Utilities

— RISK MANAGEMENT

Utilities

Expertise that goes far beyond insurance placement.

Expertise

Loss potentials are large and complex. Because the risks you face are technical, high value, driven by contractual risk transfer, and with a significant debt component, you need expertise that goes far beyond the process of placing insurance. Lockton’s team of specialists covers the spectrum of risks you need to address.

You benefit from the leading group of technical property loss control engineers. These contractual diagnostic specialists track the risk transfer elements within third-party contracts and the risk impacted commitments that influence loss of income or potential breach of debt covenants. Claims specialists, forensic accountants, and due diligence teams have supported more than $30 billion of buy-side transactions, providing the most sophisticated risk management support and marketing team in the industry.

Expert team of Strategic Risk Consultants

  • More than 31,000 MWs of independent power production and more than 10,000 MWs of renewable energy

  • Involvement in all of the in-process LNG facilities

  • Experience with a wide range of public, private, and municipal utilities around the world

To structure your utility insurance program, we start by understanding your business goals and human capital strategy. Then, we align risk management, employee benefits and retirement strategies with your business objectives.

Latest news & insights

As we enter the fourth quarter of 2025, it is essential for employee benefits professionals to stay ahead of critical compliance deadlines that impact plan administration and reporting.Upcoming key compliance deadlines and reminders for fourth quarter 2025

Upcoming key compliance deadlines and reminders for fourth quarter 2025

article
As we enter the fourth quarter of 2025, it is essential for employee benefits professionals to stay ahead of critical compliance deadlines that impact plan administration and reporting. This period includes several important dates related to health and welfare ...
Read moreUpcoming key compliance deadlines and reminders for fourth quarter 2025

Washington Supreme Court ruling could lead to more litigation and EPL insurance claims

The recent Washington state Supreme Court ruling means employers operating in or recruiting from Washington have expanded liability under the law — and will likely have implications for insurance coverage.The recent Washington state Supreme Court ruling means employers operating in or recruiting from Washington have expanded liability under the law — and will likely have implications for insurance coverage.

Taiwan adds a significant number of new public holidays

Taiwan has introduced five new employer-paid public holidays: the day before Lunar New Year’s Eve, 1 May (Labor Day), 28 September (Confucius’s Birthday and Teachers’ Day), 25 October (Taiwan Retrocession Day), and 25 December (Constitution Day). The changes took effect from 28 May 2025.Taiwan has introduced five new employer-paid public holidays: the day before Lunar New Year’s Eve, 1 May (Labor Day), 28 September (Confucius’s Birthday and Teachers’ Day), 25 October (Taiwan Retrocession Day), and 25 December (Constitution Day). The changes took effect from 28 May 2025.

Lockton findings: Working families should evaluate dependent care FSAs

The recently passed One Big Beautiful Bill Act raises the contribution limits employees can make to a dependent care flexible spending account (FSA) beginning Jan. 1, 2026. This change poses an interesting question for employers and employees: which provides the greater tax advantage, a dependent care FSA or the dependent care tax credit? The recently passed One Big Beautiful Bill Act raises the contribution limits employees can make to a dependent care flexible spending account (FSA) beginning Jan. 1, 2026. This change poses an interesting question for employers and employees: which provides the greater tax advantage, a dependent care FSA or the dependent care tax credit?
See all news and insights