---
title: "Lockton vs Travelers Commercial Property Insurance"
description: "Travelers underwrites tiered property products and discloses a $1M+ excess attachment point; Lockton negotiates placements with outside underwriters without published limits."
canonical: "https://spot.insure/compare/lockton-vs-travelers/commercial-property"
page-type: "line-comparison"
updated-at: "2026-09-23"
---

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# Lockton vs Travelers Commercial Property Insurance

Travelers underwrites tiered property products and discloses a $1M+ excess attachment point; Lockton negotiates placements with outside underwriters without published limits.

## Research Scope and Use

Use this comparison to evaluate Lockton and Travelers for Commercial Property Insurance against the same documented criteria. It identifies differences and questions to confirm; it does not select a winner for a particular business. Offering claims are what each provider publishes about this line unless marked otherwise. “Not found” describes the evidence reviewed, not proof that a feature is unavailable. Confirm the insurer, policy wording, limits, retentions, exclusions and cost in an actual quote.

## Summary

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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") [4](https://global.lockton.com/us/en/products-services/property "Property Insurance")

## 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](https://global.lockton.com/us/en "Lockton United States") [2](https://global.lockton.com/us/en/technology "Technology") [3](https://global.lockton.com/us/en/terms-of-business "US Terms of Business")

[Lockton profile](https://spot.insure/insurance-providers/lockton)

## What Is Travelers Insurance?

Travelers is a U.S. property-casualty insurance group that markets business coverage, including a technology practice, through independent agents and brokers. Buyers can investigate CyberRisk Tech, a small-business technology-services policy, and other commercial lines, then confirm the issuing company and California availability on a quote. [5](https://www.travelers.com/business-insurance/technology "Technology Insurance") [6](https://www.travelers.com/about-travelers/producer-compensation-disclosure "Travelers Producer Compensation Disclosure (United States)") [7](https://www.travelers.com/contact-us "Contact Us")

[Travelers profile](https://spot.insure/insurance-providers/travelers)

## 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. [9](https://content.naic.org/cipr-topics/business-interruptionbusinessowners-policies-bop "Business Interruption Insurance/Businessowner’s Policies (BOP)")

## Key Differences in 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") Lockton instead negotiates directly with underwriters on a client's behalf, with the same team that meets a client also structuring the placement. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance")

### 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") (Evidence: Company-reported; scope: Product page "Excess property market" section..)

Lockton's page publishes no comparable limit or attachment figure for its negotiated placements. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance")

### 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") Lockton instead names assistance with complex claim recovery generally, without a comparable named subrogation or mitigation-discount program. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance")

## What to Confirm in Commercial Property Insurance Quotes

- Ask Travelers which size tier applies to your account and what limits and deductibles it carries. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance")
- Ask Lockton for a comparable limit or attachment point for your account, since its page publishes none. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance")
- Ask Travelers whether Under Deductible Subrogation and wildfire mitigation discounts apply to your property and location. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance")
- Get the issuing insurer from Lockton's placement, since its page names none. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance")

## Offering Details

| Criteria | Lockton Property Insurance Brokerage | Travelers 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. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Company-reported; scope: 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") (Evidence: Company-reported; scope: Product page tier descriptions..) |
| 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. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Not publicly disclosed; scope: Property product page checked 2026-09-23..) | Not described in the reviewed sources. |
| Who It’s For | 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") (Evidence: Company-reported; scope: Product page small, midsized and large/specialty business sections..) |
| 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. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Company-reported; scope: 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") (Evidence: Company-reported; scope: Product page "What does commercial property insurance cover?" FAQ; actual inclusions and exclusions are set by the issued policy..) |
| Limits and Retentions | 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") (Evidence: Company-reported; scope: Product page "Excess property market" section..) |
| 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. [4](https://global.lockton.com/us/en/products-services/property "Property Insurance") (Evidence: Company-reported; scope: 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") (Evidence: Company-reported; scope: Product page Risk Control, Under Deductible Subrogation and wildfire mitigation sections..) |
| How to Apply | 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. [8](https://www.travelers.com/business-insurance/property "Commercial Property Insurance") (Evidence: Company-reported; scope: Product page purchasing and lease-review FAQs..) |

## Full Comparison

- [Lockton vs Travelers](https://spot.insure/compare/lockton-vs-travelers): all coverage lines, business roles, service and claims.
- [What Is Commercial Property Insurance?](https://spot.insure/coverage/commercial-property): Commercial property insurance can help repair or replace your building, equipment and stock after a covered loss.
- [Lockton vs Travelers Cargo and Transit Insurance](https://spot.insure/compare/lockton-vs-travelers/cargo-transit)
- [Lockton vs Travelers Crime Insurance](https://spot.insure/compare/lockton-vs-travelers/crime)
- [Lockton vs Travelers Cyber Insurance](https://spot.insure/compare/lockton-vs-travelers/cyber)
- [Lockton vs Travelers D&O Insurance](https://spot.insure/compare/lockton-vs-travelers/directors-officers)
- [Lockton vs Travelers Employment Practices Liability Insurance](https://spot.insure/compare/lockton-vs-travelers/employment-practices)
- [Lockton vs Travelers Fiduciary Liability Insurance](https://spot.insure/compare/lockton-vs-travelers/fiduciary)
- [Lockton vs Travelers General Liability Insurance](https://spot.insure/compare/lockton-vs-travelers/general-liability)
- [Lockton vs Travelers Surety Bonds](https://spot.insure/compare/lockton-vs-travelers/surety-bonds)
- [Lockton vs Travelers Workers’ Compensation Insurance](https://spot.insure/compare/lockton-vs-travelers/workers-compensation)
- [Alliance Risk vs Lockton Commercial Property Insurance](https://spot.insure/compare/alliance-risk-vs-lockton/commercial-property)
- [Alliance Risk vs Travelers Commercial Property Insurance](https://spot.insure/compare/alliance-risk-vs-travelers/commercial-property)
- [Beazley vs Lockton Commercial Property Insurance](https://spot.insure/compare/beazley-vs-lockton/commercial-property)
- [Beazley vs Travelers Commercial Property Insurance](https://spot.insure/compare/beazley-vs-travelers/commercial-property)
- [CFC vs Lockton Commercial Property Insurance](https://spot.insure/compare/cfc-vs-lockton/commercial-property)
- [CFC vs Travelers Commercial Property Insurance](https://spot.insure/compare/cfc-vs-travelers/commercial-property)

## Sources

### Lockton

1. [Lockton United States](https://global.lockton.com/us/en). Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
2. [Technology](https://global.lockton.com/us/en/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.
3. [US Terms of Business](https://global.lockton.com/us/en/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.
4. [Property Insurance](https://global.lockton.com/us/en/products-services/property). 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.

### Travelers

5. [Technology Insurance](https://www.travelers.com/business-insurance/technology). Travelers; Technology insurance products we offer: CyberRisk Tech, Global Companion Plus+, general liability, commercial property, workers compensation, commercial auto, umbrella; startup-to-established-leader audience. Accessed 2026-09-16.
6. [Travelers Producer Compensation Disclosure (United States)](https://www.travelers.com/about-travelers/producer-compensation-disclosure). Travelers; Independent producers; seven compensation types; Simply Business, Inc. and InsuraMatch, LLC ownership; The Travelers Indemnity Company footer; Northfield Excess & Surplus Lines product list. Accessed 2026-09-16.
7. [Contact Us](https://www.travelers.com/contact-us). Travelers; Business insurance sold through independent agents; business claims 1.800.238.6225; MyTravelers for business features. Accessed 2026-09-16.
8. [Commercial Property Insurance](https://www.travelers.com/business-insurance/property). Travelers; What is commercial property insurance?; Who is commercial property insurance coverage right for?; Small business property insurance; Midsized business property insurance (Travelers Deluxe, OMNI); Large and specialty business property insurance (Customized Property Coverage, global property coverage, specialty market programs, Excess property market); FAQ. Accessed 2026-09-23.

### Commercial Property Insurance Guide

9. [Business Interruption Insurance/Businessowner’s Policies (BOP)](https://content.naic.org/cipr-topics/business-interruptionbusinessowners-policies-bop). National Association of Insurance Commissioners; Background; Commercial Property and Business Interruption bullets. Accessed 2026-09-16.

Updated 2026-09-23. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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