Chubb vs 
Lockton Cargo and Transit Insurance
Chubb underwrites worldwide ocean cargo with war risks and engineers; Lockton’s cargo team places a capability list from motor truck cargo to perishables and terrorism.
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 Lockton?
Lockton is a privately held insurance brokerage that arranges commercial risk, employee benefits and retirement programs. US pages describe a technology practice and intermediary placement with insurers, not Lockton as the policy’s insurer. 5,6,7
What Is Cargo and Transit Insurance?
Cargo and transit insurance addresses loss or damage to goods being transported, subject to the coverage purchased. 10,11
Key Differences in Cargo and Transit Insurance
Underwriter Versus Broker Capability List
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. 4 8 9
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. 4 8
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. 4 8
What to Confirm in Cargo and Transit Insurance Quotes
- Ask Chubb whether warehousing and war/strikes are included. 4
- Ask Lockton which listed capabilities are actually being marketed and which insurer it would approach. 8
- Confirm perishable deterioration and warehouseman’s legal liability, which Lockton lists and Chubb’s ocean cargo page does not name as separate products. 8 4
- Get limits from both; neither page publishes dollar figures. 4 8
Offering Details
Chubb vs Lockton Cargo and Transit Insurance: documented features by provider
| Criteria | Chubb Worldwide Ocean Cargo Insurance | Lockton Cargo & Logistics Insurance Brokerage |
|---|---|---|
| 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. 4Company-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. 8,9Company-reported. Cargo & Logistics and Casualty product pages, U.S. site, as read 2026-09-23. |
| Issuing Insurer | Not described in the reviewed sources. | Neither page names the marine or cargo insurers Lockton places coverage with. The carrier depends on the specific placement. 8,9Not publicly disclosed. Cargo & Logistics and Casualty pages checked 2026-09-23. |
| Who It’s For | Chubb says it serves exporters, importers, manufacturers, logistics companies, and businesses that ship unusual or distinctive products. 4Company-reported. Who we serve section. | Not described in the reviewed sources. |
| 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. 4Company-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. 8Company-reported. Cargo & Logistics product page as read 2026-09-23. Not a summary of any one policy form. |
| Limits and Retentions | The reviewed page does not publish specific coverage limits or deductibles for ocean cargo insurance. 4Not found in reviewed sources. Worldwide Ocean Cargo Insurance product page as read on 2026-09-23. | Not described in the reviewed sources. |
| Risk Services | Chubb says its in-house network of nearly 400 risk engineers globally helps companies anticipate and minimize cargo-related exposures, and it operates a Risk Engineering Center for loss-prevention education. 4Company-reported. Chubb Risk Consulting Services and Risk Engineering Center sections. | Not described in the reviewed sources. |
| How to Apply | For new ocean cargo business, agents submit a Chubb application to the local mailbox where they submit other Chubb business. 4Company-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. 8Company-reported. Cargo & Logistics page as read 2026-09-23. No online quote tool was found for this line. |
Full Comparison
More Chubb vs Lockton Comparisons
Other Cargo and Transit Insurance Comparisons
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.
- Worldwide Ocean Cargo Insurance. Chubb; Coverage Details list: international steamer and air transit, domestic transit, foreign inland transit, warehousing, barge, war/strikes/riots; Who we serve; agent submission FAQ. Accessed 2026-09-23.
Lockton
- Lockton United States. Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
- Technology. Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
- US Terms of Business. Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
- Cargo & Logistics. Lockton; Risk management challenges intro; Wide array of experience: list of marine and cargo coverage areas (guaranteed outturn, bailees liability, motor truck cargo, carrier's legal liability, stock throughput, war and strikes risk, and more). Accessed 2026-09-23.
- Casualty Insurance. Lockton; Casualty Insurance Solutions list: Auto, Cargo, General & Product Liability, Umbrella & Excess Liability, Workers' Compensation; dedicated service team paragraph. Accessed 2026-09-23.
Cargo and Transit Insurance Guide
- Commercial Insurance Guide. California Department of Insurance; Commercial Property; Inland Marine; What Should I Expect from a Broker-Agent. Accessed 2026-09-16.
- Special Documents. International Trade Administration, U.S. Department of Commerce; Insurance Certificate bullet. Accessed 2026-09-16.
