Overview — First Choice Insurance Intermediaries, Inc. Commercial Property Insurance
First Choice Insurance Intermediaries, Inc. offers Commercial Property Insurance designed for independent agents and brokers who need reliable placement options for business property exposures. This program compensates a business when property used in operations is lost or damaged by common perils such as fire, theft, wind, or vandalism. Coverage applies to buildings and structures as well as “personal property” — office furnishings, inventory, raw materials, machinery, computers and other items critical to a business’s operations.
Coverage highlights and advantages
- Commercial package capability: Available forms can include property, general liability, crime and business interruption. Endorsements are available to tailor the package to specific classes (for example, restaurants or florists).
- Broad property coverage: Building, business personal property, tenant improvements and betterments, and stock/inventory options where appropriate.
- Business interruption: Time-element coverage to protect income and help policyholders recover after a covered loss.
- Premium financing: Premium Financing Available.
- Deductible options: $500, $1,000 and up, depending on the carrier and account.
- Wholesale placement: First Choice acts as a wholesale broker, providing access to admitted and non-admitted markets appropriate to the risk.
Ideal accounts and target classes
This Commercial Property program is a strong fit for small- to mid-sized brick-and-mortar and light-industrial risks. Target classes include:
- Apartment: Owners of buildings used exclusively as apartment houses, including cooperatives.
- Building: Lessors of commercial buildings occupied by offices, mercantile and retail tenants.
- Business: Personal consumer services, light repair shops and printing businesses.
- Condominium: Owners of buildings used exclusively as condominiums.
- Contractors: Residential and specialty trade contractors (light exposure).
- Garage: Independently operated or franchised automotive service and repair businesses.
- Manufacturers: Small manufacturers of food products, leather, metal, paper, plastic, rubber, textiles and wood products.
- Professional Office: Medical, legal, financial and other professional service firms.
- Religious: Churches and houses of worship (excluding large affiliated educational institutions).
- Restaurant: Franchise, family and higher-end eateries (subject to cooking/hood suppression underwriting).
- Store: Brick-and-mortar retail operations.
- Technology / Technology Office: Manufacturers of electronics and firms providing computer and technology services.
- Wholesalers: Distributors of durable and non-durable goods.
Underwriting notes and typical restrictions
- Preferred accounts are small to mid-sized businesses with straightforward property exposures and up-to-date loss control.
- Accounts with significant high-hazard operations, extensive flammable processing, severe code violations, or long-term vacant buildings may be declined or require placement in specialized markets.
- Cooking exposures (restaurants) and automotive operations (garages) will be underwritten for suppression systems, distance to exposures, and prior losses.
- Carriers in the program may impose minimum premiums, occupancy-specific endorsements, or higher deductibles for certain classes — confirm requirements at submission.
Territories and admitted status
Available in the following states: AL, CA, CO, CT, DE, FL, GA, IL, IN, KS, LA, MD, MA, MI, MO, NV, NJ, NM, NY, NC, OH, OR, PA, SC, TN, TX, VA, WA, WI. Admitted paper is available in some states; First Choice can also access non-admitted markets where necessary. Coverage availability and form depend on the carrier selected and state regulations.
Why place this business with First Choice Insurance Intermediaries, Inc.
- As a wholesale broker, First Choice provides direct access to multiple markets and negotiates program forms and endorsements tailored to common small commercial risks.
- Underwriters focus on practical, class-specific solutions rather than one-size-fits-all forms, which helps place accounts that might otherwise be difficult at retail.
- Support for premium financing and package placements simplifies transactions for your insureds.
- Responsive underwriting and flexibility on endorsements for restaurants, technology firms, small manufacturing and retail make this a good fit for agents seeking competitive terms for typical commercial property risks.
Example account scenarios
- You have a two-story retail building with occupied storefronts and a small stockroom — this program can combine building and business personal property limits with business interruption coverage.
- A local family-run restaurant with a hood suppression system and a solid loss history — the program can offer package property and liability options with restaurant endorsements.
Frequently Asked Questions
What types of accounts are a good fit for this Commercial Property program?
Small- to mid-sized brick-and-mortar retailers, offices, restaurants, light manufacturers, wholesalers, garages and professional offices are ideal. The program targets straightforward property risks that benefit from a commercial package.
Which states and paper types are available?
The program is available in AL, CA, CO, CT, DE, FL, GA, IL, IN, KS, LA, MD, MA, MI, MO, NV, NJ, NM, NY, NC, OH, OR, PA, SC, TN, TX, VA, WA and WI. Admitted paper is available in some states; non-admitted placement is used where needed.
Are premium financing and endorsements supported?
Yes. Premium financing is available and a variety of class-specific endorsements can be added to tailor coverage for restaurants, contractors, technology firms and other targeted classes.
What information should I include with a submission?
Provide a current ACORD application, recent loss runs (5 years preferred), building and business personal property values, occupancy details, protection class or sprinkler info, and any risk control documentation (e.g., hood suppression inspection for restaurants).
Need help placing an account? Connect with a market specialist.