Chubb vs Heffernan Insurance Brokers: How Do They Compare for Business Owner’s Policy?

Chubb underwrites its BOP directly for small businesses up to $30 million in revenue; Heffernan Insurance Brokers arranges a BOP for small and growing companies and will research a custom package for an industry it doesn't list.

Chubb sells its own BOP to businesses with up to $30 million in revenue across more than 500 classes. Heffernan is a broker for SBA-size small businesses that will research a package if your industry isn’t on its list. ^1,⁵

What Are the Key Differences Between Chubb and Heffernan Insurance Brokers Business Owner’s Policy?

Which One Fits Your Size and Industry

Heffernan uses the SBA test: fewer than 500 employees or under $7 million in annual receipts, across sectors from construction and food to hospitality, real estate and transportation. Chubb goes higher, to $30 million in revenue, and names technology, healthcare, retail, manufacturing and financial services. A $15 million manufacturer is past Heffernan’s published range but inside Chubb’s. Choose Chubb if you’re above $7 million in receipts or want the insurer itself; choose Heffernan if you’re smaller or in a niche Chubb doesn’t name. ¹ ⁵

Who You Deal With

Chubb underwrites the BOP itself, so the company quoting you is the one paying claims. Heffernan places your BOP with carriers and doesn’t say which ones, so you’ll learn the insurer only when the quote arrives. ¹ ⁵

Add-Ons You Can Get

Chubb publishes the longer menu: privacy and data breach, EPL, foreign liability with kidnap and ransom, equipment breakdown, water backup and crime, plus a Total Account Solution to bundle other Chubb lines. Heffernan names no equivalent add-ons; it offers to research and build a package instead. If you need a specific add-on, Chubb shows it up front. ¹ ⁵

What Should You Confirm in Chubb and Heffernan Insurance Brokers Business Owner’s Policy Quotes?

If your receipts exceed $7 million, ask Heffernan how it would place you. ⁵
Ask Heffernan which insurer issues the policy. ⁵
Ask Chubb which add-ons are available in your state and industry. ¹
Ask Heffernan which endorsements its placement includes. ⁵
Compare limits, deductibles, sublimits, exclusions and fees side by side. ¹ ⁵

Chubb vs Heffernan Insurance Brokers Business Owner’s Policy Compared

Chubb vs Heffernan Insurance Brokers: Business Owner’s Policy: documented features by provider

Criteria	Chubb Business Owner's Policy (BOP) Insurance	Heffernan Business Owner's Policy (BOP)
Who It’s For	Chubb says its BOP is available to small businesses with up to $30 million in revenue across more than 500 business classes, including technology, healthcare, retail, manufacturing and financial services. ¹Company-reported. Chubb BOP eligibility list; a specific business's eligibility depends on underwriting.	Heffernan's small-business insurance targets companies the U.S. Small Business Administration defines as having fewer than 500 employees or less than $7 million in annual receipts, ranging from sole proprietors working from home to fast-growing companies, across industries it lists including construction, food, health care, hospitality, real estate, technology and transportation. ⁵Company-reported. Small Business Insurance page's eligibility and industry-list sections.
Coverage Features	Chubb lists optional BOP enhancements including privacy and data breach coverage, employment practices liability, foreign liability with kidnap and ransom, equipment breakdown, water backup and sump overflow, and crime coverage such as forgery and employee dishonesty. ¹Company-reported. Chubb BOP coverage-highlights list; availability of any enhancement depends on the issued policy and state.	Heffernan describes a business owner's policy as a package that combines protection for a company's major property and liability risks in one bundle, assembling the basic coverages a business owner needs. ⁵Company-reported. Small Business Insurance page's coverage-type list. Specific insuring agreements and exclusions are not detailed there.
Role in This Line	Chubb underwrites its Business Owner's Policy directly, combining property and liability coverage into a single package positioned as the foundation of a small business's insurance portfolio. ¹Company-reported. Chubb BOP product page; describes Chubb's own packaged small-business offering.	Heffernan's small-business division arranges a business owner's policy (BOP) for small and growing companies as one of several coverages it places. Heffernan describes itself as the source businesses go to for insurance, not as the insurer. ⁵Company-reported. Small Business Insurance page description of the division and its BOP offering.
Risk Services	Chubb markets a 'Total Account Solution' that lets a BOP holder add umbrella, workers' compensation, commercial auto, ForeFront management liability and Cyber ERM/DigiTech ERM coverage from the same carrier. ¹Company-reported. Chubb BOP product page; each added line is underwritten and priced separately.	Heffernan says its small-business division focuses entirely on the needs of small-business clients and will research and build a custom-designed package for an industry or niche not listed on the page. ⁵Company-reported. Small Business Insurance page description of the division's approach.