In a highly litigious world, the advice that professional services businesses provide to their clients is increasingly open to challenge. Our experienced team of practitioners is dedicated to helping you manage and mitigate that risk, offering a range of tailored professional indemnity insurance and risk management services to protect your business.

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Professional Indemnity Insurance

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Our experience and market access makes the difference

In a highly litigious world, the advice that professional services businesses provide to their clients is increasingly open to challenge. Our experienced team of practitioners is dedicated to helping you manage and mitigate that risk, offering a range of tailored professional indemnity insurance and risk management services to protect your business.

Our clients come in all shapes and sizes, from small boutique practices to some of the largest in the world. Globally, we work with 30 of the top 100 law firms, eight of the top 20 largest ranked engineering and construction firms, as well as representing industry associations including the Association of Chartered Certified Accountants, The Law Society of Scotland and, our professional peers, British Insurance Brokers’ Association.

Utilising lasting relationships with highly-rated insurers across the globe, we also offer our clients exclusive access to insurance capacity and facilities for a variety of professions, including accountants, insurance brokers, IFAs, solicitors and surveyors.

Who we work with

What we bring to your business

Transparent advice - As an independent broker, we have no other agenda but to serve the interests of our clients. We offer honest, impartial advice at every stage, and we will be clear from the start of our engagement as to where we can add value to your business.

Greater choice - Leveraging our direct access to leading insurers, we’ll create unique solutions to meet your needs, even in a challenging market. If your ideal solution doesn’t yet exist, we’ll build it for you.

Continued service - We keep pace with your profession, providing innovative solutions that adapt to your specific industry needs. Our client web portals provide expert advice, industry guides, educational materials and   thought-provoking research papers, which can help support continuing professional development.

An innovation-led business - Our highly-skilled claims advocates team share many years of legal and market experience, and will work tirelessly to ensure the efficient handling and settlement of your claim. We also provide personalised guidance on the renewal process and your cover options.

Our services

  • Professional indemnity insurance

  • Multi-year single project professional indemnity

  • Cyber liability insurance

  • Management liability insurance

  • Crime insurance

  • Regulatory response insurance

  • Asset protection insurance

  • Package office insurance (Lockton Office Guardian)

  • Risk management advice, training and consultancy

Our team

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Brian Boehmer

Partner
brian.boehmer@lockton.com
+44 207 933 2083

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Lorraine Boyle

Partner
lorraine.boyle@lockton.com
+44 13 1345 5552

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Stephen Davey

Partner
stephen.davey@lockton.com
+44 207 933 2667

News and Insights

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. Hydrogen vehicles and refuelling stations: property considerations

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.

Deepfake and the risk of vendor fraud: challenges and solutions for solicitors

Advances in artificial intelligence (AI) technology are increasing the threat to solicitors of deepfake-enabled vendor fraud, with conveyancing and property transactions a particular target. Where successful, these frauds can inflict significant financial and reputational harm, both on a firm and its clients.

To protect themselves, solicitors must adopt proactive measures to bolster their verification procedures and minimise their exposure.Advances in artificial intelligence (AI) technology are increasing the threat to solicitors of deepfake-enabled vendor fraud, with conveyancing and property transactions a particular target. Where successful, these frauds can inflict significant financial and reputational harm, both on a firm and its clients.

To protect themselves, solicitors must adopt proactive measures to bolster their verification procedures and minimise their exposure.

Product recall: mitigating against labelling and packaging errors

Errors in the labelling and packaging process are one of the main drivers of product recalls in the global food and drink sector. Where such events occur, their impacts for businesses can be devastating – including consumer harm, financial loss, and reputational damage. As regulation tightens around labelling and packaging, and with a worsening economic climate driving potential errors, businesses must take steps to ensure their processes are robust.Errors in the labelling and packaging process are one of the main drivers of product recalls in the global food and drink sector. Where such events occur, their impacts for businesses can be devastating – including consumer harm, financial loss, and reputational damage. As regulation tightens around labelling and packaging, and with a worsening economic climate driving potential errors, businesses must take steps to ensure their processes are robust.
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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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