Overview — Commercial Property Insurance from Insurance Program Managers Group (IPMG)
IPMG offers admitted and non-admitted Commercial Property Insurance solutions designed for a wide range of commercial owners and occupancies. As a Managing General Agency and Excess & Surplus Lines broker, IPMG places accounts with multiple markets (carriers vary) to secure the right terms and coverages for your clients’ property exposures.
Lines of Business
IPMG can place the following property lines:
- Buildings
- Contractors equipment
- Vacant buildings — commercial and residential
- Personal property
- Builders risk
- Motor truck cargo
- DIC — Florida wind
- Inland marine
Targeted Industries and Ideal Accounts
This program is tailored for agents handling middle-market commercial risks where flexible property solutions are required. Target classes include:
- Manufacturers
- Wholesale distributors
- Health care facilities
- Hotels and motels
- Bars, taverns and nightclubs
- Restaurants
- Mercantile operations
- Receivers / Chapter 11 situations
- Contractors
Example accounts that often fit well: a mid-sized wholesale distributor needing inland marine and building coverage, or a contractor group requiring contractors equipment plus builders risk for short-term projects.
Coverage Highlights and Advantages
- Admitted and E&S placement options to match client tolerance for coverage form and state requirements.
- Flexible solutions for vacant properties and receivership/chapter 11 exposures.
- Specific appetite for Florida risks including DIC wind placements where appropriate.
- Inland marine and motor truck cargo available for business operations with transportation or equipment exposures.
- Access to multiple markets — carriers vary by submission, allowing tailored quoting.
Underwriting Notes and Minimums
Typical fit: accounts with clear risk controls, up-to-date valuations, and straightforward loss history. Not every class will be available in all states or with admitted paper — IPMG evaluates each account and selects the best market. Minimum premium: $1,000. Higher limits, complex accounts (large vacant portfolios, catastrophic coastal exposures, or accounts with significant prior losses) may require additional underwriting information, valuations, photos, and/or risk mitigation details.
Appetite and Common Restrictions
Generally acceptable:
- Single-location and multi-location businesses within the targeted industries above
- Short-duration builders risk projects and contractors equipment schedules
- Properties in receivership or under chapter 11 with documented asset schedules
Typically restricted or needs prior discussion:
- Properties with extensive, unresolved prior losses or unrepaired major damage
- High-hazard manufacturing operations without loss control documentation
- Extreme coastal exposures requiring specialized coastal capacity beyond available DIC options
Territories and Availability
Availability: Most Available States (admitted and non-admitted placements). Primary states currently served include: FL, IL, IN, IA, MI, MO, WI. Submission requirements and admitted availability vary by state and by carrier.
Why Work With IPMG on Commercial Property?
- Program expertise across property, builders risk, inland marine and cargo lines.
- Ability to place admitted or E&S coverage depending on client need and regulator preference.
- Flexible approach to vacant property, DIC wind for Florida, and chapter 11/receivership accounts.
- Experienced underwriting and placement with multiple markets to help achieve terms and limits for middle-market commercial clients.
Frequently Asked Questions
What types of accounts are a good fit for IPMG’s Commercial Property program?
Middle-market commercial risks in the targeted industries (manufacturing, wholesale, hospitality, restaurants, contractors, mercantile, health care) and accounts that need builders risk, contractors equipment, inland marine or vacant property coverage. Receivership and chapter 11 situations are also within appetite with proper documentation.
Does IPMG write admitted paper or only non-admitted?
IPMG places both admitted and non-admitted (E&S) coverage depending on the state, carrier appetite, and the account’s needs. The program operates across most available states and will recommend admitted or non-admitted placement on a case-by-case basis.
What are the minimum premium and common submission requirements?
The program minimum premium is $1,000. Typical submissions should include location schedules, values (building and contents), loss history, and any risk control measures; additional documentation (photos, appraisals, or contractors schedules) may be requested for complex accounts.
Are Florida wind and DIC placements available?
Yes — IPMG has DIC options for Florida wind exposures as part of its property placement capabilities. Availability depends on the specific risk and market capacity at time of submission.
Need help placing an account? Connect with a market specialist.