What Are the Key Differences Between Chubb and Lockton General Liability Insurance?
Built for Small Businesses vs Complex Global Programs
Chubb lists more than 500 business classes and sells general liability through packages including BOP, Benchmarq, Customarq and GL Plus. [2] Lockton’s general liability offering is aimed at global manufacturers, B2B service providers, REITs, contractors and healthcare companies, with custom programs assembled from insurers across the global market. [9] Choose Chubb if your business has up to $30 million in revenue and fits its package classes; choose Lockton if you are a global manufacturer, REIT or other large commercial buyer that needs a custom program.
Packaged Products vs Custom Casualty Design
With Chubb, you select among its own packages; Lockton designs the program and can coordinate general liability with environmental impairment, medical malpractice and product recall coverage. [2] [9]
Risk and Claims Support
Chubb offers Risk Consulting and casualty claims services to package policyholders. [3] Lockton says clients keep a dedicated service team through the placement process. [8]
What Should You Confirm in Chubb and Lockton General Liability Insurance Quotes?
- Confirm that your revenue and business class fit Chubb’s stated $30 million and 500-plus-class range. [2]
- Ask Lockton which insurers it proposes for your program and who will handle claims. [9]
- Request the available general liability limits from both; the reviewed pages do not publish standard limits. [2] [9]
- Ask whether Lockton prices related casualty coverages together with general liability or separately. [9]