Lockton vs 
TechInsurance Commercial Property Insurance
TechInsurance publishes a median monthly cost and same-day certificates; Lockton negotiates directly with underwriters without published pricing.
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. 1,2,3
What Is TechInsurance?
TechInsurance is a small-business insurance agency and brokerage with a technology focus, offering online quote comparison and agent assistance through the Insureon organization. 5,6
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. 8
Key Differences in Commercial Property Insurance
Published Cost
TechInsurance discloses a specific figure:
TechInsurance says its commercial property policyholders pay a median of $108 per month, or about $1,301 a year, with the exact premium depending on location, coverage limits and deductible, security systems, equipment value, and building size, construction and age. 7Company-reported. Commercial property product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table.
Lockton's page publishes no comparable cost figure; it describes negotiating directly with underwriters rather than quoting a typical premium. 4
Choosing How a Claim Is Paid
TechInsurance describes a direct tradeoff buyers choose between: actual cash value, cheaper but paying the depreciated value of damaged property, or replacement cost, more expensive but paying to replace items with new equivalents. 7 Lockton's page does not describe a comparable valuation-basis choice; it instead names retention analysis for deductible selection as its buyer-facing decision point. 4
Speed to Bind
TechInsurance describes requesting quotes online through a short application, with a certificate of insurance typically available the same day you buy coverage. 7 Lockton's page describes a negotiated process instead: the same team that meets a client also negotiates directly with underwriters, without a stated online turnaround. 4
What to Confirm in Commercial Property Insurance Quotes
- Ask TechInsurance whether the median $108 monthly figure reflects your building size, construction, location and security systems. 7
- Ask Lockton for an estimated cost range and timeline, since its page publishes neither. 4
- Confirm whether you want actual-cash-value or replacement-cost coverage before comparing quotes from either provider. 7
- Get the issuing insurer from both; neither reviewed page names one. 7 4
Offering Details
Lockton vs TechInsurance Commercial Property Insurance: documented features by provider
| Criteria | Lockton Property Insurance Brokerage | TechInsurance Commercial Property Insurance |
|---|---|---|
| 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. | TechInsurance arranges commercial property insurance, also called business hazard insurance, for businesses that own or rent commercial space, or that keep valuable equipment at a home office. 7Company-reported. Commercial property product page. |
| 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. | The reviewed page does not name the issuing insurer for a commercial property policy. 7Not publicly disclosed. Commercial property product page as read on 2026-09-23. |
| 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. | TechInsurance says commercial property insurance covers theft of equipment, damage to company-owned buildings, weather-related and accidental damage, and vandalism, and can be written as actual cash value (cheaper, pays depreciated value) or replacement cost (more expensive, pays to replace with new equivalent items). 7Company-reported. Commercial property product page; general policy description, not a specific policy form. TechInsurance says commercial property insurance generally excludes extreme weather events like earthquakes, hurricanes and floods, goods in transit or at other worksites (which need inland marine insurance instead), and equipment breakdown from mechanical or electrical failure (which needs an endorsement). 7Company-reported. Commercial property product page, What isn't covered section. |
| Limits and Retentions | Not described in the reviewed sources. | TechInsurance says its commercial property policyholders pay a median of $108 per month, or about $1,301 a year, with the exact premium depending on location, coverage limits and deductible, security systems, equipment value, and building size, construction and age. 7Company-reported. Commercial property product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table. |
| 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. | Not described in the reviewed sources. |
| How to Apply | Not described in the reviewed sources. | You request commercial property quotes online through a short application; TechInsurance says licensed agents are available to help, and a certificate of insurance is typically available the same day you buy coverage. 7Company-reported. Commercial property product page. |
Full Comparison
More Lockton vs TechInsurance Comparisons
Other Commercial Property Insurance Comparisons
Sources
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.
TechInsurance
- About TechInsurance. TechInsurance; Opening description; one-application process; History of TechInsurance, 2011 and 2022 entries. Accessed 2026-09-16.
- Contact Us. TechInsurance; FAQs: How does TechInsurance work? (agent assistance obtaining surety bonds); agent or broker role; application; finding quotes; updating address; certificates. Accessed 2026-09-16.
- Commercial Property Insurance Quotes Online. TechInsurance; What is covered under commercial property insurance? (theft, company-owned buildings, weather damage, accidental damage, vandalism); How much does commercial property insurance cost?; What isn't covered by commercial property insurance?; How does property insurance coverage work? (actual cash value vs. replacement cost). Accessed 2026-09-23.
Commercial Property Insurance Guide
- Business Interruption Insurance/Businessowner’s Policies (BOP). National Association of Insurance Commissioners; Background; Commercial Property and Business Interruption bullets. Accessed 2026-09-16.
