Ideal Accounts and Target Classes
This program is an excellent fit for agents working with clients who own or manage substantial real estate portfolios or large commercial facilities. Target classes include:
- Municipalities
- Office Buildings
- Condominiums
- Hotels
- Retail Centers
- Educational Facilities
- Hospitals
- Warehouses
- Restaurants
- Health Clubs
You might have a client with a regional chain of hotels needing a comprehensive property solution, or a municipality looking to insure its civic buildings—IPMG’s Large Property Program can help you place these accounts efficiently.
Restricted Classes
To maintain underwriting integrity, certain property types are excluded from this program:
- Transmission and distribution lines
- Steel mills or metal foundries
- Recycling plants
- Student housing
- Sawmills
- Poultry or hog farms
- Railroads
- Plastics manufacturers
- Tire retreading or manufacturing
- Nightclubs
- Bowling alleys or video game arcades
- Inflatable domes
- Marinas or boat industry risks
- Explosives or fireworks manufacturers
- Greenhouses
- Grain or seed milling operations
- Vacant properties
- Properties with less than 80% occupancy
Coverage Highlights and Program Advantages
The program offers broad property coverage through Lloyd’s, giving you access to a globally recognized market with the flexibility to handle complex or high-value risks. IPMG brings deep underwriting expertise and a hands-on approach to structuring coverage for large-scale property accounts, helping you deliver value to your clients while managing risk effectively.
Underwriting Notes and Minimum Premium
To qualify for this program, properties must meet underwriting criteria including occupancy requirements and acceptable construction standards. The minimum premium for this program is $10,000, making it well-suited for high-value property schedules and larger commercial entities.
Territories and Availability
Currently, the Large Property Insurance Program is available in Illinois and Missouri. Coverage is offered on a non-admitted basis, with admitted options available in some states depending on the risk and carrier approvals.
Why Work With IPMG?
Insurance Program Managers Group (IPMG) is a trusted partner for agents and brokers placing complex commercial risks. With access to Lloyd’s and other specialty markets, IPMG combines underwriting expertise with responsive service. Whether you're working on a large municipality account or a commercial property portfolio, IPMG helps streamline the placement process from quote to bind.
Give us a call to learn more about placing your large property accounts through IPMG’s specialized program.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Ideal accounts include municipalities, office buildings, hospitals, educational facilities, hotels, and large retail locations with total insured values between $25 million and $250 million.
Are there any occupancy requirements?
Yes, properties must maintain at least 80% occupancy to be eligible for this program.
What is the minimum premium for this program?
The minimum premium starts at $10,000, making it suitable for large-scale property risks.
Is the program available on an admitted basis?
Coverage is primarily offered on a non-admitted basis, with admitted options available in some states depending on the risk profile.
Which states is this program currently available in?
This program is currently available in Illinois and Missouri.
Need help placing an account? Connect with a market specialist.