Insurance for Chemical Firms

— RISK MANAGEMENT

Insurance for chemical firms

A formula for risk management results.

Custom insurance solutions

Getting a formula right is not an easy task. It requires careful measurement, steel-eyed precision and the presence of a catalyst. Lockton’s team of experts is the catalyst for your firm’s custom insurance solutions.  

Chemical firms around the world count on Lockton’s team for advice in risk management and employee benefit solutions. We have extensive experience with specialty chemical companies, mid-size and large chemical manufacturers and distributors. 

Our team anticipates risk issues and navigates through your exposures, with a close eye on EPA and other regulations that affect your insurance coverage needs.  We design custom insurance solutions for your risk profile, leveraging our relationships with specialty insurers worldwide.  

Customized and strategic solutions

Risk management guidance across all facets of your chemicals business

We believe if it happens to you, it happens to us. We embrace your challenges as our own, and we work together to proactively achieve long-term goals — while protecting your interests at every turn. Lockton is not just your broker for risk management; we are your partner.  

Our talented team of experts works to understand your business and offer strategic solutions, but we don’t stop there. As a consultative partner, we look for new ways to align with and help meet your goals. To structure your chemical firm's 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 and deliver a strong strategic plan.  

Lockton’s expert risk management guidance spans all facets of your chemical business and is without fail customized specifically for you/your exact needs. From natural hazard modeling, business continuity and interruption studies and supply chain assessment to safety incentive programs and crisis management planning, we have you covered.  

Latest news & insights

Lithium-ion batteries have become both ubiquitous and essential to our modern lives. Utilised in our homes, workplaces, and transportation, lithium-ion batteries provide a readily available and reliable source of power for devices, such as cars, e-bikes, computers, and mobile phones. Inside Risk: lithium-ion battery returns — managing property fire risk in the retail sector

Inside Risk: lithium-ion battery returns — managing property fire risk in the retail sector

article
Lithium-ion batteries have become both ubiquitous and essential to our modern lives. Utilised in our homes, workplaces, and transportation, lithium-ion batteries provide a readily available and reliable source of power for devices, such as cars, e-bikes, compu ...
Read moreInside Risk: lithium-ion battery returns — managing property fire risk in the retail sector

Reminder: PCORI filing is due by July 31

The Patient-Centered Outreach Research Institute (POCORI) fee is a temporary charge on both fully insured and self-funded healthcare plans, applicable for policy years from 2012 to 2029. The Patient-Centered Outreach Research Institute (POCORI) fee is a temporary charge on both fully insured and self-funded healthcare plans, applicable for policy years from 2012 to 2029.

How pharmacy closures could impact employee health and benefit costs

Pharmacy closures are widespread, and more pharmacy deserts are emerging. Assess the potential impacts on the workforce, explore opportunities to help plan members in affected areas maintain access to care, and proactively manage pharmacy benefit costs. Pharmacy closures are widespread, and more pharmacy deserts are emerging. Assess the potential impacts on the workforce, explore opportunities to help plan members in affected areas maintain access to care, and proactively manage pharmacy benefit costs.

Cyber-physical risk in the marine sector: a wake-up call from the MSC Antonia

The recent grounding of the MSC Antonia near the Eliza Shoals off Jeddah on 10 May 2025 has brought into sharp focus the real-world consequences of cyber-physical attacks in the maritime sector – and particularly within the MENA region. Analysis by respected maritime intelligence firms such as Pole Star Global and Windward indicate that the vessel's navigational systems were likely compromised by GPS jamming, leading to incorrect positioning data and ultimately to the grounding incident. This event underscores the growing cyber threat to vessel movement in the region – one with potential outcomes including groundings, collisions, and environmental harm. For MENA, where critical trade routes such as the Strait of Hormuz and the Suez Canal are lifelines of global commerce, the implications are particularly serious. Regional security dynamics, increased reliance on digital systems, and proximity to cyber-capable nation-state actors elevate both the frequency and severity of these risks. Despite this, in our work with marine clients across the Middle East and North Africa, we continue to observe a significant disconnect between emerging cyber threats and existing risk transfer arrangements. That gap must close before the next incident occurs. The recent grounding of the MSC Antonia near the Eliza Shoals off Jeddah on 10 May 2025 has brought into sharp focus the real-world consequences of cyber-physical attacks in the maritime sector – and particularly within the MENA region. Analysis by respected maritime intelligence firms such as Pole Star Global and Windward indicate that the vessel's navigational systems were likely compromised by GPS jamming, leading to incorrect positioning data and ultimately to the grounding incident. This event underscores the growing cyber threat to vessel movement in the region – one with potential outcomes including groundings, collisions, and environmental harm. For MENA, where critical trade routes such as the Strait of Hormuz and the Suez Canal are lifelines of global commerce, the implications are particularly serious. Regional security dynamics, increased reliance on digital systems, and proximity to cyber-capable nation-state actors elevate both the frequency and severity of these risks. Despite this, in our work with marine clients across the Middle East and North Africa, we continue to observe a significant disconnect between emerging cyber threats and existing risk transfer arrangements. That gap must close before the next incident occurs.
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