Chubb vs 
Marsh: How Do They Compare for Builders Risk Insurance?
Marsh places builders risk through its Marsh McLennan Agency property practice, advisor-led; Chubb underwrites it directly for contractors, developers and homebuilders, including delay-in-opening.
Chubb offers individual-project and master policies with delay-in-opening cover; Marsh McLennan Agency places builders risk within a property practice covering buildings under construction. 1,2
What Are the Key Differences Between Chubb and Marsh Builders Risk Insurance?
Who Writes the Policy
MMA describes builders risk as coverage for buildings under construction within its broader property practice. Chubb’s builders-risk offering specifically lists individual-project and master programs, plus delay-in-opening coverage. 1 2
What Delay and Soft Costs Look Like
Chubb lists delay-in-opening and asks for a soft-cost breakdown, pro forma and period of indemnity when that cover is requested. MMA’s builders’ risk subsection talks about a building under construction—additions, foundations, temporary structures and materials—but does not describe delay-in-opening as a named option. You would need the MMA quote to see whether time-element cover is even on the form. 1 2
Materials and Who Owns Them
MMA says coverage can include, on a limited basis, materials and supplies belonging to others as well as those the insured owns. Chubb’s reviewed page names physical-damage and related program types but does not spell out that “others’ materials” treatment. A quote should show whether suppliers’ or subcontractors’ goods on site are insured. 2 1
How You Start a Submission
Chubb wants a project description, statement of values, locations, limits and coverage requirements. MMA says you work with a property specialist and names a National Accounts Property Practice Leader; it does not describe an online quote. The Chubb path is a documented underwriting file; the MMA path is an advisor-led placement. 1 2
What Should You Confirm in Chubb and Marsh Builders Risk Insurance Quotes?
- Ask Chubb whether delay-in-opening is on the quote, and ask MMA which insurer would issue the layer. 1 2
- Check how each form treats materials belonging to others. 2 1
- Ask whether MMA’s property-practice modeling and claims advocacy attach to this job, and whether Chubb’s loss-control is bundled or unbundled. 2 1
- Get written limits; neither reviewed page publishes dollar figures. 1 2
Chubb vs Marsh Builders Risk Insurance Compared
Chubb vs Marsh: Builders Risk Insurance: documented features by provider
| Criteria | Chubb Builders' Risk Insurance | Marsh McLennan Agency Builders' Risk Insurance |
|---|---|---|
| How to Apply | Chubb says submissions should include a project description, statement of values, locations, limits and coverage requirements, plus a breakdown of soft costs, pro forma and period of indemnity if delay-in-opening coverage is requested. 1Company-reported. Submission requirements section. | You work with an MMA property specialist directly; the page names a National Accounts Property Practice Leader and describes advisor-led placement rather than an online quote. 2Company-reported. MMA property insurance page. |
| Coverage Features | Chubb offers Individual Project Builders Risk and Master Programs, difference-in-conditions coverage for selected construction projects, both physical-damage and delay-in-opening coverage, International Builders Risk for U.S. domestic clients, a portfolio of green endorsements, and contract-penalty coverage tied to a covered physical-damage loss. 1Company-reported. Coverage list; subject to the policy as issued. | MMA says builders' risk coverage addresses risks unique to a building under construction, including additions and alterations, foundations, temporary structures, and materials and supplies owned by the insured, and on a limited basis, materials and supplies belonging to others. 2Company-reported. MMA property insurance page; illustrative description, not a specific policy form. |
| Role in This Line | Chubb underwrites builders' risk insurance directly for commercial and residential contractors and for engineering construction such as bridges and tunnels. 1Company-reported. Builders' Risk Insurance product page. | Marsh McLennan Agency (MMA), Marsh's middle-market subsidiary, places builders' risk insurance as part of its broader property insurance practice, not as a separately branded product. 2Company-reported. MMA property insurance page, Builders' Risk subsection. |
| Risk Services | Chubb offers loss-control and risk-consulting services on both a bundled and unbundled basis, with underwriters averaging more than 20 years of builders-risk experience. 1Company-reported. Coverage list Benefits section. | MMA says its property practice offers hazard assessment and valuation services, loss and catastrophe modeling, claims advocacy, pre- and post-loss risk control, and program design expertise drawn from its global market experience. 2Company-reported. MMA property insurance page, Benefits of Property Insurance and Builders' Risk sections; these services are described for the property practice generally, not exclusively for builders' risk. |
