Overview of the Program From Southern Insurance Underwriters
SIU’s admitted Building Owners Insurance program is built for commercial and residential property owners who need comprehensive protection for their buildings and premises liability. Whether the account is a single-tenant retail space, a small office building, an apartment complex, or a mixed-use portfolio, SIU provides market access and underwriting support to help you bind coverage efficiently.
Because SIU can place business in both admitted and surplus lines, agents can pursue accounts that meet traditional carrier guidelines as well as harder-to-place risks without opening multiple broker channels.
Ideal Accounts and Appetite
The program targets a range of commercial and habitational risks, including:
- Shopping centers and strip malls
- Office buildings (single- or multi-tenant)
- Apartment complexes and multi-family properties
- Mixed-use properties
- Vacant or partially occupied structures (placed via E&S markets)
Typical fits include small to mid-size owners and portfolios that need broader property enhancements or more flexible terms than standard markets offer. Accounts with prior losses, unique construction, or partial vacancy can often be placed through SIU’s E&S relationships.
Example: You might have a client who owns a 15,000 sq. ft. strip center seeking improved property limits and a property enhancement endorsement, or a landlord with a handful of small apartment buildings looking for combined property and general liability coverage — SIU can compete on both.
Coverage Highlights and Advantages
The Building Owners program provides a mix of core and optional coverages to tailor protection:
- Commercial Property (building, contents, business income)
- General Liability
- Crime
- Inland Marine for portable property
- Automobile coverage where applicable
- Excess or Umbrella liability options
- Property enhancement endorsement with 20+ additional coverages
Coverage can be written through admitted markets for many accounts, with E&S available for higher-risk or non-standard situations. Importantly, the program does not use credit or insurance score rating, which can broaden placement options for some insureds.
Underwriting Notes and Minimum Premiums
SIU can place accounts up to $3 million Total Insured Value (TIV) without reinsurance; larger or more complex risks may be placed via E&S or specialty markets. Minimum premiums vary by carrier, line, and account characteristics; SIU works with agents to present competitive premium structures and to identify the best markets for each risk.
Territories and Availability
This Building Owners Insurance program is available in:
- Alabama (AL)
- Georgia (GA)
- South Carolina (SC)
SIU’s regional focus in the Southeast means underwriters understand local exposures, construction profiles, and municipal differences—useful when placing regional portfolios or multi-location accounts.
Why Work With Southern Insurance Underwriters?
As a managing general agency with deep regional experience, SIU gives agents access to multiple "A" rated carriers and a responsive underwriting team. Their flexibility across admitted and E&S markets helps you keep business in-house rather than chasing multiple wholesalers. SIU supports submissions for new business and for accounts that have been non-renewed or declined elsewhere, offering practical solutions and endorsements to broaden protection.
Contact Southern Insurance Underwriters today to discuss your next Building Owners Insurance opportunity.
Frequently Asked Questions
What types of accounts are a good fit for this Building Owners Insurance program?
This program is ideal for commercial and residential property owners, including shopping centers, office buildings, apartment complexes, and mixed-use properties.
Is this program available for risks that fall outside standard underwriting guidelines?
Yes. SIU offers access to E&S markets for risks that do not meet admitted market guidelines, such as vacant buildings or properties with prior losses.
Which states is this program available in?
The Building Owners Insurance program is available in Alabama, Georgia, and South Carolina.
Are property enhancement endorsements included?
Yes. A property enhancement endorsement is available and includes over 20 additional coverages to broaden protection for your client’s assets.
Do credit scores affect eligibility for coverage?
No. This program does not use credit or insurance scoring in the underwriting process.
Need help placing an account? Connect with a market specialist.