Education

Education

Lockton partners with educational institutions – from K-12 schools, colleges and universities to consortiums and charter schools – to identify your risks and create a risk management strategy to protect your institutional mission.

A commitment to protect all areas of education

Your educational institution operates in a constantly evolving risk environment. The rise in abuse claims, ransomware events and active assailant incidents means you need a risk partner that can expertly navigate this complex landscape.

At Lockton, our specialized education team does just that. With expertise across property, casualty, financial and operational risks, student health, and people-related matters, including employee benefits - you can be assured that we’ll have a plan to protect your educational institution regardless of the risks you face.

Locust Walk with students in fall, University of Pennsylvania, University City area, Philadelphia, PA, USA

360º approach to risk management

    We deliver far more than just your insurance policy.

    Our strategic approach to your institution’s risk transfer goes far beyond the insurance policy we place for you. We take the time to understand your unique institutional goals and pair this with innovative data analytics, risk consulting, and claims advocacy.

    The outcome of this holistic approach is simple: a dedicated educational institution risk partner that delivers peace of mind for the existing, evolving, and emerging risks you face.

    Here is a range of risks we have helped educational institutions overcome:

    • Shifting demographics and their impact on admissions

    • Ensuring schools do not have gaps in their insurance programs, or are paying for duplicative coverage

    • Data privacy and ransomware threats and the rise of artificial intelligence (AI), such as Chat GPT, and other technologies in workplace and learning environments

    • Workforce issues and operational pressures

    • Student mental health challenges

    • Environmental, social and governance (ESG) issues, including pressure from activist donors and DEI advocates

    • Campus safety, including active assailant threats, crime and hazing

    • Unsustainable trend of abuse claims & settlements

    • Athletic program risks, including coach abuse and athletes as employees

    • Local, state and federal compliance and regulation

    • International satellite campuses and study abroad programs

    • Facilities and deferred maintenance

    • Reputational risk and brand management, including threats related to social media and other venues

    • Our Emerging Risk Practice focuses on identifying, educating and supporting the rapidly changing environment facing schools

    • Expertise and support for Consortium programs, Risk Retention Groups, Captives, Shared Program, Master Programs, Charter School Networks and State University Programs.

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    Why Lockton?

    Private ownership

    Lockton is family-run and privately owned, we have no shareholders or investors to answer to. So, we’re free to act in your best interests, and always focused on finding the best solution for your specific needs and risks.

    Lockton’s global resources are at our fingertips. Our fully integrated education team has ready access to our dedicated risk practices teams, risk control team, analytics team, alternative risk financing team, special servicing teams and claims consultants, among other experts.

    We do not charge for value-added services. Instead, our education team members are encouraged to deploy all available resources on behalf of our clients.

    We are the only global broker with an integrated team to ensure our educational clients have access to dedicated experts, who also represent you directly in the marketplace rather than passing off to a “hub.”

    A team dedicated to supporting and advancing your institutional mission.

    Read our latest education risk insights

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    — Articles

    Ongoing tariff uncertainty gives rise to D&O coverage questions

    Let’s talk insurance for your educational institution

    Get peace of mind for your educational institution - connect with our specialist education risk team and we’ll be in touch as soon as we can.

    Talk to our team
    Tiernan Shank