A well-developed Special Risk solution can be the factor that wins our client the contract, enables financing, gains approval for a project with risks that otherwise would not be manageable.

Lockton’s Marine Project Risk team develops products akin to financial instruments or options, which deliver solutions to exposures not covered by other policies: currency losses or gains not realisable due to cancellation; the appreciation of an asset or the NPV of a contract.

Risks insured for clients range from physical or non-physical events not impacting insured assets, including Force Majeure and onshore events, credit and political risks.

Marine Project Risk in some ways mirrors the very nature of the global shipping industry; to constantly explore and look for new opportunity, to go where no one has gone, to deliver projects with solutions never seen before. To bring trade, jobs, and infrastructure where none existed.