Heffernan Insurance Brokers vs 
Lockton: How Do They Compare for Commercial Property Insurance?
Heffernan Insurance Brokers offers claims, loss-control and risk-management services; Lockton brokers directly with underwriters and can tailor manuscript property wording.
Heffernan's business-insurance page mentions commercial property as one basic coverage among several, without dedicated services. Lockton lists specific property services, including retention analysis and catastrophic modeling, and can tailor its own manuscript property policy. 1,2
What Are the Key Differences Between Heffernan Insurance Brokers and Lockton Commercial Property Insurance?
Service Depth
A Heffernan buyer must ask the broker which dedicated property services, if any, apply to the account. 1 Lockton lists specific property services, including retention analysis for deductible selection, exposure and stratification-of-value analysis, and catastrophic modeling. 2
Policy Form
Heffernan's reviewed pages don't describe custom policy language for property. 1 Lockton says it can tailor its own proprietary form:
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. 2Company-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.
Negotiation
Heffernan's page directs buyers to contact the brokerage generally about what it can do for their business. 1 Lockton says the same team that meets with a client also negotiates the placement directly with underwriters, rather than through a centralized broking center. 2
What Should You Confirm in Heffernan Insurance Brokers and Lockton Commercial Property Insurance Quotes?
- Ask Lockton what its manuscript property policy actually changes compared to a standard-form policy for your risk. 2
- Ask Heffernan for the specific insuring agreements behind its single-line property mention. 1
- Confirm which services, like retention or stratification-of-value analysis, Lockton would perform for an account your size. 2
- Get an issuing insurer and published limits from both; neither names them on the reviewed pages. 1 2
- Ask Heffernan whether its risk-management and assessment services extend to complex or high-value property risk. 1
Heffernan Insurance Brokers vs Lockton Commercial Property Compared
Heffernan Insurance Brokers vs Lockton: Commercial Property Insurance: documented features by provider
| Criteria | Heffernan Commercial Property Insurance Brokerage | Lockton Property Insurance Brokerage |
|---|---|---|
| Coverage Features | The business insurance page lists commercial property as one of the basic coverages Heffernan can provide, without describing specific insuring agreements, limits or exclusions for the line. 1Company-reported. Business Insurance page's basic-coverages list, a single-line mention. | 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. 2Company-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. |
| Role in This Line | Heffernan lists commercial property insurance among the basic business-insurance coverages it arranges, alongside general liability, commercial auto and workers' compensation. As a broker, it places this coverage with insurance carriers rather than underwriting it itself. 1Company-reported. Business Insurance page's basic-coverages list. | 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. 2Company-reported. Property product page as read 2026-09-23. |
| Risk Services | Heffernan says clients arranging its business insurance coverages, including commercial property, get access to its claims services, loss control, HR consulting, and risk management and assessment services. For buyers focused on total cost of risk, it also describes loss-sensitive and alternative risk arrangements such as self-insurance, large deductibles and captive insurance. 1Company-reported. Business Insurance page's services and alternative-risk paragraphs, described at the whole business-insurance-program level rather than specific to commercial property. | 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. 2Company-reported. Property product page as read 2026-09-23. These are described capabilities, not a guarantee of outcome on any specific account. |
