Lockton vs 
Travelers: How Do They Compare for Commercial Property Insurance?
Lockton brokers directly with underwriters and can tailor manuscript property terms; Travelers underwrites standalone or packaged policies across small, midsize and large tiers through agents.
Travelers underwrites separate property products for small, midsized and large or specialty businesses and says its excess property market typically attaches at $1,000,000 or greater, while Lockton negotiates property placements directly with underwriters without publishing an attachment point. 2,1
What Are the Key Differences Between Lockton and Travelers Commercial Property Insurance?
Underwriting Tiers or Negotiated Placement
Travelers underwrites commercial property itself, with named products by business size: small-business coverage bundled into a BOP, Travelers Deluxe and OMNI for midsized businesses, and Customized Property Coverage for large and specialty risks. 2 Lockton instead negotiates directly with underwriters on a client's behalf, with the same team that meets a client also structuring the placement. 1
A Published Attachment Point
Travelers discloses a specific figure for its largest accounts:
Travelers says its excess property market typically attaches at $1,000,000 or greater; standard-tier limits and deductibles are not published and depend on the quote. 2Company-reported. Product page "Excess property market" section.
Lockton's page publishes no comparable limit or attachment figure for its negotiated placements. 1
Two Ways to Recover Money After a Loss
Travelers names an Under Deductible Subrogation service to pursue reimbursement for losses below the deductible, plus wildfire mitigation discounts for qualifying properties. 2 Lockton instead names assistance with complex claim recovery generally, without a comparable named subrogation or mitigation-discount program. 1
What Should You Confirm in Lockton and Travelers Commercial Property Insurance Quotes?
- Ask Travelers which size tier applies to your account and what limits and deductibles it carries. 2
- Ask Lockton for a comparable limit or attachment point for your account, since its page publishes none. 1
- Ask Travelers whether Under Deductible Subrogation and wildfire mitigation discounts apply to your property and location. 2
- Get the issuing insurer from Lockton's placement, since its page names none. 1
Lockton vs Travelers Commercial Property Insurance Compared
Lockton vs Travelers: Commercial Property Insurance: documented features by provider
| Criteria | Lockton Property Insurance Brokerage | Travelers 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. | Travelers says the policy covers a company's buildings, office equipment, furniture, fixtures, inventory and lost business income from events such as fire, explosion, storms, theft and vandalism, with additional coverage often available for floods, earthquakes and equipment breakdown. 2Company-reported. Product page "What does commercial property insurance cover?" FAQ; actual inclusions and exclusions are set by the issued policy. |
| 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. | Travelers underwrites commercial property insurance as a standalone policy or packaged with other coverage, with separate product tiers for small, midsized, and large or specialty businesses. 2Company-reported. Product page tier descriptions. |
| 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. 1Company-reported. Property product page as read 2026-09-23. These are described capabilities, not a guarantee of outcome on any specific account. | Travelers says property customers get access to Risk Control property specialists, an Under Deductible Subrogation service to pursue reimbursement for losses below the deductible, and wildfire mitigation discounts for qualifying properties. 2Company-reported. Product page Risk Control, Under Deductible Subrogation and wildfire mitigation sections. |
