Workers’ Compensation is often the largest insurance spend for employers, with significant impacts on cash flow. Lockton can assist with both risk financing, which doesn’t impact your ability to access other funding, as well as negotiations with insurers and regulators to put in place plans to reduce the burden on your business.

PEOPLE SOLUTIONS

Funding & Risk Financing

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Keeping you in charge of cash flow

    Workers’ Compensation is often the largest insurance spend for employers, with significant impacts on cash flow, as many policies have upfront payment expectations, or discounts available for early payment. Premium Funding can be utilised to conserve and manage cash flow, and the interest cost is usually tax deductible. Premium Funding agreements are generally not secured by business assets, which frees up working capital to allow you to get on with running your business, without tying up your existing facilities. Lockton can assist with organising competitive quotes for risk financing, as well as negotiations with insurers and regulators to put in place plans to reduce the burden on your business.

    Key contacts

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    Craig Simpson

    National Manager - Premium Strategy & Analytics
    craig.simpson@lockton.com
    +61 414 637 205

    Latest news and insights

    Climate change poses several challenges for viticulture. Grapes are vulnerable to changes in temperature, precipitation, water availability, pests and diseases, and extreme weather events. Changes in weather patterns are becoming less predictable and they can have significant impacts on the yield, ripening, sugar content, acidity, phenolic compounds, and aroma of the grapes. Mitigating the climate change impact on vineyards

    Directors and Officers (D&O): Trends and Insights

    In the first half of 2024, the directors and officers (D&O) insurance market for New Zealand’s corporate
sector has continued the trend of premium stabilisation witnessed last year. For large enterprises, premium reductions are bringing some relief in an economic environment where increasing costs are all too common, while for small to medium-sized businesses with solid financial foundations, D&O premium rates are predominantly incurring inflationary uplifts.In the first half of 2024, the directors and officers (D&O) insurance market for New Zealand’s corporate
sector has continued the trend of premium stabilisation witnessed last year. For large enterprises, premium reductions are bringing some relief in an economic environment where increasing costs are all too common, while for small to medium-sized businesses with solid financial foundations, D&O premium rates are predominantly incurring inflationary uplifts.

    Case Study: Establishing a Captive Insurance Company and Strategic Reinsurance Approach

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Lockton partnered closely with the client to establish their own insurance company and develop a strategic reinsurance broking approach.

    Inside Risk: Aerosols – managing the property fire risk

    Aerosols are a familiar sight in our daily lives, providing the easy application of deodorant, cleaning materials, paint or other products in our home or workplace. However, aerosols can also contain flammable substances as well as pressurised flammable propellants, such as propane or butane which can easily ignite and lead to rapid fire spread. In a fire, containers can rupture, producing jets of flame and projectiles, spreading the fire, and making firefighting more difficult. The smoke from the resulting fire can pose additional health risks. Robust property loss controls are therefore needed to manage the storage and handling of aerosols.Aerosols are a familiar sight in our daily lives, providing the easy application of deodorant, cleaning materials, paint or other products in our home or workplace. However, aerosols can also contain flammable substances as well as pressurised flammable propellants, such as propane or butane which can easily ignite and lead to rapid fire spread. In a fire, containers can rupture, producing jets of flame and projectiles, spreading the fire, and making firefighting more difficult. The smoke from the resulting fire can pose additional health risks. Robust property loss controls are therefore needed to manage the storage and handling of aerosols.
    See all news and insights

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    Our People solutions team bring creative thinking and an entrepreneurial spirit to the insurance business and are uniquely positioned to help you succeed.

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    Lockton People Solutions FAQs

    Lockton believes every business maximizes their potential when their people maximize theirs. That’s why we help our clients make their business, and their people’s lives, better. We know employers need solutions that help balance attracting and retaining talent, manage costs and promote employee well-being. Lockton helps guide clients to people solutions that drive employee understanding, engagement and satisfaction; incorporate competitive total rewards and benefits packages; and manage and measure the effectiveness of your programs.

    We work with every client thinking about how we can best improve your employee experiences to drive engagement, understanding, satisfaction and productivity; design total rewards and benefits that increase perceived value and help attract and retain talent, while controlling costs; and help you make information-based decisions, measure and manage your programs, while driving a competitive business advantage amid an increasingly complex landscape.

    Lockton delivers a full suite of solutions in the following areas: employee experiences and engagement, total rewards and benefits, and management and measurement.

    Lockton is privately owned, which allows teams to prioritize client business. Our Associates are empowered to go above and beyond to help their clients succeed and the entrepreneurial culture at Lockton fosters data-driven solutions, solving problems faster and more efficiently.

    Lockton operates all over the globe through Lockton offices and a network of Lockton Global Partners.

    We can help with all M&A transactions from SME to large corporate.

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