Entertainment & Sports

— RISK MANAGEMENT

Entertainment & Sports

Advancing solutions to address your evolving risk requirements.

Creative ventures require creative solutions

Lockton's knowledgeable, experienced professionals are ready to help. Organizations ranging from entertainment, sports, media, gaming, advertising and the vast array of entertainment industry segments carry various risks. We stand ready to deliver solutions tailored to fit your specific needs. We understand clients' commercial realities and how they are best presented to and addressed in the insurance market.

Lockton has substantial experience with Entertainment & Sports organizations of all sizes. We customize solutions around your needs and objectives. Our experts actively look for new ways to improve your coverage while minimizing costs and embracing a holistic approach to risk. Our service model includes consultative program analysis, financial modeling, manuscript policy wordings, and results-driven market strategy.

A dedicated center of excellence

Lockton’s Entertainment & Sports team of specialists live and breathe the Lockton entrepreneurial spirit. Our team is unparalleled in passion, expertise and experience. It is incumbent upon us to remain agile and ready to respond to new challenges and growing risks in the marketplace. Our strategic service model within Entertainment & Sports supports clients on a round-the-clock basis, 24/7, wherever you are and when you need it. Our bench runs deep. Contractual diagnostic specialists track the risk transfer elements within third-party contracts and the risk impacted commitments that influence potential losses.

Our expertise spans first-party risks, business interruption, including event cancellation/non-appearance, liability risks, financial and professional exposures. We have extensive experience in significant Entertainment & Sports loss events and understand that a loss event provides the ideal opportunity to prove our value. Expert guidance doesn’t just happen. Experience plus creativity plus a relentless commitment to our clients is what gives us our edge.

Strategic Risk Consulting: Understand, assess and align.

To structure your 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.

P.A.I.D.™ – Protection Against Income Disruption

Lockton's Gaming, Entertainment & Sports Practice created a tailor-made insurance policy to address gaps in coverage under the standard property policy. P.A.I.D. is a standalone policy designed to protect against lost income and incurred costs without physical property damage. P.A.I.D. is available to businesses regardless of industry or company size and is customized to meet clients' needs. At Lockton, we know that innovative ideas are critical to your business's success.

Managing Health Risks

Health risk factors in your employee population can also affect your company’s bottom line. Turn to Lockton’s employee benefits experts, who can design a program that will help you attract and retain talented workers while managing your healthcare costs.
Benefits solutions

Latest news & insights

The exponential growth and reach of social media have given consumer brands new platforms to engage with existing clients as well as to expand their client base. It can, sometimes in conjunction with partnerships with influencers, enable brands to target specific consumer groups and re-shape the image of products and brands. However, social media has also amplified the potential negative effects that statements or events can have on a company’s reputation, both in terms of frequency as well as severity.Addressing the reputational risk social media creates for consumer brands

Addressing the reputational risk social media creates for consumer brands

article
The exponential growth and reach of social media have given consumer brands new platforms to engage with existing clients as well as to expand their client base. It can, sometimes in conjunction with partnerships with influencers, enable brands to target speci ...
Read moreAddressing the reputational risk social media creates for consumer brands

Lockton Welcomes Alex Hood as Client Advocate

Lockton Companies, the world’s largest independent insurance brokerage firm, hired Alex Hood to be a Client Advocate of People Solutions for Lockton’s Founders Series region, based in Kansas City with offices in Iowa, Michigan, Minnesota and Nebraska. Lockton Companies, the world’s largest independent insurance brokerage firm, hired Alex Hood to be a Client Advocate of People Solutions for Lockton’s Founders Series region, based in Kansas City with offices in Iowa, Michigan, Minnesota and Nebraska.

How Much is Enough? Revisiting excess casualty limits

2019 marked the beginning of an increasingly turbulent marketplace for excess casualty. Amid market corrections, the pandemic, and economic upheaval, many organizations made the decision to purchase less limit, despite growing exposure in the form of more frequent and severe liability losses.2019 marked the beginning of an increasingly turbulent marketplace for excess casualty. Amid market corrections, the pandemic, and economic upheaval, many organizations made the decision to purchase less limit, despite growing exposure in the form of more frequent and severe liability losses.

Recent events create volatility for terrorism insurance

The global terrorism and political violence market has experienced increased volatility in recent years. Civil unrest in Chile, Hong Kong and South Africa generated significant losses. This was further compounded by the Russian invasion of Ukraine. In response, the market hardened quickly: insurers pushed for higher rates to offset losses, imposed more restrictive terms and adjusted their risk selection approach. Sublimits that had been available for extensions like “contingent business interruption”, “unnamed suppliers”, “service interruption” and “miscellaneous unnamed locations” were commonly excluded, as renewal negotiations became more protracted.The global terrorism and political violence market has experienced increased volatility in recent years. Civil unrest in Chile, Hong Kong and South Africa generated significant losses. This was further compounded by the Russian invasion of Ukraine. In response, the market hardened quickly: insurers pushed for higher rates to offset losses, imposed more restrictive terms and adjusted their risk selection approach. Sublimits that had been available for extensions like “contingent business interruption”, “unnamed suppliers”, “service interruption” and “miscellaneous unnamed locations” were commonly excluded, as renewal negotiations became more protracted.
See all news and insights