Law Firms

— RISK MANAGEMENT

Law firms

Expertise and comprehensive coverage for peace of mind.

A market leader offering peace of mind

As a market leader in Legal Professional Liability for more than 50 years, Lockton offers expertise to more than 1,800 law firm clients worldwide.

We handle the entire process, including placing your firm with a wide range of solid insurance markets, tailoring your program to fit your firm’s specific practice. Additionally, we offer risk management seminars that train your employees to avoid Lawyers Professional Liability (LPL) claims when they arise.

As lawyers, you protect your clients’ interests. And we are here to protect yours — to stand and deliver innovative solutions and comprehensive coverage for your peace of mind. 

Rise together

Never one to sit back and wait; we rise to take action.

We respond quickly to growing risks and changing markets, including new variables like heightened cyber risks. Never impulsive or reactive, our strategy is defined by thoughtful preparation, extensive research and creative innovation.

We use our relationships with key underwriters and business knowledge to locate the most comprehensive coverage at the most competitive price for you. And we provide support on your complex employee benefits and executive benefits needs, along with workers’ compensation and other critical risk management issues.

Lockton is not just your broker for risk management, insurance, employee benefits consulting and retirement; we are your partner. We put your business results first, not ours — and we rise together.

Uncommonly independent

What makes Lockton stand apart is also what makes us better: independence. As the world’s largest privately held, independent insurance broker, we answer to no one but our clients. Unconstrained by the rigidness commonly associated with our industry, we challenge the norms of what a brokerage can be. We are creative thinkers who are empowered to do what’s best for our clients, at all times.

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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.

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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.
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