---
title: "Chubb vs Heffernan Insurance Brokers Builders Risk Insurance"
description: "Chubb directly underwrites builders risk, while Heffernan brokers project coverage and lists a Wrap Up Solutions team."
canonical: "https://spot.insure/compare/chubb-vs-heffernan/builders-risk"
page-type: "line-comparison"
updated-at: "2026-09-24"
---

Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, and get_rankings for current provider rankings. The server is read-only and requires no authentication.

[Human-readable page](https://spot.insure/compare/chubb-vs-heffernan/builders-risk)

# 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.

## Research Scope and Use

Use this comparison to evaluate Chubb and Heffernan Insurance Brokers for Builders Risk 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 describes direct underwriting for individual-project and master builders risk programs, including delay-in-opening options. Heffernan arranges project-specific coverage with outside carriers and lists a Wrap Up Solutions team; the reviewed page does not identify the carrier for a Heffernan placement. [4](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability 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 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](https://www.heffins.com/about-us/our-story/ "Our Story") [6](https://www.heffins.com/business-insurance/technology/ "Technology Company Insurance") [7](https://www.heffins.com/business-insurance/ "Heffernan Business Insurance Brokerage")

[Heffernan Insurance Brokers profile](https://spot.insure/insurance-providers/heffernan)

## What Is Builders Risk Insurance?

Builders risk insurance addresses physical property losses during building construction. [9](https://content.naic.org/glossary-insurance-terms "Glossary of Insurance Terms")

## 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](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance")

### 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](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance")

### 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](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance")

### 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](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance")

## 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](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance")
- Which project values, soft costs, locations, construction stages and indemnity period will each quote use? [4](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance")
- 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](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance")

## Offering Details

| 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. [4](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") (Evidence: Company-reported; scope: 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. [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance") (Evidence: Company-reported; scope: 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.' [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance") (Evidence: Not publicly disclosed; scope: 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. [4](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") (Evidence: Company-reported; scope: 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. [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance") (Evidence: Company-reported; scope: 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. [4](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") (Evidence: Company-reported; scope: 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. [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance") (Evidence: Company-reported; scope: 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. [4](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") (Evidence: Not found in reviewed sources; scope: 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. [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance") (Evidence: Not publicly disclosed; scope: 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. [4](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") (Evidence: Company-reported; scope: 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. [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance") (Evidence: Company-reported; scope: 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. [4](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html "Builders' Risk Insurance") (Evidence: Company-reported; scope: 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. [8](https://www.heffins.com/business-insurance/construction/ "Construction & Contractor Liability Insurance") (Evidence: Company-reported; scope: Construction page contact route and FAQ process description..) |

## Full Comparison

- [Chubb vs Heffernan Insurance Brokers](https://spot.insure/compare/chubb-vs-heffernan): all coverage lines, business roles, service and claims.
- [What Is Builders Risk Insurance?](https://spot.insure/coverage/builders-risk): Builders risk helps protect a construction project and its materials against covered property damage while work is underway.
- [Chubb vs Heffernan Insurance Brokers Business Owner’s Policy](https://spot.insure/compare/chubb-vs-heffernan/business-owners-policy)
- [Chubb vs Heffernan Insurance Brokers Cargo and Transit Insurance](https://spot.insure/compare/chubb-vs-heffernan/cargo-transit)
- [Chubb vs Heffernan Insurance Brokers Commercial Auto Insurance](https://spot.insure/compare/chubb-vs-heffernan/commercial-auto)
- [Chubb vs Heffernan Insurance Brokers Commercial Property Insurance](https://spot.insure/compare/chubb-vs-heffernan/commercial-property)
- [Chubb vs Heffernan Insurance Brokers Crime Insurance](https://spot.insure/compare/chubb-vs-heffernan/crime)
- [Chubb vs Heffernan Insurance Brokers Cyber Insurance](https://spot.insure/compare/chubb-vs-heffernan/cyber)
- [Chubb vs Heffernan Insurance Brokers Employment Practices Liability Insurance](https://spot.insure/compare/chubb-vs-heffernan/employment-practices)
- [Chubb vs Heffernan Insurance Brokers Fiduciary Liability Insurance](https://spot.insure/compare/chubb-vs-heffernan/fiduciary)
- [Chubb vs Heffernan Insurance Brokers General Liability Insurance](https://spot.insure/compare/chubb-vs-heffernan/general-liability)
- [Chubb vs Heffernan Insurance Brokers Professional Liability (E&O) Insurance](https://spot.insure/compare/chubb-vs-heffernan/professional-errors-omissions)
- [Chubb vs Heffernan Insurance Brokers Representations and Warranties Insurance](https://spot.insure/compare/chubb-vs-heffernan/representations-warranties)
- [Chubb vs Heffernan Insurance Brokers Surety Bonds](https://spot.insure/compare/chubb-vs-heffernan/surety-bonds)
- [Chubb vs Heffernan Insurance Brokers Workers’ Compensation Insurance](https://spot.insure/compare/chubb-vs-heffernan/workers-compensation)
- [Alliance Risk vs Chubb Builders Risk Insurance](https://spot.insure/compare/alliance-risk-vs-chubb/builders-risk)
- [Alliance Risk vs Heffernan Insurance Brokers Builders Risk Insurance](https://spot.insure/compare/alliance-risk-vs-heffernan/builders-risk)
- [Chubb vs Coverdash Builders Risk Insurance](https://spot.insure/compare/chubb-vs-coverdash/builders-risk)
- [Chubb vs Harper Builders Risk Insurance](https://spot.insure/compare/chubb-vs-harper/builders-risk)
- [Chubb vs HUB International Builders Risk Insurance](https://spot.insure/compare/chubb-vs-hub-international/builders-risk)
- [Chubb vs Marsh Builders Risk Insurance](https://spot.insure/compare/chubb-vs-marsh/builders-risk)

## 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. [Builders' Risk Insurance](https://www.chubb.com/us-en/business-insurance/builders-risk-insurance.html). 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

5. [Our Story](https://www.heffins.com/about-us/our-story/). Heffernan Insurance Brokers; Headquartered in Walnut Creek; nationwide presence; founded 1988; employee owned; niche practices including technology. Accessed 2026-09-16.
6. [Technology Company Insurance](https://www.heffins.com/business-insurance/technology/). 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.
7. [Heffernan Business Insurance Brokerage](https://www.heffins.com/business-insurance/). 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.
8. [Construction & Contractor Liability Insurance](https://www.heffins.com/business-insurance/construction/). 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

9. [Glossary of Insurance Terms](https://content.naic.org/glossary-insurance-terms). National Association of Insurance Commissioners; Builders’ Risk Policies; Ocean Marine; Auto Physical Damage; All-Risk. Accessed 2026-09-16.

Updated 2026-09-24. 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.

## Agent and Developer Resources

- [Markdown page](https://spot.insure/compare/chubb-vs-heffernan/builders-risk.md)
- [Developer resources](https://spot.insure/developers)
- [Public MCP server](https://spot.insure/mcp)
- [MCP server manifest](https://spot.insure/server.json)
- [OpenAPI description](https://spot.insure/openapi.json)
- [Public page index](https://spot.insure/llms.txt)