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

Litigation, enforcement actions and regulatory initiatives at the federal and state levels continued to drive the second quarter of 2026 for employee benefits and healthcare accessSecond quarter state law overview: federal enforcement and interstate conflicts drive uncertainty

Second quarter state law overview: federal enforcement and interstate conflicts drive uncertainty

article
Litigation, enforcement actions and regulatory initiatives at the federal and state levels continued to drive the second quarter of 2026, as our state law update highlights key legal and regulatory developments affecting employee benefits and healthcare access ...
Read moreSecond quarter state law overview: federal enforcement and interstate conflicts drive uncertainty

AI risks: what directors and officers need to know

All new technologies carry risks when introduced on an enterprise level. Artificial intelligence (AI) is no exception, and directors and officers may find themselves in the crosshairs should negative repercussions arise from the use of such tools. To be prepared for the potential regulatory scrutiny or claims activity that comes along with the introduction of a new technology, it is imperative that boards carefully consider the introduction of AI, and ensure sufficient risk mitigation measures are in place. All new technologies carry risks when introduced on an enterprise level. Artificial intelligence (AI) is no exception, and directors and officers may find themselves in the crosshairs should negative repercussions arise from the use of such tools. To be prepared for the potential regulatory scrutiny or claims activity that comes along with the introduction of a new technology, it is imperative that boards carefully consider the introduction of AI, and ensure sufficient risk mitigation measures are in place.

Once a manual crime, cargo theft now increasingly the domain of cyberattacks

Cargo theft is shifting from crowbars to keyboards. Learn how cybercriminals target shipments—and how carriers can reduce risk with cybersecurity and insurance.Cargo theft is shifting from crowbars to keyboards. Learn how cybercriminals target shipments—and how carriers can reduce risk with cybersecurity and insurance.

Communicating with care: Supporting patient comfort during exams while maintaining boundaries

How clinicians can maintain professional boundaries, ensure consent, and reduce risk during exams—best practices for safer, more respectful patient care.How clinicians can maintain professional boundaries, ensure consent, and reduce risk during exams—best practices for safer, more respectful patient care.
See all news and insights