Lockton helps Stantec with tough business challenges

Stantec is a leading engineering and architectural firm based in Canada with more than 22,000 employees working in more than 400 locations across six continents. 

Stantec works, often in difficult circumstances, to create, renovate, and improve bridges, water systems, stadiums, and a wide array of other facilities. Governments, corporations, and communities depend on their expertise.

They chose the Lockton Global team for its expertise on risk management and insurance to deal with some of Stantec’s toughest business issues.

“I’ve never seen Lockton put itself first in terms of anything it does for us. It’s all about us as a client.” 

Dave Pym, Stantec Director of Risk Management 

Fresh Perspective Produces Results

Professional liability is the single biggest risk Stantec faces. The company needed to integrate a professional liability program into a major acquisition and given the size, scope and nature of its business combined with a litigious environment, they needed help.  

They turned to Lockton who recommended a major program restructuring that helped the company save $4.5 million in premium costs. 

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Read the story on how we helped the engineering and architectural firm restructure their program and expand coverage while reducing costs.