AI Risk offers a Shopping Centers Property program tailored for small shopping centers and multi-tenant retail plazas under 150,000 square feet per location. The program is a strong fit for retail and commercial office tenants located in Alabama, Florida, Georgia, Louisiana, Massachusetts, Mississippi, North Carolina, South Carolina, and Texas. Agents and brokers can use this program to place accounts that require reliable property coverage, including locations with coastal or wind exposure.
Ideal Accounts and Appetite
This program targets smaller-scale retail strip centers and community plazas where property condition and loss control are well managed. Typical appetites include:
- Neighborhood shopping centers
- Community strip malls with a mix of retail and professional office tenants
- Retail plazas and multi-tenant centers under 150,000 square feet per location
Preferred accounts demonstrate active property maintenance, basic loss-control practices, and clear tenant mixes. Properties in coastal or high-wind counties are eligible, but those locations may receive more restrictive underwriting terms.
Coverage Highlights and Advantages
- Property limits available up to $10 million per location
- Primary per-occurrence limit of $2.5 million may apply in high wind or coastal counties
- Wind deductibles apply in specified regions
AI Risk’s shopping-center form is designed to address common property exposures for multi-tenant retail owners, including wind and storm risk in coastal areas. The program balances capacity with underwriting controls to keep coastal placements competitive.
Underwriting Notes and Minimum Premiums
Minimum premium starts at $10,000 and will vary by property size, occupancy, location, selected limits, and coastal exposure. Underwriting emphasizes:
- Property condition and maintenance
- Coastal exposure management and wind mitigation where applicable
- Tenant mix and loss-control practices
Well-documented risks with active risk management typically receive the most competitive terms. Coastal accounts may be subject to lower primary limits and specific wind deductibles.
Territories and Availability
This program focuses on accounts in the following states: AL, FL, GA, LA, MA, MS, NC, SC, and TX. AI Risk offers both admitted and non-admitted placements depending on the state and the risk characteristics.
Why Work With AI Risk?
AI Risk is a Managing General Agency and Carrier with dedicated expertise in retail and commercial property placements. Backed by AIG, the program combines underwriting flexibility with strong carrier support and claims capability. Agents benefit from responsive service, specialized underwriting for coastal and wind-exposed properties, and access to tailored solutions for small shopping centers.
Example scenarios you can place through this program:
- A small neighborhood strip center in coastal Georgia with mixed retail and professional tenants that needs wind coverage and higher per-location limits.
- A well-maintained multi-tenant retail plaza in Louisiana requiring a tailored property form and managed coastal exposure.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Small shopping centers and retail plazas under 150,000 square feet, including mixed-use centers with offices and retail tenants, are ideal for this program.
Is this program available in coastal areas?
Yes. Coastal and wind-exposed properties are eligible, although those accounts may have a lower primary limit and a wind deductible.
What is the minimum premium for this program?
Minimum premium starts at $10,000 and varies based on coverage limits, location, and risk classification.
Which carrier backs this program?
The program is backed by AIG, providing financial strength and claims support.
Can I submit risks from outside the listed key states?
The program’s core focus is on AL, FL, GA, LA, MA, MS, NC, SC, and TX. Contact AI Risk to discuss accounts outside these states for possible consideration.
Need help placing an account? Connect with a market specialist.