Expanding Operations

Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools, and related accessories, mechanical access and electronic security solutions, engineered fastening systems, and more. Stanley Black & Decker calls on Lockton to provide global risk management advice and support for its expanding operations.

Valuing International Expertise

Stanley Black & Decker faces a unique set of global risk management challenges. Through a series of acquisitions, the fast-growing business has more than doubled in size since 2010. Today Stanley Black & Decker operates in more than 55 countries.

Integrating Acquisitions

More recently Stanley Black & Decker has focused on acquiring companies outside the U.S., building an expanding global platform.

“Naturally, the integration of those insurance programs can become monumental in terms of trying to do it efficiently and effectively,” says Senior Risk Manager Diane Bascom.

Stanley Black & Decker now has more than 300 local insurance policies as the foundation of its risk management program.

Ensuring International Compliance

Bascom credits Lockton with “partnering” with her company and recognizing their global risk management strategy and their “sense of urgency” when managing acquisitions. The company values the local insights of Lockton Global partners, who provide recommendations on streamlining the program while also complying with often-complex local insurance requirements.

Speaking the Language

“Lockton Global provides recommendations on opportunities for consolidation, eliminating redundancies and complying with the compulsory requirements,” Bascom says. “The ability of the local Lockton partner to speak the foreign language that is the primary language for our local operation is very beneficial,” she adds.

“We’ve been blessed to have a very well-rounded team, a very knowledgeable team, people who are accessible and are easy to connect with.”

- Diane Bascom, Senior Risk Manager 

The Bottom Line

For Bascom and Stanley Black & Decker, the bottom line is integrity. “The Lockton team’s overall integrity with how they do business makes a phenomenal difference to us. It’s that level of professionalism that we’ve come to value more highly than just about anything else,” Bascom says.

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Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools, and related accessories, mechanical access and electronic security solutions, engineered fastening systems, and more. Stanley Black & Decker calls on Lockton to provide global risk management advice and support for its expanding operations.