---
title: "Chubb vs Lockton: Representations and Warranties Insurance"
description: "Chubb writes buyer- and seller-side R&W itself, paying losses and defense costs above a retention for unknown, unintentional breaches; Lockton is a broker whose team of former M&A lawyers places RWI to replace or reduce seller indemnity and escrow, with 24/7 deal coverage and claims experts after closing."
canonical: "https://spot.insure/compare/chubb-vs-lockton/representations-warranties"
page-type: "line-comparison"
updated-at: "2026-09-25"
comparison-pair: "chubb-vs-lockton"
provider-a: "chubb"
provider-b: "lockton"
coverage-line: "representations-warranties"
---

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[Human-readable page](https://spot.insure/compare/chubb-vs-lockton/representations-warranties)

## Agent Guide

**What this page is:** Focused comparison of Chubb and Lockton for Representations and Warranties Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for Representations and Warranties Insurance questions about Chubb versus Lockton. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- Chubb vs Lockton for Representations and Warranties Insurance: how do they differ?
- Which is better for Representations and Warranties Insurance, Chubb or Lockton?
- What does Chubb or Lockton publish about Representations and Warranties Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: Representations and Warranties Insurance. Providers: Chubb and Lockton.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-25.

**Related pages:**
- [Chubb vs Lockton](https://spot.insure/compare/chubb-vs-lockton) — all coverage lines for this pair
- [Representations and Warranties Insurance guide](https://spot.insure/coverage/representations-warranties) — how this coverage works
- [Chubb profile](https://spot.insure/insurance-providers/chubb) — provider profile
- [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile

# Chubb vs Lockton: How Do They Compare for Representations and Warranties Insurance?

Chubb underwrites R&W directly and serves large U.S. and Canadian multinational companies and their brokers; Lockton places RWI instead, with former M&A lawyers and dedicated claims experts after binding.

Chubb writes buyer- and seller-side R&W itself, including cover for defense costs above a retention, while Lockton is a broker whose former M&A lawyers place RWI and stay on for claims after closing.

## Chubb vs Lockton Representations and Warranties Insurance Summary

Chubb writes buyer- and seller-side R&W itself, paying losses and defense costs above a retention for unknown, unintentional breaches; Lockton is a broker whose team of former M&A lawyers places RWI to replace or reduce seller indemnity and escrow, with 24/7 deal coverage and claims experts after closing. [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA")

## What Are the Key Differences Between Chubb and Lockton Representations and Warranties Insurance?

### Direct Insurer vs Broker Team of Former M&A Lawyers

Chubb writes R&W itself and pays financial losses, including defense costs, above a retention for certain unintentional and unknown breaches of the seller's representations. Lockton's RWI practice is a broker staffed by former M&A lawyers and transaction advisors, with a Partner/Associate model and 24/7 coverage on every deal, and doesn't name the insurers it uses. Lockton says dedicated transaction-liability claims experts stay involved after binding; Chubb's page doesn't describe a separate post-bind claims team. Choose Chubb if your counsel wants to deal directly with one insurer; choose Lockton if you want deal lawyers comparing insurers and backing you if a breach claim arises. [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA")

### Seller Exit and Auction Benefits Framed Differently

Lockton says RWI replaces or bolsters seller indemnity or escrow. For sellers, that means faster proceeds, less post-closing exposure and no personal guarantee; for buyers, broader protection, faster negotiation and no conflict when the seller stays in the business. Chubb stresses buyer-side advantages in auctions and in collecting on a claim, and seller-side cover for funds at the end of their life and minority sellers. [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")

## What Should You Confirm in Chubb and Lockton Representations and Warranties Insurance Quotes?

- Ask Lockton which insurer would issue the RWI policy, and ask Chubb which Chubb company issues its policy. [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")
- Ask whether the policy replaces escrow or sits above a retention alongside remaining seller indemnity. [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance")
- Ask Lockton who receives claims notice and who advocates for you after a breach allegation. [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA")
- Compare limit, retention and whether defense costs reduce the limit. [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA")

## Chubb vs Lockton Representations and Warranties Insurance Compared

| Criteria | Chubb Representations and Warranties (R&W) Insurance | Lockton Representations & Warranties Insurance (RWI) |
| --- | --- | --- |
| Who It’s For | Chubb's R&W product is part of its broader transactional risk suite serving large U.S. and Canadian multinational companies and their brokers; the reviewed pages do not state a minimum deal size for R&W specifically. [2](https://www.chubb.com/us-en/business-insurance/multinational-for-large-companies.html "Multinational Insurance Coverage and Solutions for Large Accounts") (Evidence: Company-reported; scope: Multinational large-accounts page Specialty Coverage list; R&W page does not itself state deal-size eligibility..) | Lockton frames RWI benefits separately for sellers (faster access to sale proceeds, reduced post-closing exposure, avoiding a guarantee) and buyers (broader protection, faster negotiation, avoiding conflicts in deals with meaningful seller participation), meaning both sides of an M&A transaction are the intended buyers of the product. [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23..) |
| Coverage Features | Chubb says the policy protects against financial losses, including defense costs, in excess of a retention, for certain unintentional and unknown breaches of the seller's representations and warranties made in the acquisition or merger agreement. [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: R&W Insurance product page opening description and footnote..)<br><br>For buyer-side policies, Chubb lists benefits including protection beyond the negotiated indemnity cap and survival limitations, protection against a seller's collectability or solvency risk, and support for distinguishing a bid in a competitive auction by requiring shorter survival periods and lower liability caps from the seller. [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: Benefits of a Buyer-Side R&W Insurance Policy section..)<br><br>For seller-side policies, Chubb says the coverage backstops negotiated indemnity obligations, which it calls a key benefit for private equity or venture capital funds at the end of their life cycle, and protects minority or passive sellers concerned about joint and several liability. [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: Benefits of a Seller-Side R&W Insurance Policy section..) | Lockton describes RWI as a policy used to replace or bolster a seller indemnity or escrow in an M&A transaction, under which an insurer indemnifies the buyer for losses from an unknown breach of a representation or warranty in the deal agreement. [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy..) |
| Role in This Line | Chubb underwrites representations and warranties (R&W) insurance directly, available to either buyers or sellers in an acquisition or merger transaction. [1](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html "Representations and Warranties (R&W) Insurance") (Evidence: Company-reported; scope: R&W Insurance product page..) | Lockton's RWI Practice is staffed with former M&A lawyers and transaction advisors who Lockton says use a Partner/Associate model on every deal to provide 24/7 coverage; Lockton places RWI policies rather than underwriting them. [3](https://global.lockton.com/us/en/products-services/representation-warranties-insurance "Representations & Warranties Insurance | Lockton USA") (Evidence: Company-reported; scope: RWI product page as read 2026-09-23..) |

## About Chubb and Lockton and Representations and Warranties Insurance

- [Chubb company profile](https://spot.insure/insurance-providers/chubb) · [Chubb customer reviews](https://spot.insure/insurance-providers/chubb/reviews)
- [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews)
- [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties)

## Related Pages for Chubb vs Lockton Representations and Warranties

- [Chubb vs Lockton](https://spot.insure/compare/chubb-vs-lockton): all coverage lines, business roles, service and claims.
- [What Is Representations and Warranties Insurance?](https://spot.insure/coverage/representations-warranties): Representations and warranties insurance can cover loss from inaccurate statements in a business purchase agreement; known issues and purchase-price disputes require separate review.
- [Chubb Representations and Warranties Insurance](https://spot.insure/insurance-providers/chubb/representations-warranties)
- [Lockton Representations and Warranties Insurance](https://spot.insure/insurance-providers/lockton/representations-warranties)

## Sources for Chubb vs Lockton Representations and Warranties Insurance

### Sources About Chubb

1. [Representations and Warranties (R&W) Insurance](https://www.chubb.com/us-en/business-insurance/transactional-risks-representations-warranties-insurance.html). Chubb; R&W Policy Highlights; Benefits of a Buyer-Side R&W Insurance Policy; Benefits of a Seller-Side R&W Insurance Policy. Accessed 2026-09-23.
2. [Multinational Insurance Coverage and Solutions for Large Accounts](https://www.chubb.com/us-en/business-insurance/multinational-for-large-companies.html). Chubb; Specialty Coverage list: Representations & Warranties named among specialty coverages for large US and Canadian multinational companies. Accessed 2026-09-23.

### Sources About Lockton

3. [Representations & Warranties Insurance | Lockton USA](https://global.lockton.com/us/en/products-services/representation-warranties-insurance). Lockton; The Certain Solution for Transactional Risk; Why clients consider RWI versus traditional indemnity; Seller/Buyer benefits; Claims. Accessed 2026-09-23.

Updated 2026-09-25. 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.

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