, locations, limits and coverage requirements, plus a breakdown of soft costs, pro forma and period of indemnity if delay-in-opening coverage is requested. 4Company-reported. Submission requirements section. | Heffernan's construction page directs buyers to contact its construction insurance specialists directly, and its builders risk FAQ describes providing project details such as budget, timeline and construction type so Heffernan can gather quotes from multiple carriers. 8Company-reported. Construction page contact route and FAQ process description. |
Full Comparison
More Chubb vs Heffernan Insurance Brokers Comparisons
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Sources
Chubb
- Insurance For Technology Companies. 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.
- Terms Of Use. 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.
- Cyber Insurance Coverage & Products. 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.
- Builders' Risk Insurance. Chubb; Coverage list: Individual Project and Master Programs, DIC, physical damage and delay in opening, International Builders Risk; Target clients; Submission requirements. Accessed 2026-09-23.
Heffernan Insurance Brokers
- Our Story. Heffernan Insurance Brokers; Headquartered in Walnut Creek; nationwide presence; founded 1988; employee owned; niche practices including technology. Accessed 2026-09-16.
- Technology Company Insurance. Heffernan Insurance Brokers; Pre-IPO and venture-funded heading; mid to late stage specialization; global expansion copy; self-insurance strategies; Key Markets list; Why Heffernan broker history; Joseph Talmadge practice leader; FAQ. Accessed 2026-09-16.
- Heffernan Business Insurance Brokerage. Heffernan Insurance Brokers; Forward-Thinking Business Insurance: basic coverages (general liability, commercial property and auto, workers’ compensation); corporate and executive protection (EPL, D&O, fiduciary responsibility, cyber, kidnap and ransom); alternative risk capabilities; claims, loss control and risk-management services; industry practice links including Technology and Claims Advocacy. Accessed 2026-09-16.
- Construction & Contractor Liability Insurance. Heffernan Insurance Brokers; Protect Your Construction Projects with Builders Risk Insurance; contractor sectors served; Builders Risk FAQ; network of over 1,000 contractor and developer clients nationwide; Construction Practice Leader and Wrap Up Solutions contacts. Accessed 2026-09-23.
Builders Risk Insurance Guide
- Glossary of Insurance Terms. National Association of Insurance Commissioners; Builders’ Risk Policies; Ocean Marine; Auto Physical Damage; All-Risk. Accessed 2026-09-16.
