Commercial Property Extension Insurance

Coverage Highlights and Limits

The extension provides specific single-form limits for the following coverages:

Overview of the Program

This Commercial Property Extension is designed for agents and brokers who need a straightforward, consistent way to add common property extensions to eligible commercial property accounts. The endorsement pairs with a Special Causes of Loss form and is particularly useful when a single, uniform set of supplemental limits is preferred across multiple locations or for smaller accounts where separate endorsements are inefficient.

Ideal Accounts and Appetite

• Small- to medium-sized commercial risks with typical property exposures: retail stores, professional offices, restaurants and food-service operations, bakeries, florists, convenience stores, and small manufacturing or light industrial occupancies where the per-coverage limits align with values on the account.
• Multi-location accounts (up to 20 locations) that benefit from simple flat-charge pricing.
• Accounts requiring targeted protection for spoilage, computer equipment, outdoor signage, employee dishonesty, and water backup without complex, bespoke endorsements.

The program is generally not suited for high-hazard operations, accounts with values that exceed the stated per-coverage limits, or large national accounts with highly specialized coverage needs.

Coverage Highlights and Advantages

• Consolidates nine common property extensions onto one form for easier quoting and placement.
• Single-form, per-coverage limits give consistent, transparent limits that simplify policy administration.
• Flat-charge multi-location pricing streamlines submission and billing for accounts with multiple sites (up to 20).
• Distributed through an MGA/E&S broker structure to expand market access where admitted appetite is limited.

Underwriting Notes and Placement

Underwriting is handled through a Managing General Agency and Excess & Surplus Lines Broker structure. Carrier availability varies by risk and state; some admitted markets are available and other placements may be non-admitted depending on the state and risk characteristics.

• Deductible: $500 per coverage.
• Pricing: Flat charge based on total number of locations (up to 20).
• Typical submission requirements: ACORD property application, schedule of locations, values for covered property, description of occupancy and operations, and recent loss runs. Additional information may be required for spoilage or equipment breakdown exposures.

Territories and Availability

Available in: AZ, CA, CO, ID, NV, NM, UT, WY. Carrier availability varies by state and risk; admitted options exist in some markets while other placements may be non-admitted. Confirm state availability and filing requirements at time of submission.

Why Work With Colonial General Insurance Agency, Inc. on This Program

• Colonial General brings wholesale/MGA distribution expertise and relationships with E&S brokers to place accounts where admitted markets are limited.
• The program reduces placement complexity by standardizing common extensions on a single form, saving time for both agents and insureds.
• Flat multi-location pricing and consistent limits make it easier to quote regional chains and small multi-site operations without excessive endorsement work.

Example Account Scenarios

• You have a regional bakery with refrigerated inventory and modest equipment breakdown exposure — the spoilage and limited equipment breakdown limits provide targeted protection without custom endorsements.
• You place a five-location retail chain that wants consistent outdoor sign limits and employee dishonesty coverage — the single-form approach simplifies billing and policy administration across locations.

Placement Checklist (Quick)

• ACORD property application
• Schedule of locations and values
• Loss runs (3–5 years)
• Details on security, refrigeration/temperature controls, and maintenance practices when relevant

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.