Risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder project delivery. Where ever you are in the construction journey – from project conception to completion it is important to be risk-aware and ensure you have the necessary insurance to cover accidental risks of physical loss or physical damage during construction, third party liability and advance loss of profits.

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Rely on specialist expertise to protect your business

Risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder project delivery. Where ever you are in the construction journey – from project conception to completion it is important to be risk-aware and ensure you have the necessary insurance to cover accidental risks of physical loss or physical damage during construction, third party liability and advance loss of profits.

Builders, designers, architects, engineers and trade specialists at all stages of a project depend on Lockton to identify potential risks and produce a customised program to cover them. Our priority is to provide the most comprehensive cover while reducing your total cost.

Our industry experience includes managing small to multi-billion dollar projects within oil, gas, petrochemicals, mining, iron and steel, transportation, buildings and civil engineering.

As a specialist in construction, Lockton has built strong relationships with domestic and international providers at all levels from underwriters to management. This gives us the leverage in the marketplace to successfully deliver your program and ensure that you are always matched to the provider who best meets your specific needs.

Our Products and Services

  • Contract Works and Builders Warranty

  • Trade Credit and Surety

  • Property and Business Interruption

  • Plant and Machinery

  • Accident and Health

  • Public and Product Liability

  • Workers' Compensation

Our team has specialist experience in the design, placement and servicing all types of onshore power, energy and construction projects throughout the world. We arrange insurance and risk transfer options for single projects as well as global facilities with multi project coverage.

Interested in mutual catastrophe cover?

Ask us for more information on contract works insurance programs in territories affected by natural catastrophe such as wind storm, flood zones and similar. Our experts can help you with:

  • Full cover for projects

  • Difference in conditions cover

  • Deductible buy-down protection

With a global footprint of 135+ offices, there’s sure to be one near you.

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*135+ Lockton offices and partner offices worldwide
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Latent Defects Insurance capacity finally enters market

The NSW Government has plans to make latent defects insurance compulsory by 2028, so now is the time for developers, owners and contractors to prepare. As one of the brokers with exclusive access to this much-needed LDI capacity, Lockton is pleased to help bring a critical insurance option to the market at a pivotal time for the industry. However, LDI must be purchased prior to the commencement of construction. Once works begin, it’s too late to secure cover.The NSW Government has plans to make latent defects insurance compulsory by 2028, so now is the time for developers, owners and contractors to prepare. As one of the brokers with exclusive access to this much-needed LDI capacity, Lockton is pleased to help bring a critical insurance option to the market at a pivotal time for the industry. However, LDI must be purchased prior to the commencement of construction. Once works begin, it’s too late to secure cover.

AI risks: what directors and officers need to know

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What insurance buyers need to know about Consequential Loss explained in three minutes

The purpose of Professional Indemnity (PI) insurance is to provide indemnity to an insured for legal liability to a third party who suffers loss as a result of the provision of the defined and declared professional service. Under the insurance policy, the insured normally also receives indemnity for the costs of investigation and defence of claims. Importantly, PI insurance can be tailored to the professional group covered. Typically, PI insurance may include optional extensions of cover for a range of matters, including indemnity for consequential loss for an additional premium. The purpose of Professional Indemnity (PI) insurance is to provide indemnity to an insured for legal liability to a third party who suffers loss as a result of the provision of the defined and declared professional service. Under the insurance policy, the insured normally also receives indemnity for the costs of investigation and defence of claims. Importantly, PI insurance can be tailored to the professional group covered. Typically, PI insurance may include optional extensions of cover for a range of matters, including indemnity for consequential loss for an additional premium.
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