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

Malaysia will implement new mandatory contributions to the Employees Provident Fund (EPF) for foreign employees, starting 1 October 2025. Both employers and foreign employees will be required to contribute 2% of monthly wages each.Malaysia introduces mandatory EPF contributions for foreign employees

Malaysia introduces mandatory EPF contributions for foreign employees

article
Malaysia will implement new mandatory contributions to the Employees Provident Fund (EPF) for foreign employees, starting 1 October 2025. Both employers and foreign employees will be required to contribute 2% of monthly wages each. Background The Employees Pro ...
Read moreMalaysia introduces mandatory EPF contributions for foreign employees

From risk to reward: Why employers must embrace their health plan fiduciary duties

While it’s always been a requirement, the emphasis on being a fiduciary over a health and welfare benefit plan is fairly new – and it’s a shift in mindset that employers must adopt. That’s because addressing ever-rising plan costs isn’t just a financial concern; it’s an obligation to plan participants and beneficiaries that is required by law. While it’s always been a requirement, the emphasis on being a fiduciary over a health and welfare benefit plan is fairly new – and it’s a shift in mindset that employers must adopt. That’s because addressing ever-rising plan costs isn’t just a financial concern; it’s an obligation to plan participants and beneficiaries that is required by law.

One Big Beautiful Bill brings changes for employee benefit plans

The almost 900-page bill is a sweeping tax and spending package that President Trump regards as a fulfillment of campaign promises. In addition to tax and spending cuts, the OBBB includes several provisions that will impact employee benefit plans.The almost 900-page bill is a sweeping tax and spending package that President Trump regards as a fulfillment of campaign promises. In addition to tax and spending cuts, the OBBB includes several provisions that will impact employee benefit plans.

New Remote Working Legislation Around the World [Updated]

An abrupt worldwide shift to remote work in spring 2020 warranted many countries to pass teleworking legislation.An abrupt worldwide shift to remote work in spring 2020 warranted many countries to pass teleworking legislation.
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