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

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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

Artificial intelligence has taken off over the last year, presenting opportunities for businesses and other users to benefit from cost savings, the acceleration of key functions, and more. But data indicates that while many companies are also aware of AI’s potential risks, they are not investing in risk management strategies. Here’s what AI users can do to step up their risk management game. Embracing AI’s potential 2023 was the year in which businesses began to think seriously about AI, with many testing or evaluating potential applications. In 2024, we’ve seen the proverbial rubber meet the road. Through the first eight months of this year, companies have begun to realize substantial value from AI — especially generative AI. “After nearly two years of debate, the verdict is in: generative AI (gen AI) is here to stay, and its business potential is massive,” McKinsey declared in a report published earlier this month. “The companies that fail to act and adapt now will likely struggle to catch up in the future.” Other McKinsey data highlights how organizations have embraced AI, especially over the last year. Nearly three-quarters (72%) of organizations have now adopted AI in at least one business function, up from 55% in 2023, according to McKinsey (see Figure 1). In 2024, 66% of organizations report using generative AI in at least one business function, double the number of organizations that reported using it in 2023. Taking AI Risk Management to the Next Level

Taking AI Risk Management to the Next Level

article
Artificial intelligence has taken off over the last year, presenting opportunities for businesses and other users to benefit from cost savings, the acceleration of key functions, and more. But data indicates that while many companies are also aware of AI’s pot ...
Read moreTaking AI Risk Management to the Next Level

Cyber Business Interruption Playbook – A guide to response and recovery

For most businesses, technology is the key to efficiency. From the internet and videoconferencing to accounting tools and project management apps, various forms of technology can help to streamline processes, maintain data flow, and reduce operational expenses. But it does not come without risks. Companies that rely on digital interconnectivity are targets for cybercriminals and other disruptions that can delay product deliveries and lead to penalties, lost contracts, or damage to business relationships and reputations. This Cyber Business Interruption Playbook — produced by Lockton in partnership with J.S. Held — provides guidance on how to take a proactive approach to cyber business interruption, which includes risk assessment, insurance coverage, incident response, and recovery planning. For most businesses, technology is the key to efficiency. From the internet and videoconferencing to accounting tools and project management apps, various forms of technology can help to streamline processes, maintain data flow, and reduce operational expenses. But it does not come without risks. Companies that rely on digital interconnectivity are targets for cybercriminals and other disruptions that can delay product deliveries and lead to penalties, lost contracts, or damage to business relationships and reputations. This Cyber Business Interruption Playbook — produced by Lockton in partnership with J.S. Held — provides guidance on how to take a proactive approach to cyber business interruption, which includes risk assessment, insurance coverage, incident response, and recovery planning.

Michael Walsh Joins Lockton as New England Market Leader- Property & Casualty

Lockton, the world’s largest privately held insurance brokerage, is pleased to announce that Michael Walsh joined the company’s Northeast region as its New England Market Leader- Property & Casualty, effective September 9. In this new role, Walsh will partner with Lockton Northeast Risk and Industry Practice leaders to drive growth and improve client offerings across the greater Boston marketLockton, the world’s largest privately held insurance brokerage, is pleased to announce that Michael Walsh joined the company’s Northeast region as its New England Market Leader- Property & Casualty, effective September 9. In this new role, Walsh will partner with Lockton Northeast Risk and Industry Practice leaders to drive growth and improve client offerings across the greater Boston market

Inside Risk: Managing the risk of green and living walls

Green walls (also referred to as living walls or vertical gardens) have become increasingly common within our urban landscape. Typically incorporated into the vertical structures of buildings, they are promoted to boost biodiversity, reduce air pollution, and help promote wellbeing. Green walls (also referred to as living walls or vertical gardens) have become increasingly common within our urban landscape. Typically incorporated into the vertical structures of buildings, they are promoted to boost biodiversity, reduce air pollution, and help promote wellbeing.
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