Lockton vs Relm Insurance: How Do They Compare for Commercial Property Insurance?

Lockton brokers directly with underwriters and can tailor manuscript wording after exposure analysis; Relm Insurance targets specialized property in cannabis, advanced manufacturing and aerospace.

Relm's commercial property line targets specialized assets in cannabis, advanced manufacturing and aerospace, accessed through brokers, while Lockton negotiates property placements directly with underwriters and can tailor its own manuscript policy. ^2,¹

What Are the Key Differences Between Lockton and Relm Insurance Commercial Property Insurance?

Specialized Market or Retail Negotiator

Relm's property line is built for a specific gap:

Relm targets companies with costly, often specialized or custom-built physical assets, specifically naming cannabis cultivation, advanced manufacturing and aerospace as sectors traditional insurers may not adequately cover. ²Company-reported. Property page 'Who Needs Commercial Property Insurance?' section; not a guarantee of eligibility for a particular company.

Lockton is the retail broker in that kind of relationship: its property team negotiates directly with underwriters, with the same team that meets a client also negotiating with the market on their behalf. ¹

Role in the Distribution Chain

Relm markets commercial property as a line brokers can place for their clients, describing itself as a market accessed through a broker rather than dealing with the end buyer directly. ² Lockton is the broker that would place business with a market like Relm's, negotiating terms and structuring the placement rather than accessing outside brokers itself. ¹

Published Exclusions

Relm publishes specific property exclusions — wear and tear, poor-maintenance damage, mold or contamination, Acts of God such as flooding or earthquakes, war or terrorism, and intentional damage by employees. ² Lockton's page describes services such as retention analysis and stratification-of-value analysis without publishing a comparable exclusions list. ¹

What Should You Confirm in Lockton and Relm Insurance Commercial Property Insurance Quotes?

If your risk involves cannabis cultivation, advanced manufacturing or aerospace assets, ask whether Relm's market and its published exclusions fit your operation. ²
Ask Lockton whether it would place your account with a specialized market like Relm's or a standard-form carrier. 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.

Lockton vs Relm Insurance Commercial Property Insurance Compared

Lockton vs Relm Insurance: Commercial Property Insurance: documented features by provider

Criteria	Lockton Property Insurance Brokerage	Relm Commercial Property Insurance
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. ¹Company-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.	Relm says commercial property covers buildings, machinery and equipment, inventory and furniture against losses from events like fire, theft, vandalism, storm damage and some types of water damage, written as either named-perils or open-perils/all-risk. ²Company-reported. Property page 'What is Commercial Property Insurance?' section; the issued policy and declarations control. Relm says the coverage excludes wear and tear, poor-maintenance damage, mold or contamination (addressed by separate environmental insurance), Acts of God such as flooding or earthquakes (needing separate policies in at-risk areas), war or terrorism, and intentional damage by employees. ²Company-reported. Property page 'What Does Commercial Property Insurance Not Cover?' section.
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. ¹Company-reported. Property product page as read 2026-09-23.	Relm markets Commercial Property Insurance as a line brokers can place for clients, paired on the same page with its inland marine and business interruption products. ²Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.

Criteria

Lockton Property Insurance Brokerage

Relm Commercial Property Insurance

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. ¹Company-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.

Relm says commercial property covers buildings, machinery and equipment, inventory and furniture against losses from events like fire, theft, vandalism, storm damage and some types of water damage, written as either named-perils or open-perils/all-risk. ²Company-reported. Property page 'What is Commercial Property Insurance?' section; the issued policy and declarations control.

Relm says the coverage excludes wear and tear, poor-maintenance damage, mold or contamination (addressed by separate environmental insurance), Acts of God such as flooding or earthquakes (needing separate policies in at-risk areas), war or terrorism, and intentional damage by employees. ²Company-reported. Property page 'What Does Commercial Property Insurance Not Cover?' section.

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. ¹Company-reported. Property product page as read 2026-09-23.

Relm markets Commercial Property Insurance as a line brokers can place for clients, paired on the same page with its inland marine and business interruption products. ²Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.