Gallagher vs 
Lockton Commercial Property Insurance
Lockton says it can draft its own manuscript property wording; Gallagher's small-business page routes buyers to a standard advisor-inquiry form.
What Is Gallagher?
Gallagher is a business-insurance broker and risk-management consultancy. Its technology practice serves startups through global enterprises, alongside a separate small-business offering for IT professionals and an executive-risk practice covering D&O and transaction-related coverages. Woodruff Sawyer is now part of Gallagher. 1,2,3,4,5
What Is Lockton?
Lockton is a privately held insurance brokerage that arranges commercial risk, employee benefits and retirement programs. US pages describe a technology practice and intermediary placement with insurers, not Lockton as the policy’s insurer. 8,9,10
What Is Commercial Property Insurance?
Commercial property insurance addresses physical business assets, including buildings, equipment, furniture and inventory, subject to the policy’s covered property, causes and terms. 12
Key Differences in Commercial Property Insurance
Standard Wording or Custom Drafting
Gallagher's buildings-and-property page describes coverage in standard terms, paying to repair or replace stolen, lost or damaged property after events like fire or a break-in, without mentioning custom policy wording. 6 Lockton says it can go further, tailoring its own proprietary manuscript property policy to a client's coverage needs.
Lockton says it can tailor its own proprietary manuscript property policy to a client's coverage needs, rather than only placing standard-form property policies. 11Company-reported. Property product page as read 2026-09-23. The manuscript form's actual wording and how it compares to standard forms was not published on this page.
Services Behind the Placement
Gallagher's group-level property practice lists appraisal services and global program placement, described at the practice level. Lockton lists a more detailed set: review of coverage terms and wordings, retention analysis for choosing a deductible, exposure and stratification-of-value analysis, catastrophic modeling, and assistance with complex claim recovery. 7 11
How You Start
Gallagher's page routes buyers to a Connect With An Advisor form asking for company details, business description, coverage interests, employee count and annual revenue. Lockton instead says the same team that meets a client also negotiates commercial property terms directly with underwriters, rather than routing the account through a centralized broking center or an online form. 6 11
What to Confirm in Commercial Property Insurance Quotes
- Ask Lockton whether your policy would use its manuscript wording or a standard market form, and how the two differ for your risk. 11
- Ask Gallagher whether appraisal services or global program placement apply to a small-business account like yours. 7
- Ask Lockton for the stratification-of-value or catastrophic modeling output behind your recommended limit. 11
- Ask Gallagher what information its advisor-inquiry form uses to shape your quote. 6
- Get published limits or the issuing insurer from both; neither reviewed page discloses them. 6 11
Offering Details
Gallagher vs Lockton Commercial Property Insurance: documented features by provider
| Criteria | Gallagher Small Business Building & Property Insurance | Lockton Property Insurance Brokerage |
|---|---|---|
| Role in This Line | Gallagher Small Business arranges building and property insurance with partner carriers rather than underwriting it; its larger property practice separately brokers property programs with underwriters for bigger accounts. 6,7Company-reported. Small-business product page and the group-level property practice page. | Lockton's property team negotiates commercial property placements directly with underwriters rather than through a centralized broking center, and says the same team that meets a client also negotiates with the market on their behalf. 11Company-reported. Property product page as read 2026-09-23. |
| Issuing Insurer | The buildings-and-property product page does not name the insurer that would issue a given business's policy. 6Not publicly disclosed. Checked the buildings-and-property product page on 2026-09-23. | The property page does not name the insurers Lockton places commercial property coverage with; it describes relationships across the global marketplace in general terms only. 11Not publicly disclosed. Property product page checked 2026-09-23. |
| Who It’s For | Gallagher recommends this coverage for businesses that own or rent a building, store or office, own or rent expensive equipment or tools, hold inventory, or depend on other valuable business assets. 6Company-reported. Product page "Do you need Building and Property Coverage?" list; actual acceptance depends on underwriting. | Not described in the reviewed sources. |
| Coverage Features | Gallagher describes building and property coverage as paying to repair or replace stolen, lost or damaged business property, including the building, equipment and store fixtures, after events such as fire, windstorm or a break-in. 6Company-reported. Product page coverage overview; the issued policy and its exclusions control. Gallagher notes that commercial landlords insure their own building but not a tenant's property inside it, and that most small-business lenders require proof of commercial property insurance for the life of a mortgage. 6Company-reported. Product page context; specific lender or landlord requirements vary by lease and loan agreement. | Lockton says it can tailor its own proprietary manuscript property policy to a client's coverage needs, rather than only placing standard-form property policies. 11Company-reported. Property product page as read 2026-09-23. The manuscript form's actual wording and how it compares to standard forms was not published on this page. |
| Limits and Retentions | The buildings-and-property product page does not publish limits, deductibles or premiums; it routes buyers to an advisor inquiry form instead. 6Not publicly disclosed. Checked the buildings-and-property product page on 2026-09-23. | Not described in the reviewed sources. |
| Risk Services | Gallagher's group-level property practice lists appraisal services and global program placement among its property offerings, though these are described at the practice level rather than tied to the small-business product page. 7Company-reported. ajg.com property practice page; not confirmed as included in every small-business placement. | Lockton lists specific property services: detailed review of coverage terms, conditions and policy wordings; retention analysis for deductible selection; exposure and stratification-of-value analysis; catastrophic modeling; preparation of underwriting specifications; and assistance with complex claim recovery. 11Company-reported. Property product page as read 2026-09-23. These are described capabilities, not a guarantee of outcome on any specific account. |
| How to Apply | Gallagher's buildings-and-property page routes buyers to a Connect With An Advisor form asking for company details, business description, additional coverage interests, employee count and annual revenue. 6Company-reported. Product page inquiry form, inspected without submission. | Not described in the reviewed sources. |
Full Comparison
More Gallagher vs Lockton Comparisons
Other Commercial Property Insurance Comparisons
Sources
Gallagher
- Technology Insurance. Gallagher; Introduction; Solutions and coverages for the technology industry: Technology errors and omissions including cyber, Intellectual property insurance, Product liability, Employee benefits; Data-driven insights; global network. Accessed 2026-09-16.
- Insurance for Technology & IT Businesses. Gallagher Small Business; Protection for IT Professionals & Their Technology-Based Businesses; recommended coverage menu, including Surety Bond Programs; Connect With An Advisor. Accessed 2026-09-16.
- Executive and Financial Risk Insurance. Gallagher; Opening (insurance broking and placement); three key services; Directors and Officers; IPO and direct listings; Employment Practices; Fiduciary; Employee Dishonesty (Crime) and Fidelity Bond; Kidnap, Ransom and Extortion; M&A Transactional Insurance. Accessed 2026-09-16.
- Legal Information. Gallagher Small Business; Producer identification immediately above Quick Links. Accessed 2026-09-16.
- Woodruff Sawyer Is Now Gallagher. Gallagher; Opening; Executive and Financial Risk consulting; Continued access to client portals; contact form. Accessed 2026-09-16.
- Buildings and Property. Gallagher Small Business; Coverage Overview; Do you need Building and Property Coverage?; Connect With An Advisor form, including Additional Coverage Areas checklist. Accessed 2026-09-23.
- Property Insurance. Gallagher; Introduction on building property programs with underwriters; Our services include: Builder's risk, Boiler and machinery; global reach; Appraisal services. Accessed 2026-09-16.
Lockton
- Lockton United States. Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
- Technology. Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
- US Terms of Business. Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
- Property Insurance. Lockton; Protecting your assets intro; You benefit from our expertise: detailed review of coverage terms and conditions, retention analysis, exposure and stratification-of-value analyses, catastrophic modeling, tailoring Lockton's proprietary manuscript property policy, assistance with complex claim recovery. Accessed 2026-09-23.
Commercial Property Insurance Guide
- Business Interruption Insurance/Businessowner’s Policies (BOP). National Association of Insurance Commissioners; Background; Commercial Property and Business Interruption bullets. Accessed 2026-09-16.
