Policy Highlights for Shopping Center Insurance:
Colonial General Insurance Agency, Inc. offers a focused Shopping Center Insurance program for lessor’s risk exposures at strip and neighborhood shopping centers. The program supports monoline or packaged placements and provides flexible options so you can tailor coverage to property owners who lease space to multiple tenants.
To be eligible, centers should have a minimum of five retail units and at least 25,000 square feet of automobile parking at each location. These requirements keep the program aligned with larger, higher-traffic retail properties that benefit from broader property and liability protection.
Ideal Accounts and Appetite
This program is aimed at owners and investors of strip malls and neighborhood shopping centers with a mix of tenants such as dry cleaners, quick-service restaurants, salons, convenience stores, and specialty retailers. Typical accounts are lessor’s risk exposures where the insured maintains the buildings and common areas and leases space to third-party operators.
Primary territory: AZ, CA, CO, ID, NV, NM, UT, and WY. Colonial General is particularly active in the Southwestern and Mountain West markets and can consider admitted or non-admitted placements depending on the specific risk profile.
Example accounts you can place:
- A retail plaza anchored by a grocery store with multiple inline tenants, where the owner needs building, business income, and liability protection for common areas.
- A regional investor with several neighborhood centers across the Southwest seeking a consistent program for multiple locations, with options for higher limits and excess coverage.
Coverage Highlights and Advantages
Property Coverage:
• Building coverage on a Replacement Cost or Actual Cash Value basis
• Basic, Broad, or Special Form available
• Business Income and Equipment Breakdown
• Accounts Receivable and Valuable Papers
• Computer Equipment and Contents
• Coverage for Outside Signs
Commercial General Liability:
• Primary limits up to $3,000,000 Occurrence / Aggregate
• $5,000 Medical Payments included
• Additional interests available for $100 each
• Excess/Umbrella capacity available (up to $25,000)
• No deductible required for GL
Crime Coverage:
• Inside the Premises – Theft of Money & Securities
• Inside the Premises – Robbery or Safe Burglary of Other Property
• Outside the Premises coverage available
Underwriting Notes and Minimum Premiums
Colonial General works with a panel of admitted and non-admitted carriers to provide flexible underwriting solutions. Minimum premiums vary based on center size, location, construction, tenant mix, and loss history. Provide full property details and a complete tenant schedule with rent structure to help expedite placement and receive accurate terms.
Territories and Availability
This program writes in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Some admitted markets are available depending on location and exposure; non-admitted options are accessible through Colonial General’s market access for more complex or higher-limit accounts.
Why Work With Colonial General Insurance Agency, Inc.?
As a Managing General Agency and Excess & Surplus Lines broker with deep experience in commercial property across the Western U.S., Colonial General offers responsive underwriting, broad market access, and flexible package options. Their team is familiar with complex retail exposures and can help you structure coverage for lessor’s risks, coordinate excess limits, and place accounts that need admitted or E&S solutions.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Shopping centers with at least five retail units and a minimum of 25,000 sq. ft. of parking. Common tenants include dry cleaners, restaurants, convenience stores, and service-oriented retailers.
Is this program available on an admitted basis?
Some admitted markets are available depending on the risk and location. Colonial General also places accounts with non-admitted carriers when needed to secure capacity or higher limits.
Can I write monoline coverage or does it have to be a package?
Both monoline and package options are available, so you can tailor the policy structure to your client’s exposures.
What are the minimum premium requirements?
Minimums vary by center size, construction, tenant mix, and location. Contact Colonial General with full property and tenant details for underwriting guidance.
Which states is this program available in?
This Shopping Center program is available in AZ, CA, CO, ID, NV, NM, UT, and WY.
Need help placing an account? Connect with a market specialist.