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

For a price reference, TechInsurance reports a $108 monthly median among its property policyholders and offers online quotes with agent help; Lockton brokers directly with underwriters and can tailor manuscript terms.

TechInsurance says its policyholders pay a median $108 a month and can get a certificate of insurance the same day they buy, while Lockton negotiates commercial property placements directly with underwriters without publishing a price. ^2,¹

What Are the Key Differences Between Lockton and TechInsurance 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. ²Company-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. ¹

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. ² 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. ¹

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. ² 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. ¹

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

Ask TechInsurance whether the median $108 monthly figure reflects your building size, construction, location and security systems. ²
Ask Lockton for an estimated cost range and timeline, since its page publishes neither. ¹
Confirm whether you want actual-cash-value or replacement-cost coverage before comparing quotes from either provider. ²
Get the issuing insurer from both; neither reviewed page names one. ² ¹

Lockton vs TechInsurance Commercial Property Insurance Compared

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

Criteria	Lockton Property Insurance Brokerage	TechInsurance 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.	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). ²Company-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). ²Company-reported. Commercial property product page, What isn't covered 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.	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. ²Company-reported. Commercial property product page.

Criteria

Lockton Property Insurance Brokerage

TechInsurance 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.

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). ²Company-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). ²Company-reported. Commercial property product page, What isn't covered 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.

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. ²Company-reported. Commercial property product page.