What Are the Key Differences Between Chubb and Heffernan Insurance Brokers Business Owner’s Policy?
Which One Fits Your Size and Industry
Heffernan uses the SBA test: fewer than 500 employees or under $7 million in annual receipts, across sectors from construction and food to hospitality, real estate and transportation. Chubb goes higher, to $30 million in revenue, and names technology, healthcare, retail, manufacturing and financial services. A $15 million manufacturer is past Heffernan’s published range but inside Chubb’s. Choose Chubb if you’re above $7 million in receipts or want the insurer itself; choose Heffernan if you’re smaller or in a niche Chubb doesn’t name. [1] [5]
Who You Deal With
Chubb underwrites the BOP itself, so the company quoting you is the one paying claims. Heffernan places your BOP with carriers and doesn’t say which ones, so you’ll learn the insurer only when the quote arrives. [1] [5]
Add-Ons You Can Get
Chubb publishes the longer menu: privacy and data breach, EPL, foreign liability with kidnap and ransom, equipment breakdown, water backup and crime, plus a Total Account Solution to bundle other Chubb lines. Heffernan names no equivalent add-ons; it offers to research and build a package instead. If you need a specific add-on, Chubb shows it up front. [1] [5]
What Should You Confirm in Chubb and Heffernan Insurance Brokers Business Owner’s Policy Quotes?
- If your receipts exceed $7 million, ask Heffernan how it would place you. [5]
- Ask Heffernan which insurer issues the policy. [5]
- Ask Chubb which add-ons are available in your state and industry. [1]
- Ask Heffernan which endorsements its placement includes. [5]
- Compare limits, deductibles, sublimits, exclusions and fees side by side. [1] [5]
