TRANSPORTATION & LOGISTICS with more than 30 years of industry experience with custom insurance solutions that drive down costs

— RISK MANAGEMENT

Transportation & Logistics

Lockton's experience with custom insurance solutions that drive down costs

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Tailored to fit your needs

You face a myriad of balance sheet and enterprise risk exposures. Lockton understands. After all, we’ve been working in the transportation industry for more than 30 years.

Our clients count on us for insurance, risk management, and employee benefits expertise in all sectors of the industry, including truckload, less-than-truckload, dedicated, bulk/tank, specialized/final-mile, carhaul, railroad, 3PL, public transportation, and automotive fleets.

You can depend on Lockton to handle the complex insurance issues for large fleets. The time-critical functions of cab card issuance, insurance certificates, and federal/state filing management are second nature to us.

Lockton goes much further than just placing your insurance. We excel in designing fleet risk management and insurance structures that fit our clients’ businesses – and drive down costs.

Expert advice & coverage

You face a myriad of balance sheet and enterprise risk exposures. Lockton understands. After all, we’ve been working in the transportation industry for more than 30 years.

Our clients count on us for insurance, risk management, and employee benefits expertise in all sectors of the industry, including truckload, less-than-truckload, dedicated, bulk/tank, specialized/final-mile, carhaul, railroad, 3PL, public transportation, and automotive fleets.

You can depend on Lockton to handle the complex insurance issues for large fleets. The time-critical functions of cab card issuance, insurance certificates, and federal/state filing management are second nature to us.

Lockton goes much further than just placing your insurance. We excel in designing fleet risk management and insurance structures that fit our clients’ businesses – and drive down costs.

Expert Advice

  • Assessing the appropriate risk retention level and risk financing structure

  • Reducing your risks through driver training and loss prevention

  • Establishing and managing effective claims-handling procedures

  • Producing custom claims management reports

  • Tracking legislative developments and changes that affect your business

  • Navigating CSA and DOT Compliance

Risk Control Services

The loss prevention and claims needs of a transportation company are unique. You require specialized transportation loss control and claims experts to complement your risk management department.

Safety & Compliance

  • CSA Consulting

  • Mock DOT Auditing

  • Driver Training Resources

  • Supervisory Fleet Training

  • Driver Qualification Consulting

Claims Management

  • Claim advocacy

  • File reviews and audits

  • Managed Care and Pharmacy Review

  • TPA selection

  • RMIS selection

Latest news & insights

Financial insurance market conditions are generally favorable for banks, insurers, asset managers, and private equity firms. Find out how your financial institution can make the most of the current conditions. 2025 Financial Institutions Market Outlook

2025 Financial Institutions Market Outlook

article
Strong competition drives favorable insurance market conditions Financial and professional insurance market conditions are generally favorable for banks, insurers, asset managers, and private equity firms at the start of 2025, with abundant capacity fueling st ...
Read more2025 Financial Institutions Market Outlook

Staying ahead of social inflation

The third-party liability insurance market, once stable, is now highly volatile due to factors like increasing nuclear verdicts, changing juror attitudes, and aggressive plaintiffs backed by third-party litigation funding. This has led to unpredictable liability losses, insurers withdrawing, reduced capacity, and rapidly rising premiums. Businesses that don't adapt risk inadequate coverage, unsustainable costs, and financial threats to their long-term viability. To navigate this, insurance buyers need to adopt a flexible approach to their liability programs and financing. Learn more in our latest article.The third-party liability insurance market, once stable, is now highly volatile due to factors like increasing nuclear verdicts, changing juror attitudes, and aggressive plaintiffs backed by third-party litigation funding. This has led to unpredictable liability losses, insurers withdrawing, reduced capacity, and rapidly rising premiums. Businesses that don't adapt risk inadequate coverage, unsustainable costs, and financial threats to their long-term viability. To navigate this, insurance buyers need to adopt a flexible approach to their liability programs and financing. Learn more in our latest article.

Managing shipbuilding risks amid geopolitical tensions

The global shipping industry is increasingly vulnerable to geopolitical risks. Political and economic tensions have risen since the January inauguration of US President Donald Trump. Meanwhile, state-based armed conflicts rank as the risk most likely to present a material crisis on a global scale, according to the World Economic Forum’s Global Risk Report 2025. Fleet owners must prepare for potential escalations, which can delay or cancel the delivery of new vessels, and severely disrupt operations.The global shipping industry is increasingly vulnerable to geopolitical risks. Political and economic tensions have risen since the January inauguration of US President Donald Trump. Meanwhile, state-based armed conflicts rank as the risk most likely to present a material crisis on a global scale, according to the World Economic Forum’s Global Risk Report 2025. Fleet owners must prepare for potential escalations, which can delay or cancel the delivery of new vessels, and severely disrupt operations.

Mexico implements a significant increase to minimum wage

Mexico has recently increased the national minimum wage by 12% and the Unit of Measurement and Update (UMA) by 4.21%, with the goal of boosting the purchasing power of workers earning the minimum wage. The change took effect on 1 January 2025.Mexico has recently increased the national minimum wage by 12% and the Unit of Measurement and Update (UMA) by 4.21%, with the goal of boosting the purchasing power of workers earning the minimum wage. The change took effect on 1 January 2025.
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