At Lockton, we understand the challenges you face. Our approach is genuinely different from our peers. We work with you, focusing on the areas of cost that are affecting your fleet to create a tailored plan that meets your needs.

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Lockton’s Motor Practice Group

Motor fleet risk is going through a major transformation. Costs are escalating, technology is becoming almost a pre-requisite for many fleets, and the pace of change for business models – which was already escalating prior to Covid-19 – has become even more acute.

At the same time, the insurance market is becoming increasingly challenging, with premiums increasing and insurers Insurers becoming far more selective. In order to navigate these conditions, you will expert advice and a solid strategy.

At Lockton, we understand the challenges you face. Our approach is genuinely different from our peers. We work with you, focusing on the areas of cost that are affecting your fleet to create a tailored, cost-efficient insurance plan that meets your needs.

How we work with our clients

Audit

Our starting point is to analyse your existing risk management arrangements, processes and loss history. By doing this, we can identify the issues and exposures within your business that are most likely to influence and impact your claims, insurance premium, and retained costs. This ‘deep dive’ will include analysis of various areas, such as:

  • Your claims and other performance data (incidents/accidents)

  • FNOL process/accident reporting times

  • Existing use of technology e.g. telematics

  • Existing procedures and communication

  • Existing risk management strategies

  • How you manage driver performance

  • Your culture

Strategy

We use the output from the audit to formulate a robust risk management strategy with you. This will provide you with a number of benefits:

  • Quick fix’ strategies to help you better manage the risk and control cost

  • Performance benchmarking to help determine where support may be focused

  • Long-term risk management strategy planning (around 30 risk management tools available, including technology, improved claims management and driver performance targets)

  • A best-practice approach to enable you to take control of your fleet risk and improve your loss history

Motor practice group brochure

We work with you, focusing on the areas of cost that are affecting your fleet to create a tailored plan that meets your needs.

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The BSA does not yet represent a finalised position, with secondary legislation and guidance having been issued only recently, or still being awaited. As such, affected firms, commentators and insurers have not yet received all of the detail of the changes. Nevertheless, firms looking to undertake the role should ensure they take the adequate steps to understand and comply with their potential obligations.The Building Safety Act 2022 (BSA)’s introduction of a new Principal Designer role has created concerns for design professionals around whether they could, or should, undertake the role themselves. These concerns have been exacerbated by uncertainties around the extent and requirements of the new role.
The BSA does not yet represent a finalised position, with secondary legislation and guidance having been issued only recently, or still being awaited. As such, affected firms, commentators and insurers have not yet received all of the detail of the changes. Nevertheless, firms looking to undertake the role should ensure they take the adequate steps to understand and comply with their potential obligations.

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Workplace stress can have significant consequences for employee wellbeing, and negatively impact productivity and performance. For solicitors, this can lead to a heightened risk of technical or judgement errors, increasing the likelihood of a professional indemnity claim. To avoid such a scenario, firms need to take action to cultivate a positive workplace environment and combat the sources of stress.Workplace stress can have significant consequences for employee wellbeing, and negatively impact productivity and performance. For solicitors, this can lead to a heightened risk of technical or judgement errors, increasing the likelihood of a professional indemnity claim. To avoid such a scenario, firms need to take action to cultivate a positive workplace environment and combat the sources of stress.
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