Chubb vs 
Lockton: How Do They Compare for Cargo and Transit Insurance?
Lockton is the broker placing cargo in transit, warehouseman's legal liability and perishable-goods deterioration through a contact form; Chubb underwrites worldwide ocean cargo directly, with nearly 400 risk engineers.
Chubb fits importers and exporters needing stated ocean, air, warehouse or war-risk terms; Lockton fits businesses assembling motor-truck cargo, warehouse, perishable-goods, stock-throughput or war-risk cover. 1,2,3
What Are the Key Differences Between Chubb and Lockton Cargo and Transit Insurance?
Chubb publishes specific ocean, air, inland, warehouse and war/strikes grants; Lockton offers a broader placement menu, including motor-truck cargo and perishable deterioration, but its list is not a specimen policy. Choose Chubb if you need explicit worldwide transit, warehousing or war-risk terms; choose Lockton if your cargo program also needs truck, warehouse or perishable-goods placements. 1 2
Choose Specific Cargo Grants or Broader Options
Chubb underwrites worldwide ocean cargo insurance as the carrier. Lockton’s Cargo & Logistics team places marine and cargo coverage for companies that ship goods; it is the broker arranging cover, not the insurer, and neither reviewed Lockton page names the marine carriers used. 1 2 3
Policy Grants Versus Placement Menu
Chubb lists international ocean and air transit, domestic U.S. and Canada transit, foreign inland transit including local admitted policies, warehousing, barge movement, and war, strikes, riots and civil commotion as coverage details on its product. Lockton lists cargo in transit, motor truck cargo, warehouseman’s legal liability, stock throughput, deterioration of perishable goods, and war, strikes and terrorism risk as areas it can help place—a capability list, not a specimen policy. 1 2
Agent Submission Versus Inquiry Form
Chubb’s new ocean cargo business is submitted by agents to a local mailbox, with nearly 400 in-house risk engineers and a Risk Engineering Center. Lockton’s Cargo & Logistics page routes buyers to a contact form rather than a self-serve quote. Chubb’s page does not describe a public inquiry form as the start of placement. 1 2
What Should You Confirm in Chubb and Lockton Cargo and Transit Insurance Quotes?
- Ask Chubb whether warehousing and war/strikes are included. 1
- Ask Lockton which listed capabilities are actually being marketed and which insurer it would approach. 2
- Confirm perishable deterioration and warehouseman’s legal liability, which Lockton lists and Chubb’s ocean cargo page does not name as separate products. 2 1
- Get limits from both; neither page publishes dollar figures. 1 2
Chubb vs Lockton Cargo and Transit Insurance Compared
Chubb vs Lockton: Cargo and Transit Insurance: documented features by provider
| Criteria | Chubb Worldwide Ocean Cargo Insurance | Lockton Cargo & Logistics Insurance Brokerage |
|---|---|---|
| How to Apply | For new ocean cargo business, agents submit a Chubb application to the local mailbox where they submit other Chubb business. 1Company-reported. FAQ section: "How do agents submit an Ocean Cargo quote?" | Public engagement starts as an inquiry: the Cargo & Logistics page routes buyers to a contact form rather than a self-serve quote or bind flow. 2Company-reported. Cargo & Logistics page as read 2026-09-23. No online quote tool was found for this line. |
| Coverage Features | 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. 1Company-reported. Coverage Details list; subject to the policy as issued. | Lockton lists cargo and marine coverage areas it can help place, including cargo in transit, motor truck cargo, warehouseman's legal liability, stock throughput, deterioration of perishable goods, and war, strikes and terrorism risk. This is a capability list, not a specimen policy; actual terms depend on the placing insurer. 2Company-reported. Cargo & Logistics product page as read 2026-09-23. Not a summary of any one policy form. |
| Role in This Line | Chubb underwrites worldwide ocean cargo insurance directly, covering goods shipped internationally as well as transit within a country and at storage locations. 1Company-reported. Worldwide Ocean Cargo Insurance product page. | Lockton's Cargo & Logistics team places marine and cargo coverage for companies that ship goods; it sits alongside auto, general/product liability, umbrella and workers' compensation under Lockton's broader Casualty Insurance Solutions. Lockton is the broker arranging this coverage, not the insurer. 2,3Company-reported. Cargo & Logistics and Casualty product pages, U.S. site, as read 2026-09-23. |
