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.

— PRODUCTS AND SERVICES

Construction

Give your business a competitive advantage with customised risk management

Contact us

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 over 100 offices, there’s sure to be one near you.

Find an office
*100+ Lockton offices and partner offices worldwide
Lockton blue globe

Latest news and insights

Presenteeism: Friend of the “quiet quitter” but a costly foe to organisations

article
Snapshot: Beyond sick days: we explain and identify presenteeism’s causes and effects, and how organisations can overcome it. The link between presenteeism and the “quiet quitter” which is leading to more frequent/longer absences and staff turnover. The insura ...
Read morePresenteeism: Friend of the “quiet quitter” but a costly foe to organisations

The impact of interest rates and inflation on credit and political risks

As the global economy continues to feel the effect of the global pandemic and the ongoing war in Ukraine, world economies are now also facing a need to balance interest rates with rising inflation. Leading economists and central banks must deliberate on how best to manage these issues, and the secondary effects they bring with them, such as energy shortages and an increased cost of living. At the same time, businesses will continue to face market volatility and pressure on their supply chains. As the global economy continues to feel the effect of the global pandemic and the ongoing war in Ukraine, world economies are now also facing a need to balance interest rates with rising inflation. Leading economists and central banks must deliberate on how best to manage these issues, and the secondary effects they bring with them, such as energy shortages and an increased cost of living. At the same time, businesses will continue to face market volatility and pressure on their supply chains.

Tech layoffs: Q&A with Morag Fitzsimons

The economic climate has led to redundancies across the technology sector as companies reduce their costs to try to extend their runways. One of the unintended consequences of this is the impact on workers’ compensation which drives business costs up even further. The economic climate has led to redundancies across the technology sector as companies reduce their costs to try to extend their runways. One of the unintended consequences of this is the impact on workers’ compensation which drives business costs up even further.

Boardroom Briefing - September 2022

With the increasing spotlight and expectations on companies around environmental, social and governance issues come new and evolving areas of risk for boards and insurers. Listed companies, super funds and managed funds are firmly in ASIC’s sights for potential “greenwashing”. This emerging area of risk will continue to develop. With the increasing spotlight and expectations on companies around environmental, social and governance issues come new and evolving areas of risk for boards and insurers. Listed companies, super funds and managed funds are firmly in ASIC’s sights for potential “greenwashing”. This emerging area of risk will continue to develop.
See all news and insights