Backed by years of industry experience, Lockton’s specialist team of Cargo and Logistics insurance specialists can help you navigate these threats by placing tailored insurance solutions. We design reliable, cost-effective policies that that respond in a crisis, protecting your business from financial damage.

PRODUCTS AND SERVICES

Cargo and Logistics

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A fresh approach to cargo insurance

When it comes to shipping goods around the world, businesses have never faced more pressing risks than they do today.

Backed by years of industry experience, Lockton’s specialist team of Cargo and Logistics specialists can help you navigate these threats by placing tailored insurance solutions. We design reliable, cost-effective policies that that respond in a crisis, protecting your business from financial damage.

We work with a wide range of industries on both a retail and wholesale basis, across a vast array of product lines – from stock throughput to contractors’ equipment, right through to project cargo and war on land. Through our lasting relationships with Lloyd’s and other leading global insurers, we’ll help secure you the best possible coverage, regularly reviewing this to ensure maximum suitability.

Should you need to make a claim, no matter how complex, you can be sure that our highly experienced claims team will work to protect your interests and help you obtain the best possible results.

Our services

What we bring to your business

  • A service-oriented approach - The same experienced account team you meet at the beginning will be there to guide you throughout, advocating for your needs in the insurance marketplace

  • Global capabilities - Lockton is supported by our global network of over 200+ cargo experts across over 140 countries. Using localised expertise, we will support your commercial opportunities in North America, Latin America, Europe, Asia, Australia and the Middle East

  • Tailored coverage - As an independent broker, we’re driven solely by your needs. We’ll get to know your business, conducting in-depth reviews of your existing cover before securing a bespoke solution that meets your unique requirements

  • Market knowledge - Our cargo team is made up of true industry experts who have experienced almost every type of cargo claim. We understand the cyclical nature of the market, and can help prepare your business for any eventuality

Industries we support

  • Agriculture

  • Automotive

  • Food and beverages

  • Commodities

  • Construction

  • Energy

  • Equipment

  • Farming

  • Financial institutions

  • High-tech

  • Logistics and supply chain

  • Mining

  • Oil and gas

  • Pharmaceuticals / life sciences

  • Project cargo

  • Subsea

  • Warehousing

Additional services

The cargo insurance market is diverse and provides opportunities for a wide range of insurance products related to the movement and storage of goods and equipment.

  • Stock throughput

  • Excess stock

  • Project cargo including delay in start up

  • Equipment physical damage

  • Livestock and equine

  • Transportation

  • War risk, terrorism and political risks

When it happens to you, it happens to us

Our Cargo and Logistics claims team has decades of loss handling experience in all kinds of risk areas, and we are committed to providing you with the service, support and advice you need throughout the claims handling process.

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Our Cargo & Logistics Insurance Team

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David Ripton

Head of Marine & Cargo
David.Ripton@lockton.com
+44 207 933 1404

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Peter Hall

Head of Cargo and Logistics
peter.hall@lockton.com

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Maxim De Prins

Senior Vice President - Marine Cargo – Pharma, Food & Beverage
Maxim.DePrins@lockton.com
+44 207 933 1659

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Michael Marcou

Head of HiTech and Auto
Michael.Marcou@lockton.com
+44 207 933 1658

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Kevin Brown

Senior Commodities Broker
Kevin.Brown@lockton.com
+44 207 933 1524

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Lee Lockyer

Account Executive/Producer
lee.lockyer@lockton.com
+44 207 933 1525

News and Insights

Most firms very wisely seek to limit their liability to clients in their engagement letters. It makes sense to do this so the firm and the client both know how much financial compensation might be available if things go wrong. 
But while limiting liability is good risk management practice, such clauses must be drafted carefully to be effective. Problems arise where the perceived losses are more than the limit of liability contained in the engagement letter. And if restrictions and exclusions are too onerous, they could be deemed unenforceable, leaving liability unrestricted.
Law firms: limiting liability in engagement letters

Hydrogen vehicles and refuelling stations: property considerations

Increasing fuel costs and the  ongoing need to reduce carbon emissions means that businesses continue to look at reducing their reliance on the fossil fuel internal combustion engine.  Electric vehicles are at present the main contender, although hydrogen-based technology could provide another alternative for commercial vehicles. Hydrogen has been used for many decades in various industries and provides a high energy density  fuel when burned, producing no greenhouse gases. However, hydrogen also presents several hazards and there are safety factors to consider when planning its storage and use. Increasing fuel costs and the  ongoing need to reduce carbon emissions means that businesses continue to look at reducing their reliance on the fossil fuel internal combustion engine.  Electric vehicles are at present the main contender, although hydrogen-based technology could provide another alternative for commercial vehicles. Hydrogen has been used for many decades in various industries and provides a high energy density  fuel when burned, producing no greenhouse gases. However, hydrogen also presents several hazards and there are safety factors to consider when planning its storage and use.

Golden thread: BSA requirements create additional cyber exposure

The Building Safety Act 2022 and the associated Building (Higher-Risk Buildings Procedures) (England) Regulations 2023 introduced significant information retention requirements through their ‘golden thread’ provisions. These apply to buildings defined as ‘higher risk’ in the legislation.

The golden thread comprises information to create a proper understanding of a building and consequently the steps needed to keep both the building and people safe. It is envisioned as a building’s ‘single source of truth’, and to avoid obsolescence and omission errors, it is not intended to be held across multiple sources or even duplicated (save back up).

The legislation stipulates that the golden thread information must be held digitally, and to protect both personal information and the security of the building, it must be held securely.The Building Safety Act 2022 and the associated Building (Higher-Risk Buildings Procedures) (England) Regulations 2023 introduced significant information retention requirements through their ‘golden thread’ provisions. These apply to buildings defined as ‘higher risk’ in the legislation.

The golden thread comprises information to create a proper understanding of a building and consequently the steps needed to keep both the building and people safe. It is envisioned as a building’s ‘single source of truth’, and to avoid obsolescence and omission errors, it is not intended to be held across multiple sources or even duplicated (save back up).

The legislation stipulates that the golden thread information must be held digitally, and to protect both personal information and the security of the building, it must be held securely.

Deepfake and the risk of vendor fraud: challenges and solutions for solicitors

Advances in artificial intelligence (AI) technology are increasing the threat to solicitors of deepfake-enabled vendor fraud, with conveyancing and property transactions a particular target. Where successful, these frauds can inflict significant financial and reputational harm, both on a firm and its clients.

To protect themselves, solicitors must adopt proactive measures to bolster their verification procedures and minimise their exposure.Advances in artificial intelligence (AI) technology are increasing the threat to solicitors of deepfake-enabled vendor fraud, with conveyancing and property transactions a particular target. Where successful, these frauds can inflict significant financial and reputational harm, both on a firm and its clients.

To protect themselves, solicitors must adopt proactive measures to bolster their verification procedures and minimise their exposure.
See all news and insights

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