Chubb vs 
Lockton: How Do They Compare for Commercial Property Insurance?
Chubb underwrites property and offers risk consulting to policyholders; Lockton brokers directly with underwriters and can tailor manuscript policy wording.
Chubb offers a BOP for businesses up to $30 million in revenue and defined programs beyond it; Lockton can negotiate custom policy wording and analyze complex property exposures. 1,4
What Are the Key Differences Between Chubb and Lockton Commercial Property Insurance?
Chubb provides a BOP for businesses up to $30 million in revenue plus monoline, multi-line and large/complex property programs. Lockton emphasizes custom policy wording and detailed work on property values, catastrophe models and deductibles—useful if standard terms do not fit your exposures. 1 4
Standard Programs Versus a Manuscript Form
Chubb describes its property offering as full-limit package or monoline, primary, quota-share and excess all-risk coverage, scaled across three named program tiers. 1 Lockton's page describes a different kind of flexibility:
Lockton says it can tailor its own proprietary manuscript property policy to a client's coverage needs, rather than only placing standard-form property policies. 4Company-reported. Property product page as read 2026-09-23. The manuscript form's actual wording and how it compares to standard forms was not published on this page.
Services Attached to the Placement
Chubb ties Chubb Risk Consulting and a dedicated property-claims process with field adjusters to its policies. 1 Lockton lists a different set of services: detailed review of coverage terms and wordings, retention analysis for deductible selection, exposure and stratification-of-value analysis, catastrophic modeling, and assistance with complex claim recovery. 4
What Should You Confirm in Chubb and Lockton Commercial Property Insurance Quotes?
- Ask which entity issues the policy: Chubb underwrites its own program, while Lockton's page does not name the insurers it places business with. 1 4
- If Lockton proposes a manuscript policy, ask how its wording compares to a standard property form for your industry. 4
- Request published limits and deductibles from both; neither page discloses them. 1 4
- Ask Lockton which of its listed services, such as stratification-of-value analysis or catastrophic modeling, would actually apply to your account size. 4
Chubb vs Lockton Commercial Property Insurance Compared
Chubb vs Lockton: Commercial Property Insurance: documented features by provider
| Criteria | Chubb Commercial Property Insurance | Lockton Property Insurance Brokerage |
|---|---|---|
| Coverage Features | Chubb says it can provide full-limit package or monoline, primary, quota share and excess all-risk property insurance, scaling from a single business to large U.S.-based multinational organizations. 1Company-reported. Commercial Property product page coverage description. | Lockton says it can tailor its own proprietary manuscript property policy to a client's coverage needs, rather than only placing standard-form property policies. 4Company-reported. Property product page as read 2026-09-23. The manuscript form's actual wording and how it compares to standard forms was not published on this page. |
| Role in This Line | Chubb underwrites commercial property insurance directly, sold as monoline property, multi-line property combined with other coverages such as liability, or as part of large and complex property programs. 1Company-reported. Commercial Property product page; describes Chubb's own property offerings. | Lockton's property team negotiates commercial property placements directly with underwriters rather than through a centralized broking center, and says the same team that meets a client also negotiates with the market on their behalf. 4Company-reported. Property product page as read 2026-09-23. |
| Risk Services | Chubb Risk Consulting is offered to property policyholders, aiming to help clients manage risk with long-term loss-prevention solutions, and Chubb describes a dedicated property claims process including on-site inspections by field adjusters and a catastrophe management team. 1Company-reported. Commercial Property product page Risk Consulting and Property Claims sections. | Lockton lists specific property services: detailed review of coverage terms, conditions and policy wordings; retention analysis for deductible selection; exposure and stratification-of-value analysis; catastrophic modeling; preparation of underwriting specifications; and assistance with complex claim recovery. 4Company-reported. Property product page as read 2026-09-23. These are described capabilities, not a guarantee of outcome on any specific account. |
