AI Risk offers a specialized Shopping Centers Property program tailored for small shopping centers and malls under 150,000 square feet per location. Ideal properties include retail operations and commercial office tenants located in Alabama, Florida, Georgia, Louisiana, Massachusetts, Mississippi, North Carolina, South Carolina, and Texas. This program is well-suited for agents and brokers seeking reliable property coverage solutions for clients operating in these states, especially in coastal or wind-prone areas.
Ideal Accounts and Appetite
This program is designed for smaller-scale retail strip centers and commercial plazas that may include a mix of retail and professional office tenants. Properties should be well-maintained and located within the listed states. AI Risk has a strong appetite for:
- Neighborhood shopping centers
- Community strip malls with mixed-use commercial tenants
- Retail plazas with less than 150,000 square feet per location
Accounts with solid risk management and maintenance practices are preferred. Locations in coastal counties can still be eligible, though may be subject to different underwriting terms.
Coverage Highlights and Advantages
- Property limits available up to $10 million per location
- Primary per occurrence limit of $2.5 million may apply to high wind/coastal counties
- Wind deductible applies in certain regions
Whether your client owns a small retail plaza in Georgia or a mixed-use center in coastal Texas, this program provides tailored protection against property risks, including wind exposure in high-risk zones.
Underwriting Notes and Minimum Premiums
Minimum premium starts at $10,000 and will vary depending on property size, location, occupancy, and selected limits. AI Risk underwrites with a focus on coastal exposure management and property condition. Competitive terms are available for well-managed risks that meet program criteria.
Territories and Availability
This program is available in the following states: AL, FL, GA, LA, MA, MS, NC, SC, and TX. AI Risk writes on both an admitted and non-admitted basis depending on the state and risk characteristics.
Why Work With AI Risk?
AI Risk is a Managing General Agency and Carrier with specialized expertise in property risks for retail and commercial properties. Backed by AIG, this program delivers underwriting flexibility and strong carrier support. Agents benefit from responsive service, deep market knowledge, and access to tailored solutions for challenging exposures like wind-prone coastal areas.
Whether you need to place a small retail center in North Carolina or a multi-tenant strip mall in Louisiana, AI Risk helps you deliver property protection that fits your clients' needs.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Small shopping centers and retail plazas under 150,000 square feet, including those with mixed-use tenants like offices and retail stores, are ideal for this program.
Is this program available in coastal areas?
Yes, properties in coastal or wind-exposed counties are eligible, though they may be subject to a lower primary limit and a wind deductible.
What is the minimum premium for this program?
Minimum premium starts at $10,000, depending on coverage limits, location, and risk classification.
Which carrier backs this program?
This program is backed by AIG, offering strong financial support and claims capability.
Can I submit risks from outside the listed key states?
The core focus is on properties in AL, FL, GA, LA, MA, MS, NC, SC, and TX. Contact AI Risk for consideration of risks outside these states.
Need help placing an account? Connect with a market specialist.