What Is Lockton?
Lockton suits technology companies and larger businesses seeking a broker across cyber, D&O, property, liability and benefits; small firms wanting an instant standard quote should compare digital agencies. 1,2,3
What Is Nationwide?
Nationwide’s commercial catalogue includes common small-business policies and separate specialty products. A catalogue listing does not establish eligibility or policy terms; confirm the issuing company and coverage for your state and business. 5,6,7
What Is Commercial Property Insurance?
Commercial property may fit your business if you own a building or rely on equipment and stock. Compare replacement-cost terms, deductibles and any coinsurance condition, and check lost-income protection separately. 9,10,11
What Are the Key Differences Between Lockton and Nationwide Commercial Property Insurance?
Placement and Policy Design
Lockton says its property team meets clients and negotiates directly with underwriters, with that same team handling the market discussion. Nationwide describes a commercial property product and routes buyers to agents. Buyers choosing Lockton can ask how the negotiating team will structure their placement; Nationwide prospects can ask which agent and underwriting contact will handle the submission. 4 8
Property Features That Change the Quote
Lockton lists policy wording review, retention analysis, exposure and value stratification, catastrophe modeling, underwriting specifications, and complex claim recovery assistance. Nationwide’s overview does not detail equivalent property advisory services. For properties exposed to catastrophe risk, ask Lockton what modeling assumptions it will use and ask Nationwide whether it can provide comparable exposure analysis for the scheduled locations. 4 8
Services and the Buying Route
Lockton says it can tailor a proprietary manuscript property policy to a client’s coverage needs; Nationwide’s reviewed page does not describe manuscript wording. If standard forms leave a gap, ask Lockton which wording provisions it proposes and ask Nationwide’s agent whether endorsements can address the same exposure. Compare the final policy language and retention, not just a summary of coverage. 4 8
What Should You Confirm in Lockton and Nationwide Commercial Property Insurance Quotes?
- Request the named locations, scheduled property values, limits, deductibles, and relevant exclusions in the proposed policy documents from both providers.
- Follow up on the individual differences above: name the issuing carrier, confirm any additional coverage or valuation service, and ask how the quote will treat your property and occupancy.
Lockton and Nationwide Review Scores for 2026
These averages can combine ratings for different products, locations, and customer groups, including approximate BBB grade conversions. Read each review for the sources, scope, and calculation.
Lockton Review Score
Review Score
3 rated sources
Lockton’s reviews vary by office and entity. Local Google-derived ratings provide some service feedback, but no reliable firmwide verdict.[2][6][7][8]
Read Lockton reviewsNationwide Review Score
Review Score
4 rated sources
Experts like Nationwide more than customers do. NerdWallet gives it 4.5 out of 5 for business insurance, while small-business customers on ConsumerAffairs give it 2.5 out of 5 from 19 reviews.[1][10]
Read Nationwide reviewsLockton vs Nationwide Commercial Property Insurance Compared
Lockton vs Nationwide: Commercial Property Insurance: documented features by provider
| Criteria | Lockton Property Insurance Brokerage | Nationwide commercial property (official overview) |
|---|---|---|
| Role in This Line | 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. 4Company-reported. Property product page as read 2026-09-23. | Nationwide describes offering commercial property for the audience stated on the cited product page. 8Company-reported. commercial property marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| Issuing Insurer | 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. 4Not publicly disclosed. Property product page checked 2026-09-23. | Confirm in your quote. |
| Who It’s For | Confirm in your quote. | Businesses insuring commercial property; specific occupancy and terms depend on underwriting. 8Company-reported. commercial property marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| Coverage Features | 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. 4Company-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. | The cited product page describes commercial property coverage for business buildings and property, with the page's stated coverage and occupancy qualifications. Marketing description only; actual coverage, exclusions, conditions, limits, and availability depend on the issued policy and jurisdiction. 8Company-reported. commercial property marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
| Limits and Retentions | Confirm in your quote. | The cited overview does not set a universal limit or retention for this line. Ask for the proposed policy form, limits, retentions, exclusions, and conditions in the quote. 8Not publicly disclosed. Only the cited marketing page was reviewed for published limit and retention information; no policy-form entitlement is inferred. |
| Risk Services | 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. 4Company-reported. Property product page as read 2026-09-23. These are described capabilities, not a guarantee of outcome on any specific account. | Confirm in your quote. |
| How to Apply | Confirm in your quote. | The page directs prospective customers to contact an agent or request a quote. The page does not establish a quote, bind, or coverage-effective timeline. 8Company-reported. commercial property marketed by nationwide; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement. |
Related Pages for Lockton vs Nationwide Commercial Property Insurance
Commercial Property Insurance Pages for Lockton and Nationwide
Other Coverage Lines Compared for Lockton vs Nationwide
Other Commercial Property Insurance Provider Comparisons
Sources for Lockton vs Nationwide Commercial Property Insurance
Sources About 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.
Sources About Nationwide
- Small Business Insurance. Nationwide; Small business products and solutions, lines 185–214: BOP, workers’ compensation, commercial auto, umbrella, EPLI, cyber and surety; purchase guidance lines 235–247. Accessed 2026-09-29.
- Small Business Insurance Solutions for Agents. Nationwide; Specialized small commercial solutions: BOP, auto, workers’ compensation, cyber, EPLI, umbrella, inland marine and professional liability; page states appetite varies by state, lines 129–163, 191–193. Accessed 2026-09-29.
- Terms and Conditions for Nationwide.com. Nationwide; P&C products not offered by all companies/states; policy/declarations control; NMI and affiliates may underwrite; each underwriter responsible for own products, lines 358–368 and 391–394. Accessed 2026-09-29.
- Commercial Property Insurance. Nationwide; Commercial property page; buildings, business property, and property-in-transit coverage overview. Accessed 2026-09-30.
Sources for the Commercial Property Insurance Guide
- Commercial Insurance Guide. California Department of Insurance; What Should I Expect from a Broker-Agent; Commercial Property: Coverage Sections, Limits of Insurance, and Coinsurance; Covered Causes of Loss; Valuation Types; Inland Marine. Accessed 2026-09-16.
- Business Interruption Insurance/Businessowner’s Policies (BOP). National Association of Insurance Commissioners; Background; Commercial Property and Business Interruption bullets. Accessed 2026-09-16.
- Commercial property insurance guide. Texas Department of Insurance; Introduction; Coverage options; Shopping for commercial property insurance; Saving money on your insurance. Accessed 2026-09-16.
