Don’t let vacant properties become a liability for your clients. Cochrane & Company offers a specialized Vacant Building Insurance program designed for unoccupied commercial buildings, including those undergoing incidental renovations. We also offer Monoline General Liability coverage for vacant residential properties. Whether your client owns a former retail location awaiting tenants or a residential property for sale, we have flexible solutions to meet their needs.
Ideal Accounts and Appetite
Our program is a strong fit for:
- Vacant commercial buildings (e.g., office, retail, light industrial)
- Unoccupied residential properties (single-family or small multi-family dwellings)
- Buildings undergoing light or incidental renovation (non-structural)
- Properties held for sale, lease, or redevelopment
Properties with significant structural changes, ongoing major construction, or long-term abandonment may not qualify.
Coverage Highlights and Advantages
Property Coverage Includes:
- Building and Business Personal Property
- Basic, Broad, or Special Form options
- Replacement Cost or Actual Cash Value
General Liability Coverage:
- Primary limits up to $3 million occurrence/aggregate
- $5,000 Medical Payments Coverage – Included
- Additional Interests – Included
- Designated premises limitation
- Excess/Umbrella limits available up to $25 million
Note: No deductible required
Underwriting Notes and Minimum Premiums
Our underwriting process is streamlined and responsive. Minimum premiums vary based on risk factors such as location, occupancy history, and building condition. We work with a range of carriers to provide competitive options for both small and large properties.
Territories and Availability
This program is available on a non-admitted basis in the following states:
AK, CA, ID, MT, NV, NM, ND, OR, WA, WY.
We maintain access to multiple markets to help you find the right fit for your client's property.
Why Work With Cochrane & Company?
As a trusted Managing General Agency (MGA), Cochrane & Company brings decades of experience in property and casualty programs. Our Vacant Building Insurance program is backed by knowledgeable underwriters, flexible coverage options, and access to a variety of carriers. We help agents place challenging risks quickly and efficiently.
If you have a client with a vacant property, contact us today to learn more about how our Vacant Building Insurance program can help protect their investment and give you a competitive edge.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include vacant commercial properties, unoccupied residential homes, and buildings undergoing light, non-structural renovations.
Is this coverage available for properties under renovation?
Yes, properties with incidental or light renovation work (non-structural) are generally eligible under this program.
Which states is this program available in?
This program is available in AK, CA, ID, MT, NV, NM, ND, OR, WA, and WY on a non-admitted basis.
Are there minimum premiums or deductibles?
Minimum premiums vary depending on the risk, but there is no deductible required in this program.
Can I get Excess or Umbrella coverage with this policy?
Yes, Excess or Umbrella limits are available up to $25 million, subject to underwriting approval.
Need help placing an account? Connect with a market specialist.