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.

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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

Producer
ian.saxelby@lockton.com
+44 11 7906 5033

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Paul Afteni

Head of Regulatory Professional Indemnity, Senior Vice President
Paul.Afteni@lockton.com
+44 20 7933 1498

General Inquiries

Get in touch

enquiries@uk.lockton.com

News and Insights

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Why land is a strategic risk asset for data centres

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Global demand for digital infrastructure has never been stronger. Cloud computing, artificial intelligence, and everyday digital life are driving record investment in new capacity. But to secure growth, it’s essential to treat land as a strategic risk asset – ...
Read moreWhy land is a strategic risk asset for data centres

Digital assets and probate: key considerations for executors

Digital assets – from cryptocurrency and non-fungible tokens (NFTs), to stablecoins, central bank digital currencies (CBDCs), and more – is a rapidly evolving field. Once a niche interest, around 12% of UK adults now own some form of digital assets – equivalent to 7 million people. According to Financial Conduct Authority research, consumers increasingly view these assets as part of their wider investment portfolio. For law firms and solicitors working in wills and probate, it is becoming increasingly common to see estates that include some form of digital assets. But with this comes new forms of risk – which practitioners can no longer afford to overlook:Digital assets – from cryptocurrency and non-fungible tokens (NFTs), to stablecoins, central bank digital currencies (CBDCs), and more – is a rapidly evolving field. Once a niche interest, around 12% of UK adults now own some form of digital assets – equivalent to 7 million people. According to Financial Conduct Authority research, consumers increasingly view these assets as part of their wider investment portfolio. For law firms and solicitors working in wills and probate, it is becoming increasingly common to see estates that include some form of digital assets. But with this comes new forms of risk – which practitioners can no longer afford to overlook:

Ensuring the bankability of long duration energy storage

As renewable energy plays an increasingly vital role in the global energy mix, forms of long-duration energy storage (LDES) are vital to meet overall energy demand, manage price volatility, and ensure reliable supply during periods of low generation. But as energy demand continues to grow, developers are increasingly targeting longer durations, and more complex projects. Inevitably, this introduces new challenges and risks that must be managed to make LDES a bankable prospect.As renewable energy plays an increasingly vital role in the global energy mix, forms of long-duration energy storage (LDES) are vital to meet overall energy demand, manage price volatility, and ensure reliable supply during periods of low generation. But as energy demand continues to grow, developers are increasingly targeting longer durations, and more complex projects. Inevitably, this introduces new challenges and risks that must be managed to make LDES a bankable prospect.

5 key claims trends impacting insurance brokers’ PII

The market for insurance brokers’ Professional Indemnity Insurance (PII) has seen claims surge in recent years. Economic turbulence, regulatory changes, and the complexity of modern insurance products mean that brokers are experiencing more frequently and costly claims than ever before. These often stem from issues around the quality of advice, and a lack of clarity around coverage – leaving brokers to navigate a volatile risk landscape.The market for insurance brokers’ Professional Indemnity Insurance (PII) has seen claims surge in recent years. Economic turbulence, regulatory changes, and the complexity of modern insurance products mean that brokers are experiencing more frequently and costly claims than ever before. These often stem from issues around the quality of advice, and a lack of clarity around coverage – leaving brokers to navigate a volatile risk landscape.
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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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