Providers of professional services can find themselves in disputes with their clients and others claiming damages allegedly caused by their services’ failure to meet their expectations or the legal standard of care. Even when these claims have little or no merit, professional firms must pay for a defence against such allegations, and may even find that a settlement is preferable to the uncertainty and expense of protracted litigation.

— PRODUCT

Professional Indemnity

Professional Indemnity

Providers of professional services can find themselves in disputes with their clients and others claiming damages allegedly caused by their services’ failure to meet their expectations or the legal standard of care. Even when these claims have little or no merit, professional firms must pay for a defence against such allegations, and may even find that a settlement is preferable to the uncertainty and expense of protracted litigation.

Wide Array of Clients

Lockton works with a wide array of clients in the professional liability arena, including (but not limited to):

  • Accountants

  • Architects

  • Construction & engineering firms

  • Design professionals

  • Healthcare workers

  • Insurance brokers

  • Independent financial advisors

  • Management consultants

  • Physicians

  • Solicitors

  • Surveyors

Unparalleled Knowledge

Lockton is one of the leading advisors on professional indemnity insurance. We have unparalleled knowledge of the coverage available under professional indemnity insurance policies, and strong relationships with a wide array of top professional indemnity providers

Adding Value

Lockton also offers our customers comprehensive online insurance quote, claim and policy management alongside a wealth of benchmarking and customer information. For an example, please visit www.locktonlaw.com (opens a new window) or www.locktonsolicitors.co.uk (opens a new window)

Key Contacts

Kevin
Wong
Vice President - Professional and Executive Risk - Greater China
+852 2250 2886
Email

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Latest News & Insights

Lockton, the world’s largest independent insurance broker, is proud to announce a two-year sponsorship of Data Cloud, a leading platform for thought leadership in the data centre, cloud, artificial intelligence, and digital infrastructure sectors. Lockton announces 2-year sponsorship of Data Cloud to support evolving Data Center Risks Landscape

Lockton announces 2-year sponsorship of Data Cloud to support evolving Data Center Risks Landscape

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Lockton announces 2-year sponsorship of Data Cloud to support evolving Data Center Risks Landscape

5 Proven Strategies to Reduce Employee Healthcare Costs Without Compromising Benefits

Optimize Employee Healthcare Plans with IPMI Solutions Providing comprehensive healthcare coverage for employees is a top priority for businesses, yet rising healthcare costs and inflation pose significant challenges. Companies across Asia are feeling the pressure from increasing healthcare expenses driven by higher labor, equipment, and medicine costs. However, with the right strategies, businesses can leverage global healthcare solutions like International Private Medical Insurance (IPMI) to manage costs effectively without compromising essential benefits. IPMI stands out as an exceptional option for enhancing benefits for top global talent, expatriates, and frequent travelers. This insurance ensures seamless access to medical facilities across multiple countries, allowing individuals to receive necessary care wherever they are in the world. HR leaders can evaluate the advantages of IPMI alongside local health insurance plans to choose the best option for their organization. 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Here are five strategies for HR leaders in Asia to optimize employee healthcare plans and reduce costs without sacrificing quality: Evaluate and Refresh Your Current Plan: Regularly review healthcare policies to ensure they remain competitive and aligned with evolving employee needs. Offering global healthcare options like IPMI can attract and retain top talent. Consider Switching Providers: Take advantage of the competitive healthcare insurance market in Asia by exploring alternative insurers. Negotiate special rates for IPMI policies while ensuring local employees are covered through cost-effective plans. Analyze Claims Data for Cost Drivers: Identify patterns in claims data to uncover cost drivers. Educate employees on appropriate coverage use to reduce unnecessary claims and optimize IPMI utilization. Invest in a Wellness Program: Encourage healthier lifestyles through wellness initiatives, which can lower healthcare costs and improve employee productivity and satisfaction. 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Payment considerations following ransomware attacks

Both the frequency and sophistication of ransomware attacks are rising. Affected businesses can be tempted to authorise requested ransom payments to renormalise operations as fast as possible. However, this is not a decision any company should hastily take without thorough consideration and due diligence. Both the frequency and sophistication of ransomware attacks are rising. Affected businesses can be tempted to authorise requested ransom payments to renormalise operations as fast as possible. However, this is not a decision any company should hastily take without thorough consideration and due diligence.

Why risk needs to be part of your renewable project narrative

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