Lockton vs Travelers Commercial Property Insurance

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.

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. ⁸Company-reported. Product page tier descriptions.

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.

Not described in the reviewed sources.

Not described in the reviewed sources.

Travelers offers small business property coverage bundled into its Business Owner's Policy for classes such as contractors, healthcare, retail, restaurants and technology services, Travelers Deluxe and OMNI for midsized businesses, and Customized Property Coverage for large, specialized or high-value risks. ⁸Company-reported. Product page small, midsized and large/specialty business sections.

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.

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. ⁸Company-reported. Product page "What does commercial property insurance cover?" FAQ; actual inclusions and exclusions are set by the issued policy.

Not described in the reviewed sources.

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. ⁸Company-reported. Product page "Excess property market" section.

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.

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. ⁸Company-reported. Product page Risk Control, Under Deductible Subrogation and wildfire mitigation sections.

Not described in the reviewed sources.

Commercial property coverage is bought through a Travelers independent agent, who can help choose between replacement-cost and actual-cash-value coverage and confirm what a lease requires. ⁸Company-reported. Product page purchasing and lease-review FAQs.