Source: Carrier website and product data
Chubb: Law Firms Insurance Appetite
Chubb explicitly targets professional services as a focus segment. Chubb's underwriting targets well-established law firms businesses with strong financials and clean loss history. Premium reflects broader coverage and higher carrier financial strength. Practice area is the single biggest premium driver – personal injury and real estate closing firms pay significantly more than corporate/transactional practices
Available Lines
| Line of Business |
|---|
| Business Owners Policy (BOP) |
| General Liability |
| Commercial Property |
| Cyber Liability |
| Employment Practices Liability |
Premium Range
$4,200-$37,500
Typical annual premium
Target States
All 50 states + DC
Key Features
- Chubb Business Owner’s Policy (BOP) covers law 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 legal malpractice insurance with broad prior acts coverage and consent-to-settle clause
- Chubb offers cyber liability protecting attorney-client privileged communications and trust account wire fraud
- Online quoting available – agents can get law firms quotes without calling underwriting
Limitations
- No workers' compensation available – agents need a separate WC carrier for law firms employees
- No professional liability (E&O) available – must be placed with a specialty carrier
- Patent prosecution and IP litigation practices face restricted markets – many standard carriers decline or surcharge
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