Lockton | Coverholders Professional Indemnity

Coverholders Professional Indemnity Scheme

In the UK, Lockton has put together a facility to write Coverholders Professional Indemnity Insurance. Backed by Lloyd’s, the facility is tailored for Coverholders and Brokers operating Binding Authorities.

Whilst Coverholders based around the world can access the facility, different countries will require different regulations. Each Coverholder will have particular terms and conditions relevant to their country.

This facility is intended to allow Coverholders a greater choice when applying for Professional Indemnity insurance – one of the requirements of being a registered Coverholder with Lloyd’s and other underwriters.

Applicants are free to access the facility directly with Lockton via this website or they can ask their broker to obtain terms on their behalf. Brokers placing business with Lockton International will receive 10% commission on this facility.

Please click here to download a proposal form.

Alternatively, please email coverholders@uk.lockton.com and we will reply to your query.

Each application will be dealt with on a confidential basis by a dedicated team within Lockton. Certificates of insurance will be issued by Lockton.

Details of the Facility:

The primary facility can provide limits of up to US$4,500,000 (or local currency equivalent). We have secured excess layer capacity to US$18,000,000
Excess layers may be available for limits in excess of this amount
Security is 100% Lloyd’s of London
Coverage is provided for negligent act, negligent error or negligent omission in the provision of the Coverholders’ Professional Services. Professional Services are the activities detailed by the insured in their proposal form
Limits of Indemnity can be Any One Claim or In the Aggregate
Reinstatements are available

Please click here for further operational information.

For further information on how our Coverholders Professional Indemnity insurance solutions can help your organisation, please email: coverholders@uk.lockton.com

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.