HUB International vs 
Lockton: How Do They Compare for Commercial Property Insurance?
HUB International can structure layered, parametric or captive property programs; Lockton brokers directly with underwriters and can tailor manuscript wording after exposure analysis.
Lockton says it can tailor a proprietary manuscript property policy and negotiates directly with underwriters, while HUB describes structuring property programs as traditional, layered, parametric, captive or reinsurance arrangements. 2,1
What Are the Key Differences Between HUB International and Lockton Commercial Property Insurance?
Policy Form: Custom Wording or Program Structure
Lockton describes a distinct capability: tailoring its own proprietary policy wording rather than only placing standard forms.
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.
HUB's page instead describes structuring how a placement is arranged — traditional, layered, parametric, captive or reinsurance — using standard-form coverage components such as building structure, business personal property, business interruption and equipment breakdown. 1
How Each Broker Describes Its Negotiation Role
Lockton says its property team negotiates directly with underwriters, with the same team that meets a client also negotiating with the market on their behalf, rather than routing through a centralized broking center. 2 HUB's page describes connecting prospects with a broker or specialist advisor through its contact portal, without describing whether the same team both meets clients and negotiates placements. 1
Value and Risk-Analysis Services
Lockton lists retention analysis for deductible selection, exposure and stratification-of-value analysis, catastrophic modeling, and assistance with complex claim recovery. 2 HUB explains insurance-to-value to help clients avoid coinsurance penalties or reduced claim payouts, framed around program structure rather than claim recovery. 1
What Should You Confirm in HUB International and Lockton Commercial Property Insurance Quotes?
- Ask Lockton whether a manuscript policy applies to your account or whether you'd receive a standard-form placement, and how its wording compares to market-standard forms. 2
- Ask HUB which program structure fits your risk and whether parametric or captive options apply to your account. 1
- Get the issuing insurer from both; neither reviewed page names one. 2 1
- Ask both for published limits or deductibles, since neither discloses them.
HUB International vs Lockton Commercial Property Insurance Compared
HUB International vs Lockton: Commercial Property Insurance: documented features by provider
| Criteria | HUB International Commercial Property Insurance Brokerage | Lockton Property Insurance Brokerage |
|---|---|---|
| Coverage Features | HUB lists coverage components including building structure protection, business personal property (equipment, furniture and inventory), business interruption and contingent business interruption, equipment breakdown, and natural catastrophe perils such as wind, hail and fire, noting that named-storm availability varies. 1Company-reported. Product-page coverage list; the issued policy and its exclusions control an actual claim. | 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 | HUB brokers commercial property insurance and structures placement programs for clients rather than underwriting the coverage itself. 1Company-reported. Commercial property product page as read 2026-09-23; the page does not name an issuing insurer. | 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 | HUB says it can structure commercial property programs as traditional single-carrier placements, layered programs, parametric insurance that pays on a predefined trigger such as a wind-speed threshold, or captive and reinsurance solutions, and explains insurance-to-value to help clients avoid coinsurance penalties or reduced claim payouts. 1Company-reported. Product-page program-structure and advisory description; a company-reported service capability. | 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. |
