---
title: "Gallagher vs Lockton Commercial Property Insurance"
description: "Lockton says it can draft its own manuscript property wording; Gallagher's small-business page routes buyers to a standard advisor-inquiry form."
canonical: "https://spot.insure/compare/gallagher-vs-lockton/commercial-property"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# 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.

## Research Scope and Use

Use this comparison to evaluate Gallagher and Lockton for Commercial Property Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

Lockton says it can tailor its own proprietary manuscript property policy to a client's coverage needs. Gallagher's small-business buildings-and-property page instead routes buyers to a Connect With An Advisor form without describing custom policy wording. [11](https://global.lockton.com/us/en/products-services/property "Property Insurance") [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property")

## 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](https://www.ajg.com/industries/technology-insurance/ "Technology Insurance") [2](https://www.gallaghersmallbusiness.com/technology-services/ "Insurance for Technology & IT Businesses") [3](https://www.ajg.com/insurance/executive-and-financial-risk-insurance/ "Executive and Financial Risk Insurance") [4](https://www.gallaghersmallbusiness.com/legal-information/ "Legal Information") [5](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/ "Woodruff Sawyer Is Now Gallagher")

[Gallagher profile](https://spot.insure/insurance-providers/gallagher)

## 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](https://global.lockton.com/us/en "Lockton United States") [9](https://global.lockton.com/us/en/technology "Technology") [10](https://global.lockton.com/us/en/terms-of-business "US Terms of Business")

[Lockton profile](https://spot.insure/insurance-providers/lockton)

## 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](https://content.naic.org/cipr-topics/business-interruptionbusinessowners-policies-bop "Business Interruption Insurance/Businessowner’s Policies (BOP)")

## 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](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") 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. [11](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Company-reported; scope: 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](https://www.ajg.com/insurance/property-insurance/ "Property Insurance") [11](https://global.lockton.com/us/en/products-services/property "Property Insurance")

### 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](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") [11](https://global.lockton.com/us/en/products-services/property "Property Insurance")

## 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](https://global.lockton.com/us/en/products-services/property "Property Insurance")
- Ask Gallagher whether appraisal services or global program placement apply to a small-business account like yours. [7](https://www.ajg.com/insurance/property-insurance/ "Property Insurance")
- Ask Lockton for the stratification-of-value or catastrophic modeling output behind your recommended limit. [11](https://global.lockton.com/us/en/products-services/property "Property Insurance")
- Ask Gallagher what information its advisor-inquiry form uses to shape your quote. [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property")
- Get published limits or the issuing insurer from both; neither reviewed page discloses them. [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") [11](https://global.lockton.com/us/en/products-services/property "Property Insurance")

## Offering Details

| 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](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") [7](https://www.ajg.com/insurance/property-insurance/ "Property Insurance") (Evidence: Company-reported; scope: 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. [11](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Company-reported; scope: 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. [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") (Evidence: Not publicly disclosed; scope: 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. [11](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Not publicly disclosed; scope: 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. [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") (Evidence: Company-reported; scope: 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. [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") (Evidence: Company-reported; scope: Product page coverage overview; the issued policy and its exclusions control..)<br><br>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. [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") (Evidence: Company-reported; scope: 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. [11](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Company-reported; scope: 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. [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") (Evidence: Not publicly disclosed; scope: 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. [7](https://www.ajg.com/insurance/property-insurance/ "Property Insurance") (Evidence: Company-reported; scope: 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. [11](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Company-reported; scope: 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. [6](https://www.gallaghersmallbusiness.com/insurance-products/buildings-and-property/ "Buildings and Property") (Evidence: Company-reported; scope: Product page inquiry form, inspected without submission..) | Not described in the reviewed sources. |

## Full Comparison

- [Gallagher vs Lockton](https://spot.insure/compare/gallagher-vs-lockton): all coverage lines, business roles, service and claims.
- [What Is Commercial Property Insurance?](https://spot.insure/coverage/commercial-property): Commercial property insurance can help repair or replace your building, equipment and stock after a covered loss.
- [Gallagher vs Lockton Crime Insurance](https://spot.insure/compare/gallagher-vs-lockton/crime)
- [Gallagher vs Lockton Cyber Insurance](https://spot.insure/compare/gallagher-vs-lockton/cyber)
- [Gallagher vs Lockton D&O Insurance](https://spot.insure/compare/gallagher-vs-lockton/directors-officers)
- [Gallagher vs Lockton Employee Health Benefits](https://spot.insure/compare/gallagher-vs-lockton/employee-health-benefits)
- [Gallagher vs Lockton Employment Practices Liability Insurance](https://spot.insure/compare/gallagher-vs-lockton/employment-practices)
- [Gallagher vs Lockton Fiduciary Liability Insurance](https://spot.insure/compare/gallagher-vs-lockton/fiduciary)
- [Gallagher vs Lockton General Liability Insurance](https://spot.insure/compare/gallagher-vs-lockton/general-liability)
- [Gallagher vs Lockton Representations and Warranties Insurance](https://spot.insure/compare/gallagher-vs-lockton/representations-warranties)
- [Gallagher vs Lockton Surety Bonds](https://spot.insure/compare/gallagher-vs-lockton/surety-bonds)
- [Gallagher vs Lockton Workers’ Compensation Insurance](https://spot.insure/compare/gallagher-vs-lockton/workers-compensation)
- [Alliance Risk vs Gallagher Commercial Property Insurance](https://spot.insure/compare/alliance-risk-vs-gallagher/commercial-property)
- [Alliance Risk vs Lockton Commercial Property Insurance](https://spot.insure/compare/alliance-risk-vs-lockton/commercial-property)
- [Beazley vs Gallagher Commercial Property Insurance](https://spot.insure/compare/beazley-vs-gallagher/commercial-property)
- [Beazley vs Lockton Commercial Property Insurance](https://spot.insure/compare/beazley-vs-lockton/commercial-property)
- [CFC vs Gallagher Commercial Property Insurance](https://spot.insure/compare/cfc-vs-gallagher/commercial-property)
- [CFC vs Lockton Commercial Property Insurance](https://spot.insure/compare/cfc-vs-lockton/commercial-property)

## Sources

### Gallagher

1. [Technology Insurance](https://www.ajg.com/industries/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.
2. [Insurance for Technology & IT Businesses](https://www.gallaghersmallbusiness.com/technology-services/). 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.
3. [Executive and Financial Risk Insurance](https://www.ajg.com/insurance/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.
4. [Legal Information](https://www.gallaghersmallbusiness.com/legal-information/). Gallagher Small Business; Producer identification immediately above Quick Links. Accessed 2026-09-16.
5. [Woodruff Sawyer Is Now Gallagher](https://www.ajg.com/merger-partners/woodruff-sawyer-is-now-gallagher/). Gallagher; Opening; Executive and Financial Risk consulting; Continued access to client portals; contact form. Accessed 2026-09-16.
6. [Buildings and Property](https://www.gallaghersmallbusiness.com/insurance-products/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.
7. [Property Insurance](https://www.ajg.com/insurance/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

8. [Lockton United States](https://global.lockton.com/us/en). Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
9. [Technology](https://global.lockton.com/us/en/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.
10. [US Terms of Business](https://global.lockton.com/us/en/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.
11. [Property Insurance](https://global.lockton.com/us/en/products-services/property). 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

12. [Business Interruption Insurance/Businessowner’s Policies (BOP)](https://content.naic.org/cipr-topics/business-interruptionbusinessowners-policies-bop). National Association of Insurance Commissioners; Background; Commercial Property and Business Interruption bullets. Accessed 2026-09-16.

Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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