We understand our clients’ insurance needs and provide bespoke solutions. By offering our clients support and guidance in identifying those uninsured risks we can advise how they can be managed effectively.

PRODUCTS AND SERVICES

Risk Management Services

Not all risks can be covered by insurance

Lockton's consultative process analyses different captive options

We understand our clients’ insurance needs and provide bespoke solutions. By offering our clients support and guidance in identifying those uninsured risks we can advise how they can be managed effectively.

Our approach is systematic and inclusive, designed to analyse, resolve and cover. 

This process can be very beneficial in assisting management in formulating an efficient risk financing program that contributes to the overall reduction in the cost of risk and contributes to greater earnings stability.

Our Products and Services

Consulting and advisory services:

  • Enterprise risk management

  • Insurable risks gap analysis

  • Business continuity management

  • Strategic and operational risk assessment

  • Risk profiling: including property loss control and business interruption 

  • Health and safety 

  • Training seminars and workshops

  • Captive and other self-insured structures

Analytical services: 

  • Claims analysis 

  • Risk retention analysis

  • Financial analysis stress test 

  • Advanced risk exposure analysis 

  • Program benchmarking

  • Captive feasibility focused on alternative self-insurance strategies and risk transfer methods

Key Contact

Placeholder image

Andrew Wait

Chief Operating Officer
andrew.wait@lockton.com
+61 499 975 012

We're here to help

We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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Latest news and insights

Amidst the ongoing discourse surrounding Victoria’s WorkCover Scheme Modernisation Act, attention has been drawn to what has been termed a "premium freeze”. But what does this term really mean? And how will the so-called premium freeze actually impact Victorian employers? In this arrticle, we explore these questions and provides valuable insights into what Victorian employers can actually expect at their upcoming workers' compensation renewal.The Victorian Workers' Compensation ‘Premium Freeze’: when a freeze is not a freeze

Aged Care Wage Increases: Risk and Insurance Perspectives

The Fair Work Commission's decision to increase wages for aged care workers by up 28.5 per cent to is set to have a significant impact on the sector. From mitigating risks to navigating insurance challenges, we explore what we consider to be some of the key potential risk and insurance implications of the wage increases for aged care providers. Discover why leveraging the wage increases as a catalyst for positive change could enable aged care providers to strategically position themselves for long-term success amidst the sector's challenging landscape.The Fair Work Commission's decision to increase wages for aged care workers by up 28.5 per cent to is set to have a significant impact on the sector. From mitigating risks to navigating insurance challenges, we explore what we consider to be some of the key potential risk and insurance implications of the wage increases for aged care providers. Discover why leveraging the wage increases as a catalyst for positive change could enable aged care providers to strategically position themselves for long-term success amidst the sector's challenging landscape.

Dan Chapman rejoins Lockton’s Trade Credit, Surety and Political Risk team

Mr. Chapman was one of the founding members of Lockton Australia in 2012 and returns to the business having spent the past seven years running the Credit Solutions team for Aon in Australia which saw a four-fold increase during his tenure. Mr. Chapman was one of the founding members of Lockton Australia in 2012 and returns to the business having spent the past seven years running the Credit Solutions team for Aon in Australia which saw a four-fold increase during his tenure.

Product recall: mitigating against labelling and packaging errors

Errors in the labelling and packaging process are one of the main drivers of product recalls in the global food and drink sector. Where such events occur, their impacts for businesses can be devastating – including consumer harm, financial loss, and reputational damage. As regulation tightens around labelling and packaging, and with a worsening economic climate driving potential errors, businesses must take steps to ensure their processes are robust.Errors in the labelling and packaging process are one of the main drivers of product recalls in the global food and drink sector. Where such events occur, their impacts for businesses can be devastating – including consumer harm, financial loss, and reputational damage. As regulation tightens around labelling and packaging, and with a worsening economic climate driving potential errors, businesses must take steps to ensure their processes are robust.
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