Lockton’s dedicated Property Insurance team specialises in the sourcing and securing of targeted, bespoke insurance and risk solutions to protect a key cornerstone of your business: your property. Using a detail-oriented, data-backed approach, and harnessing strong relationships with key insurers, we are uniquely equipped to deliver a lasting solution that is matched to your needs and aspirations.

PRODUCTS AND SERVICES

Corporate risk - Property

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Lasting solutions to mitigate your property risks

Lockton’s property insurance broking team is made up of highly experienced brokers who have significant knowledge of the insurance market and market cycles, coupled with strong key insurer relationships. Our approach has always been to build strong professional relationships with insurers, not only within the London market, but across insurance markets globally, to ensure we obtain the best coverage/cost combination for our clients.

The team’s focus and experience is in designing insurance programmes that are tailored to our clients’ specific needs, underpinned by robust analytical data and technical knowledge. Working closely with our risk control team, we advise on protective measures that dovetail with your insurance purchase strategy.

The broking team works closely with our claims specialists to enhance policy wordings and ensure they respond to any losses. The collaboration of a one-team approach continues to deliver exceptional results.

Our services

Sectors we cover

  • Hospitality

  • Food and drink

  • Manufacturing

  • Wholesale

  • Retail

  • Professional services

  • Pharmaceuticals

  • Telecommunications

  • Technology

  • Utilities and infrastructure

  • Waste management

What we bring to your business

  • Risk protection - Our risk control team works in partnership with our clients to provide a complete range of risk management support, including advice on protective measures to ensure your risk management strategy best protects your assets. Our expertise includes risk analysis, risk management strategy, business continuity planning and ongoing specialist advice.

  • Business impact analysis (BIA) - We work with you to understand the potential impact and cost of a major event at key premises. This is fundamental in revealing potential vulnerabilities and provides a foundation for building data-driven risk mitigation initiatives, or changes to your insurance programme structure and wording.

  • Business impact audit review - Building on the BIA, this audit puts greater focus on the financial impact of an event, ensuring your existing cover is fit for purpose. We will help you to de-risk ahead of any potential major claim, gathering key information for insurers and loss adjusters.

  • Programme structure design options - Our detailed analysis enables us to design a bespoke insurance programme with cover and limits that meet your specific needs now and into the future as your business evolves.

  • Major claims protocols and management - In conjunction with your key insurer and loss adjuster, we will work with you to design clear claims protocols in the event of a major loss event. This board-level roadmap encourages a stronger relationship between client, insurer and loss adjuster ahead of a major claim, which can work to expedite claim payments.

Our Property Insurance Team

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Tony Hardy

Partner
Tony.Hardy@lockton.com
+44 207 933 2893

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James Pryke

Partner
james.pryke@lockton.com
+44 758 540 4886

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Richard O'Keeffe

Partner
richard.okeeffe@lockton.com
+44 207 933 2396

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Jennifer Smith

Vice President
jennifer.smith@lockton.com
+44 207 933 2776

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Patrick Wilkinson

Assistant Vice President
patrick.wilkinson@lockton.com
+44 207 933 2231

News and Insights

The use of photovoltaic (PV) systems to generate clean sustainable energy is well established within the built environment, with installations becoming more of a ‘norm’, rather than an exception. However, the installation of PV systems to a building can introduce new hazards which may increase the likelihood or severity of a loss. Inside Risk: Mitigating the risks of roof mounted photovoltaic systems

New EU regulation on cultural goods: risk implications and guidance

New EU regulations to be introduced in June 2025 will ban cultural goods illegally exported from third countries from entering the EU. In addition, any party who imports cultural goods that originated outside the EU will face heightened due diligence requirements. The regulations are set to have a profound impact on dealers, collectors, and cultural institutions. Engaging with provenance research, legal advisors, and insurance professionals will be essential for anyone trading or collecting art.New EU regulations to be introduced in June 2025 will ban cultural goods illegally exported from third countries from entering the EU. In addition, any party who imports cultural goods that originated outside the EU will face heightened due diligence requirements. The regulations are set to have a profound impact on dealers, collectors, and cultural institutions. Engaging with provenance research, legal advisors, and insurance professionals will be essential for anyone trading or collecting art.

Managing the risks of data centre projects

Demand for data centre capacity is expected to grow fast rapidly in the next years, driven mainly due toby aArtificial iIntelligence (AI) advancements. To meet this demand, AI data centre capacity is projected to experience a compound annual growth rate (CAGR) of 40.5% through 2027, according to estimates from the International Data Corporation. Investors may put pressure on developers to deliver projects quickly as they are keen to reap the rewards. It is therefore paramount that developers have put in place a strict risk management process for each development phase in place to protect such high-value projects, and that they transfer excess risk to the insurance market.     Demand for data centre capacity is expected to grow fast rapidly in the next years, driven mainly due toby aArtificial iIntelligence (AI) advancements. To meet this demand, AI data centre capacity is projected to experience a compound annual growth rate (CAGR) of 40.5% through 2027, according to estimates from the International Data Corporation. Investors may put pressure on developers to deliver projects quickly as they are keen to reap the rewards. It is therefore paramount that developers have put in place a strict risk management process for each development phase in place to protect such high-value projects, and that they transfer excess risk to the insurance market.     

TA6 and TA7 Property Information forms: understanding the changes and implications

In March 2024, the Law Society issued a revised version to the TA6 and TA7 Property Information Forms. Compulsory use of the revised forms was due to come into effect on the 15 January 2025. However, this deadline has now been paused with a further update expected in the new year to allow the Law Society more time to engage with members.  Nevertheless, adopting the form as soon as possible will minimise the risk of regulatory fines, and limit firms’ exposure under their professional indemnity insurance (PII).In March 2024, the Law Society issued a revised version to the TA6 and TA7 Property Information Forms. Compulsory use of the revised forms was due to come into effect on the 15 January 2025. However, this deadline has now been paused with a further update expected in the new year to allow the Law Society more time to engage with members.  Nevertheless, adopting the form as soon as possible will minimise the risk of regulatory fines, and limit firms’ exposure under their professional indemnity insurance (PII).
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