Surety
Lockton's leadership in Surety is based on unparalleled experience and expertise,
coupled with advanced, proprietary software and a unique ability to solidify
relationships and trust among the parties involved in the bonding process.
We have forged strong partnerships with leading insurance/surety companies.
Our in-depth knowledge of bonding provides us with the ability to meet your
demands and important time constraints.
Lockton's capabilities range from bonding of very large-scale public or private
construction projects to one-time performance agreements dictated by statute or
legal judgment.
The Lockton surety team members are dedicated to their client assignments.
We are able to handle your most involved and specialized bond needs and we are
structured to deliver superior service, even if many bonds are spread between
contract and commercial, national and international.
We start by meeting with you for an extensive orientation and planning session,
where we listen to your needs and review your current handling procedures.
We then take what we've learned, and develop a plan which provides for more
effective, streamlined solutions centered on your needs and specific service demands.
A typical Lockton account is a multi-faceted business with multiple
operating entities, at times located both nationally and internationally.
We perform many services, including data management, depending on the individual
requirements of each account.
Your company will benefit from our expert advice in:
- Developing and implementing a tailored service plan
- Outsourcing bond-related risk management functions
- Implementing necessary control procedures
- Setting up customized billing and reporting systems
- Benchmarking and peer group analysis trending
- Consulting on specialized needs or applications
In the UK, we have a dedicated Surety department which also places global risks
into the UK surety market.
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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.