— PRODUCTS AND SERVICES

Insurance Brokers and Independent Financial Advisors

Targeted professional indemnity programmes, built around you

While the insurance market has never been more challenging for independent financial advisors and insurance brokers, Lockton’s specialist PI practice has the expertise and reputation required to secure uncompromised, cost-effective professional indemnity insurance for our clients.

Harnessing an in-depth understanding of the unique challenges faced by individuals and firms in this sector, our highly experienced brokers and technicians will help you face these head on. Leveraging market intelligence, global expertise and key insurer relationships, we’re uniquely placed to negotiate the best possible deal for our clients.

Our professional indemnity policy wording for insurance brokers is endorsed by the British Insurance Brokers Association (BIBA), ensuring that you will be receiving the highest standard of policy. As a Lloyd’s broker, we can also reach out to the wider market to provide cover for speciality risks as needed.

Watertight insurance and risk solutions, tailored to your needs and to the size of your business, including value-added solutions in unusual cases or exceptional circumstances
Dedicated account executives who concentrate solely on insurance brokers and independent financial advisors
Support from our in-house team of claims advocates who will help to guide you through the claims process. We have the experience and expertise to assist your business through any claim, no matter how complex

Wealth of experience – our dedicated claims team has a wealth of experience in dealing with exactly the type of claims you may face
Offices throughout the UK, enabling us to provide bespoke, face-to-face advice to you, wherever you are in the world

Cyber and data liability insurance
Management liability insurance (directors’ and officers’ liability insurance)
Employers’ liability insurance
Public liability insurance

Office insurance
Crime Insurance
Claims consultancy
Risk management consultancy

Our team

Ian Saxelby

Vice President
ian.saxelby@lockton.com
+44 11 7906 5033

Emma Poole

Senior Vice president
emma.poole@lockton.com
+44 11 7906 5006

Get in touch

enquiries@uk.lockton.com

News and Insights

In this latest update, Lockton’s Retail Insurance experts analyse how the insurance industry can help alleviate some of these issues, including potential opportunities to reduce General Liability costs, exciting opportunities for Cyber insurance buyers, and more.

Retail Insurance Market Update - Q2 2023

As a result of the mounting energy prices, wage inflation, and dwindling sales volumes, the retail sector finds itself under increasing pressure. In this latest update, Lockton’s Retail Insurance experts analyse how the insurance industry can help alleviate so ...

Five years of GDPR: UK insurance considerations

The Information Commissioner’s Office (ICO) made it clear upon introduction of the UK GDPR, referred to as the Data Protection Act 2018 (DPA 2018), that the regulation was not a tool to punish, but rather its goal was “guiding, advising and educating organisations…preferring the carrot to the stick.” However, with significant maximum fines of 4% of annual turnover or GBP 17.5million, many businesses have sought to transfer this risk to insurance products.

People errors – how to alleviate insurers’ concerns

The ongoing talent shortage within the accountancy sector is increasing the workload for employees. In an industry where hybrid and remote working practices have become the norm, firms are facing new challenges arising from inadequate training, development and supervision. Professional indemnity insurers will be looking closely at how firms respond.

Cryptocurrency insurance – best practices for custodians

The advantages of cryptocurrencies continue to draw interest from investors and businesses, creating demand for crypto-related services. As the market evolves, underwriters are becoming increasingly sensitive to the risks involved in the custody and management of cryptocurrency and other digital assets. Firms seeking to insure themselves against such risks must ensure they have robust mitigation measures in place to alleviate concerns.

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