Chubb: Accounting Firms Insurance Appetite

Chubb explicitly targets professional services as a focus segment. Chubb's underwriting targets well-established accounting firms businesses with strong financials and clean loss history. Premium reflects broader coverage and higher carrier financial strength. E&O limits should match the largest engagement – a $500K audit opinion exposure needs at least $500K in E&O limits

Available Lines

Line of Business
Business Owners Policy (BOP)
General Liability
Commercial Property
Cyber Liability

Premium Range

$2,800-$22,500

Typical annual premium

Target States

All 50 states + DC

Key Features

Chubb Business Owner’s Policy (BOP) covers accounting firms operations with Property enhancements (automatic blanket limit), Liability enhancements (broad named insured, blanket additional insureds), Privacy and data breach
The ForeFront Portfolio adds data breach response, notification costs, and regulatory defense coverage
Chubb offers professional liability (E&O) with prior acts coverage for claims arising from past work
Chubb offers cyber liability protecting client financial data (SSNs, bank accounts, tax records)
Online quoting available – agents can get accounting firms quotes without calling underwriting

Limitations

No workers' compensation available – agents need a separate WC carrier for accounting firms employees
No professional liability (E&O) available – must be placed with a specialty carrier
Investment advisory services and securities work require separate financial services E&O – not covered under accounting E&O

Compare Other Carriers for Accounting Firms

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