---
title: "HUB International vs Lockton Commercial Property Insurance"
description: "Lockton offers its own proprietary manuscript property policy; HUB describes structuring placements across traditional, layered and parametric programs."
canonical: "https://spot.insure/compare/hub-international-vs-lockton/commercial-property"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# HUB International vs Lockton Commercial Property Insurance

Lockton offers its own proprietary manuscript property policy; HUB describes structuring placements across traditional, layered and parametric programs.

## Research Scope and Use

Use this comparison to evaluate HUB International 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 a proprietary manuscript property policy and negotiates directly with underwriters, while HUB describes structuring property programs as traditional, layered, parametric, captive or reinsurance arrangements. [8](https://global.lockton.com/us/en/products-services/property "Property Insurance") [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers")

## What Is HUB International?

HUB International is a North American insurance brokerage that arranges business insurance, employee benefits and related risk services through local offices and specialist practices. Smaller commercial accounts may be sent to Insureon for an online quote; other programs are handled by HUB advisors, with policy terms set by the insurers they use. [1](https://www.hubinternational.com/about-us/ "About Us") [2](https://www.hubinternational.com/contact-us/ "Contact Us") [3](https://www.hubinternational.com/industries/technology-company-insurance/ "Insurance for Technology Companies")

[HUB International profile](https://spot.insure/insurance-providers/hub-international)

## 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. [5](https://global.lockton.com/us/en "Lockton United States") [6](https://global.lockton.com/us/en/technology "Technology") [7](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. [9](https://content.naic.org/cipr-topics/business-interruptionbusinessowners-policies-bop "Business Interruption Insurance/Businessowner’s Policies (BOP)")

## Key Differences in 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. [8](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..)

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. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers")

### 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. [8](https://global.lockton.com/us/en/products-services/property "Property Insurance") 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. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers")

### 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. [8](https://global.lockton.com/us/en/products-services/property "Property Insurance") HUB explains insurance-to-value to help clients avoid coinsurance penalties or reduced claim payouts, framed around program structure rather than claim recovery. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers")

## What to Confirm in 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. [8](https://global.lockton.com/us/en/products-services/property "Property Insurance")
- Ask HUB which program structure fits your risk and whether parametric or captive options apply to your account. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers")
- Get the issuing insurer from both; neither reviewed page names one. [8](https://global.lockton.com/us/en/products-services/property "Property Insurance") [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers")
- Ask both for published limits or deductibles, since neither discloses them.

## Offering Details

| Criteria | HUB International Commercial Property Insurance Brokerage | Lockton Property Insurance Brokerage |
| --- | --- | --- |
| Role in This Line | HUB brokers commercial property insurance and structures placement programs for clients rather than underwriting the coverage itself. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers") (Evidence: Company-reported; scope: 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. [8](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 commercial property page does not name an issuing insurer; HUB places property business with carriers that vary by client and program structure. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers") (Evidence: Not found in reviewed sources; scope: Checked the commercial property product page on 2026-09-23; no carrier is disclosed there..) | 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. [8](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 | HUB says commercial property coverage availability spans agribusiness, construction, education, energy, financial institutions, healthcare, hospitality, manufacturing, real estate and technology sectors. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers") (Evidence: Company-reported; scope: Product-page industries-served list; not a published underwriting appetite by property type or region..) | Not described in the reviewed sources. |
| 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. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers") (Evidence: Company-reported; scope: 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. [8](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..) |
| 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. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers") (Evidence: Company-reported; scope: 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. [8](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 | HUB directs prospects to connect with a broker or specialist advisor through its contact portal; no online quote flow is described on the page. [4](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/ "Commercial (Business) Property Insurance Brokers") (Evidence: Company-reported; scope: Product-page call to action as read 2026-09-23..) | Not described in the reviewed sources. |

## Full Comparison

- [HUB International vs Lockton](https://spot.insure/compare/hub-international-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.
- [HUB International vs Lockton Cargo and Transit Insurance](https://spot.insure/compare/hub-international-vs-lockton/cargo-transit)
- [HUB International vs Lockton Crime Insurance](https://spot.insure/compare/hub-international-vs-lockton/crime)
- [HUB International vs Lockton Cyber Insurance](https://spot.insure/compare/hub-international-vs-lockton/cyber)
- [HUB International vs Lockton D&O Insurance](https://spot.insure/compare/hub-international-vs-lockton/directors-officers)
- [HUB International vs Lockton Employee Health Benefits](https://spot.insure/compare/hub-international-vs-lockton/employee-health-benefits)
- [HUB International vs Lockton Employment Practices Liability Insurance](https://spot.insure/compare/hub-international-vs-lockton/employment-practices)
- [HUB International vs Lockton Fiduciary Liability Insurance](https://spot.insure/compare/hub-international-vs-lockton/fiduciary)
- [HUB International vs Lockton General Liability Insurance](https://spot.insure/compare/hub-international-vs-lockton/general-liability)
- [HUB International vs Lockton Product Liability Insurance](https://spot.insure/compare/hub-international-vs-lockton/product-liability)
- [HUB International vs Lockton Representations and Warranties Insurance](https://spot.insure/compare/hub-international-vs-lockton/representations-warranties)
- [HUB International vs Lockton Surety Bonds](https://spot.insure/compare/hub-international-vs-lockton/surety-bonds)
- [HUB International vs Lockton Workers’ Compensation Insurance](https://spot.insure/compare/hub-international-vs-lockton/workers-compensation)
- [Alliance Risk vs HUB International Commercial Property Insurance](https://spot.insure/compare/alliance-risk-vs-hub-international/commercial-property)
- [Alliance Risk vs Lockton Commercial Property Insurance](https://spot.insure/compare/alliance-risk-vs-lockton/commercial-property)
- [Beazley vs HUB International Commercial Property Insurance](https://spot.insure/compare/beazley-vs-hub-international/commercial-property)
- [Beazley vs Lockton Commercial Property Insurance](https://spot.insure/compare/beazley-vs-lockton/commercial-property)
- [CFC vs HUB International Commercial Property Insurance](https://spot.insure/compare/cfc-vs-hub-international/commercial-property)
- [CFC vs Lockton Commercial Property Insurance](https://spot.insure/compare/cfc-vs-lockton/commercial-property)

## Sources

### HUB International

1. [About Us](https://www.hubinternational.com/about-us/). HUB International; Opening description; 1998 formation of HUB International Limited; 2022 Insureon acquisition; headquarters and employee/office counts. Accessed 2026-09-16.
2. [Contact Us](https://www.hubinternational.com/contact-us/). HUB International; Business Solutions paths for Commercial Insurance Solutions versus Small Commercial Insurance Solutions via Insureon; office search. Accessed 2026-09-16.
3. [Insurance for Technology Companies](https://www.hubinternational.com/industries/technology-company-insurance/). HUB International; Technology Company Insurance & Risk Management: startup, software, hardware and digital-media introduction; Business Coverage and People Protection lists; technology-client count. Accessed 2026-09-16.
4. [Commercial (Business) Property Insurance Brokers](https://www.hubinternational.com/products/business-insurance/commercial-property-insurance/). HUB International; Coverage components: building structure, business personal property, business interruption, contingent business interruption, equipment breakdown, natural catastrophe perils; program structures: traditional, layered, parametric, captive, reinsurance; insurance-to-value explanation; industries served list; Connect With a Broker. Accessed 2026-09-23.

### Lockton

5. [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.
6. [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.
7. [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.
8. [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

9. [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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