Chubb vs Lockton: Cargo and Transit Insurance

Lockton is the broker placing cargo in transit, warehouseman's legal liability and perishable-goods deterioration through a contact form; Chubb underwrites worldwide ocean cargo directly, with nearly 400 risk engineers.

Embarcadero Risk brings together source-based comparisons for businesses moving people and goods.Research updated 2026-09-25

Chubb fits importers and exporters needing stated ocean, air, warehouse or war-risk terms; Lockton fits businesses assembling motor-truck cargo, warehouse, perishable-goods, stock-throughput or war-risk cover.

What Are the Key Differences Between Chubb and Lockton Cargo and Transit Insurance?

Chubb publishes specific ocean, air, inland, warehouse and war/strikes grants; Lockton offers a broader placement menu, including motor-truck cargo and perishable deterioration, but its list is not a specimen policy. Choose Chubb if you need explicit worldwide transit, warehousing or war-risk terms; choose Lockton if your cargo program also needs truck, warehouse or perishable-goods placements. [3] [6]

Choose Specific Cargo Grants or Broader Options

Chubb underwrites worldwide ocean cargo insurance as the carrier. Lockton’s Cargo & Logistics team places marine and cargo coverage for companies that ship goods; it is the broker arranging cover, not the insurer, and neither reviewed Lockton page names the marine carriers used. [3] [6] [7]

Policy Grants Versus Placement Menu

Chubb lists international ocean and air transit, domestic U.S. and Canada transit, foreign inland transit including local admitted policies, warehousing, barge movement, and war, strikes, riots and civil commotion as coverage details on its product. Lockton lists cargo in transit, motor truck cargo, warehouseman’s legal liability, stock throughput, deterioration of perishable goods, and war, strikes and terrorism risk as areas it can help place—a capability list, not a specimen policy. [3] [6]

Agent Submission Versus Inquiry Form

Chubb’s new ocean cargo business is submitted by agents to a local mailbox, with nearly 400 in-house risk engineers and a Risk Engineering Center. Lockton’s Cargo & Logistics page routes buyers to a contact form rather than a self-serve quote. Chubb’s page does not describe a public inquiry form as the start of placement. [3] [6]

What Should You Confirm in Chubb and Lockton Cargo and Transit Insurance Quotes?

  • Ask Chubb whether warehousing and war/strikes are included. [3]
  • Ask Lockton which listed capabilities are actually being marketed and which insurer it would approach. [6]
  • Confirm perishable deterioration and warehouseman’s legal liability, which Lockton lists and Chubb’s ocean cargo page does not name as separate products. [6] [3]
  • Get limits from both; neither page publishes dollar figures. [3] [6]

Coverage topics

Chubb

  • role: Chubb underwrites worldwide ocean cargo insurance directly, covering goods shipped internationally as well as transit within a country and at storage locations. Worldwide Ocean Cargo Insurance product page.company-reportedSource ↗
  • eligibility: Chubb says it serves exporters, importers, manufacturers, logistics companies, and businesses that ship unusual or distinctive products. Who we serve section.company-reportedSource ↗
  • coverage: Chubb lists coverage for international ocean and air transit, domestic transit within the U.S. and Canada, foreign inland transit including local admitted policies, domestic and foreign warehousing, barge and connecting-conveyance movement, and war, strikes, riots and civil commotion risks. Coverage Details list; subject to the policy as issued.company-reportedSource ↗
  • limits: The reviewed page does not publish specific coverage limits or deductibles for ocean cargo insurance. Worldwide Ocean Cargo Insurance product page as read on 2026-09-23.not-foundSource ↗
  • services: Chubb says its in-house network of nearly 400 risk engineers globally helps companies anticipate and minimize cargo-related exposures, and it operates a Risk Engineering Center for loss-prevention education. Chubb Risk Consulting Services and Risk Engineering Center sections.company-reportedSource ↗
  • application: For new ocean cargo business, agents submit a Chubb application to the local mailbox where they submit other Chubb business. FAQ section: "How do agents submit an Ocean Cargo quote?"company-reportedSource ↗

Lockton

  • role: Lockton's Cargo & Logistics team places marine and cargo coverage for companies that ship goods; it sits alongside auto, general/product liability, umbrella and workers' compensation under Lockton's broader Casualty Insurance Solutions. Lockton is the broker arranging this coverage, not the insurer. Cargo & Logistics and Casualty product pages, U.S. site, as read 2026-09-23.company-reportedSource ↗Source ↗
  • coverage: Lockton lists cargo and marine coverage areas it can help place, including cargo in transit, motor truck cargo, warehouseman's legal liability, stock throughput, deterioration of perishable goods, and war, strikes and terrorism risk. This is a capability list, not a specimen policy; actual terms depend on the placing insurer. Cargo & Logistics product page as read 2026-09-23. Not a summary of any one policy form.company-reportedSource ↗
  • insurer: Neither page names the marine or cargo insurers Lockton places coverage with. The carrier depends on the specific placement. Cargo & Logistics and Casualty pages checked 2026-09-23.not-disclosedSource ↗Source ↗
  • application: Public engagement starts as an inquiry: the Cargo & Logistics page routes buyers to a contact form rather than a self-serve quote or bind flow. Cargo & Logistics page as read 2026-09-23. No online quote tool was found for this line.company-reportedSource ↗

Source material

  1. 01
    Motor Truck Cargo Legal Liability Coverage

    American Association of Insurance Services, Inc.; hosted by National Unity · Coverage and Property Covered pp.1–2; Perils Excluded pp.6–7; Valuation p.8; How Much We Pay p.9; Transit definition p.13 · accessed 2026-09-16

  2. 02
    Commercial Insurance Guide

    California Department of Insurance · Commercial Property; Inland Marine; What Should I Expect from a Broker-Agent · accessed 2026-09-16

  3. 03
    Worldwide Ocean Cargo Insurance

    Chubb · Coverage Details list: international steamer and air transit, domestic transit, foreign inland transit, warehousing, barge, war/strikes/riots; Who we serve; agent submission FAQ · accessed 2026-09-23

  4. 04
    Shipping Options

    International Trade Administration, U.S. Department of Commerce · Export Shipping Basics; Tips on International Shipping from U.S.; Working with Freight Forwarders · accessed 2026-09-16

  5. 05
    Special Documents

    International Trade Administration, U.S. Department of Commerce · Insurance Certificate bullet · accessed 2026-09-16

  6. 06
    Cargo & Logistics

    Lockton · Risk management challenges intro; Wide array of experience: list of marine and cargo coverage areas (guaranteed outturn, bailees liability, motor truck cargo, carrier's legal liability, stock throughput, war and strikes risk, and more) · accessed 2026-09-23

  7. 07
    Casualty Insurance

    Lockton · Casualty Insurance Solutions list: Auto, Cargo, General & Product Liability, Umbrella & Excess Liability, Workers' Compensation; dedicated service team paragraph · accessed 2026-09-23

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