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.

PRODUCTS AND SERVICES

Insurance Brokers and Independent Financial Advisors

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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.

What we bring to your business

  • 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

Our Services

  • 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

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Ian Saxelby

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

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Emma Poole

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

News and Insights

Structured risk solutions can offer a viable solution to traditional insurance programs for many buyers, allowing them to be less reliant on traditional market cycles and retain more risk while reducing volatility, panelists on a recent Lockton webcast said.Webcast Replay | Structured Risk Solutions 101

M&A best practice: harmonising employee benefits

Undertaking a merger or acquisition (M&A) can be an exciting time, offering new opportunities, fresh ways of working, and the potential for growth. But for employees, M&A can also bring uncertainties – not least, around the status of their employee benefits. Failure to plan effectively could see much-needed benefits interrupted, with damaging consequences for satisfaction and productivity. And where employees suffer, it can threaten the success of the merger or acquisition overall.

To avoid these scenarios, it’s vital that companies take steps to secure a smooth transition of employee benefits during any M&A. If successful, a merger can empower employees to succeed within the workplace and beyond. The process of merging benefits is not easy, however – and various considerations need to be made.Undertaking a merger or acquisition (M&A) can be an exciting time, offering new opportunities, fresh ways of working, and the potential for growth. But for employees, M&A can also bring uncertainties – not least, around the status of their employee benefits. Failure to plan effectively could see much-needed benefits interrupted, with damaging consequences for satisfaction and productivity. And where employees suffer, it can threaten the success of the merger or acquisition overall.

To avoid these scenarios, it’s vital that companies take steps to secure a smooth transition of employee benefits during any M&A. If successful, a merger can empower employees to succeed within the workplace and beyond. The process of merging benefits is not easy, however – and various considerations need to be made.

Retail Practice Group H2 2023 Insurance Market Update

Retailers are currently in the midst of a key trading period amongst fairly gloomy predictions for the economy and a lack of consumer confidence is driving a more cautious approach to spending on discretionary items.    Retailers are currently in the midst of a key trading period amongst fairly gloomy predictions for the economy and a lack of consumer confidence is driving a more cautious approach to spending on discretionary items.  

Managing against basement flooding in urban areas

Sewers in cities across the globe are struggling to cope with the rapidly changing climate. In July 2023, New York suffered some of the most intense rainfall in its history, while in 2021, London was hit with two flash floods just two weeks apart which cost insurers tens of millions of pounds in claims. As more frequent storms overload old, often poorly maintained drainage systems, basement properties are under increasing threat. Sewers in cities across the globe are struggling to cope with the rapidly changing climate. In July 2023, New York suffered some of the most intense rainfall in its history, while in 2021, London was hit with two flash floods just two weeks apart which cost insurers tens of millions of pounds in claims. As more frequent storms overload old, often poorly maintained drainage systems, basement properties are under increasing threat.
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We bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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