Construction
Our experience with the construction industry began with the inception of Lockton
in 1966. For more than 40 years we have worked with major corporations on some of
the world’s largest construction and infrastructure projects. Today, we are
one of the largest construction insurance brokers in the world focused on specialized
construction services, such as:
- Claims Cost Containment and Advocacy
- Contract Review
- Engineering & Machinery Breakdown
- Loss Control
- Loss Data Management
- Risk Management Services
- Loss Projections
- Loss Stratification/Retention Analysis
- Self-Insurance Feasibility Studies
- Collateral Analysis
- Risk Finance Consulting
- Captive Consulting and Feasibility Studies
-
Surety
- Subguard
-
Wrap-Ups
We understand that construction projects are subject to intense “on-time /
on-budget” constraints and our service teams are ready to act accordingly.
Through the use of our proprietary technology solutions, we emphasize a sense of
urgency in our day-to-day servicing which includes contract review, negotiation
assistance and 24-hour turnaround of Certificates of Insurance.
Due to our large volume of construction business, we know underwriters well and
we are able to negotiate low premiums for quality coverage. Our team works closely
with a dedicated team of efficient and experienced claim consultants to assist your
most obscure challenges. Risk management advisors are also available to provide
your staff with relevant seminars.
As a client, you will benefit from:
- Successful implementation of the financing, construction and operation of the project
and related insurance issues
- Identification of all risks to which the project is exposed and the design and implementation
of an Insurance Program protecting the Owner, the Contractors and any other interested
parties
- Compliance of the Project Insurance Program with the requirements of the Consortium,
Turnkey Construction Contract, Loan documentation and is acceptable to the Lenders
- The best possible coverage consistent with a cost-effective premium
- Minimization of the administrative burden on the Owner or Contractor
You will benefit from our expertise in coverage including:
- Auto Liability
- Builder’s Risk
- Business Interruption
- Consequential loss/delay in completion insurance
- Contractors Equipment / Machinery Breakdown
- Contractors Pollution
- Excess Liability
- Financial Risk
- General Liability
- Inland Marine
- Pre/Post-completion Covers
- Single Project Professional Indemnity
- Workers’ Compensation
Your company will benefit from our expert advice in:
-
Architects
- Consulting Engineers
- Contractors
- Design and Build
-
Energy
- Engineering
- Environmental Consultants
- Estate Agents and Property Managers
- Manufacturing
- Mining
- Oil and Gas
- Project Managers
- Residential
- Detached Single Family
- Multi-Family, Condominiums
- Apartment conversions to Condos
- Mixed Use
- Surveyors
- Telecommunications
In the UK, we have a dedicated
Real Estate and Construction team who specialize in the provision of insurance
products, services and risk management advice to the real estate and construction
sectors.
View the
International
Construction Brochure
View the
Real Estate and Construction Brochure
Click here for more information about our
related services to the construction industry.
Lockton Service
The key to our success is working in close partnership with each of our clients. Our specialists take time to listen and to understand your specific goals so that we deliver insurance solutions tailored to your requirements. This approach has earned us the trust of clients all over the world.
The same team that designs, negotiates and implements your business insurance plan with the carrier is also responsible for managing your service needs. This dedicated team approach increases our understanding of your business, allows us to anticipate your needs, and creates accountability and ownership by the team throughout the entire process.
Most insurance brokers promise a high-level of personalized service, but our unique structure allows us to actually deliver on that promise everyday. As a private, family-owned company, all our Associates focus solely on you, our client, rather than public shareholders.
We firmly believe we get business based on our expertise, creative solutions and outstanding service. Just as importantly, our client retention rate of 95 percent reflects our commitment to each and every client.