Lockton’s London-based International Management Liability (IML) team specialises in flexible, targeted insurance and risk management solutions for senior business executives. Backed by unrivalled expertise and strong international insurer relationships, our dedicated team currently places approximately 1,000 financial lines policies for 500 commercial clients.

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Management liability

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Tailored protection that you can rely on

Lockton’s London-based International Management Liability (IML) team specialises in made-to-measure, flexible insurance and risk management solutions for senior business executives. Backed by unrivalled expertise and strong international insurer relationships, our dedicated team currently places approximately 1,000 financial lines policies for 500 commercial clients.

We pride ourselves on our vast servicing capabilities, working with a range of clients from complex and multinational companies to innovative start-ups with a thirst to grow. Our policies are designed to help directors, officers and senior management navigate the increasingly regulated environment that businesses operate in today, providing effective protection from risky exposures.

We endeavour to fully understand our clients’ individual risk exposures and tailor each financial lines insurance programme to meet their specific needs. Free from the demands of stakeholders, our team are focused solely on our clients, offering industry-leading service that sets us apart from the competition.

What we bring to your business

  • Our expert IML service team has first-hand experience dealing with a wide range of risks, and can offer sound advice on the possible impacts of every scenario

  • We offer complete visibility around market cycles and the underwriting outcomes expected through hard and soft markets

  • Our strong reputation in the market drives the recruitment of high-calibre individuals that provide outstanding support to clients

  • The team’s incredibly low staff turnover means we can offer consistent service and stability, with the same account team you meet at the beginning staying to guide you throughout

  • Lockton’s lasting relationships with key insurers help us to secure the best terms and quickly resolve any coverage or claims issue

  • We offer exclusive coverage forms for D&O liability insurance and commercial crime insurance with limited exclusions and broad coverage conditions

Our core product insurance offerings

  • Directors and Officers Liability (D&O)

  • Public Offering of Securities Insurance (POSI)

  • Commercial Crime, including full limit social engineering coverage

  • Employment Practices Liability (EPL)

  • Pension Trustee Liability (PTL), including run-off

  • Charity Trustee Liability

Our core product insurance offerings

  • Directors and Officers Liability (D&O)

  • Public Offering of Securities Insurance (POSI)

  • Commercial Crime, including full limit social engineering coverage

  • Employment Practices Liability (EPL)

  • Pension Trustee Liability (PTL), including run-off

  • Charity Trustee Liability

Our team

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Michael Lea

Partner, Head of Management Liability
michael.lea@lockton.com
+44 20 7933 2669

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Jo Newman

Senior Vice President
jo.newman@lockton.com
+44 207 933 2674

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Ian Nichol

Senior Vice President
ian.nichol@lockton.com
+44 207 933 2670

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Sam Godby

Senior Vice President
sam.godby@lockton.com
+44 207 933 2883

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David Crow

Senior Vice President
david.crow@lockton.com
+44 207 933 2137

General Inquiries

Get in touch

enquiries@uk.lockton.com

News and Insights

Lockton, the world’s largest independent insurance broker, is proud to announce two key senior promotions within its Crisis Management team. Helen Sandford has been appointed as Head of Special Crime and Freddie Schlesinger has been appointed as Head of Product Recall and Reputational Risk, effective 1st May 2024. They will both support the continued growth of the Crisis Management team, which includes War, Terrorism & Political Violence, Special Crime, and Product Recall & Reputational Risk under one roof. Helen and Freddie will report to Matt Humphries, Head of Crisis Management.Lockton announces senior promotions in Crisis Management team

Lockton announces senior promotions in Crisis Management team

article
Lockton, the world’s largest independent insurance broker, is proud to announce two key senior promotions within its Crisis Management team. Helen Sandford has been appointed as Head of Special Crime and Freddie Schlesinger has been appointed as Head of Produc ...
Read moreLockton announces senior promotions in Crisis Management team

Law firms: limiting liability in engagement letters

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. 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.

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.
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