Manage complex project risks with Lockton Asia's construction insurance solutions. We provide expert risk management for contractors and developers across APAC.
— PRODUCT
Construction
Insurance Solutions for all Stages of Project Delivery
Our breadth and depth of experience, market presence and dedicated construction specialists located across Asia ensure that we deliver the insurance, risk management advice and support that your business needs. We have a detailed, local understanding of the issues you face and access to an extensive network of the world’s specialist insurers.
Insurance that Delivers when You Need It Most
We are committed to providing exceptional standards of service through innovative insurance and risk management solutions. This will assist you in achieving your business goals, whether that be reducing or controlling claims costs and financing risks - enabling you to deliver your
projects on time and to budget.
Specialist Expertise
Project owners, developers, architects and engineers, contractors and trade specialists at every level depend on our team’s expansive construction risk expertise. Our approach to risk extends beyond buying insurance and the efficacy of our client partner’s approach to risk, including management controls and risk financing strategy, is a key component of the risk
transfer process.
Our Products and Services
We offer a range of products including:
Contract works
Third party liability
Delay in start-up
Surety
Cyber
Parametric products (non-damage business interruption)
Statutory liability
Builders warranty
Marine cargo and transit
Our services include:
Claims advocacy
In-depth contract review and advice
Negotiation with lenders and legal (due diligence)
Risk control services and consulting
Analytics
Program design (annual, project specific, and difference in conditions)
Secure your Site with a Bespoke Wrap-up Program
Whether it’s a commercial, residential or engineering project, it is important to protect against potential loss of revenue should a contractor or subcontractor incident occur.
Lockton’s Controlled Insurance Programs or Wrap-Up, is tailored to your complex needs and specific project requirements.
Integrating loss control, claims management and risk management under a Controlled Insurance Program, all enrolled contractors and/or subcontractors at the project site receive adequate and consistent coverage aligned to contract requirements.
We operate in the following key areas:
Onshore power and energy
Oil, gas and petrochemicals
Mining
Commercial and residential building and civil engineering
A large-scale cyber-attack targeting supermarket refrigeration systems across Europe has demonstrated how cyber incidents can quickly translate into physical damage and product spoilage losses. The incident affected multiple leading retailers and disrupted ope ...
