Know Your Exposures

Changing corporate governance standards bring new requirements for corporate risk management. Lockton is on top of it. Our team of specialists will work with you to understand your exposures, reduce your risks, and keep you compliant.

First, Lockton's business risk experts identify the issues that may affect your company's financial performance. Then we come up with solutions. As your partner, we:

  • Educate your executive team on risk management and risk transfer solutions.
  • Differentiate your company with the underwriting community in order to obtain optimal risk transfer options.
  • Provide ongoing communication of changes - legal and regulatory – that may affect your company.

Executive Risk Exposures

Executive risk exposures infographic

Directors and Officers Liability

Companies and their directors and officers face increasingly strict regulations and a hostile litigation environment. A decision that adversely affects shareholders, employees, customers, or creditors, or that runs afoul of a regulatory issue, can lead to a lawsuit that may leave individuals personally liable. A Directors & Officers Liability policy (D&O) offers protection to both individuals and the company balance sheet as a result of negligent wrongful acts.

D&O insurance is intended to provide cover for directors, officers, and other insureds including the company itself in certain circumstances--for liability that arises out of their role as directors or officers of the company.

Of course, while directors and officers coverage is subject to some exclusions and other coverage terms, the policy typically will pay for defense costs, settlements, and judgments, typically in excess of a deductible for those claims.

The Lockton Process

The Lockton Process infographic

Employment Practices Liability

As an employer, you face many risks, from breach of contract to discrimination. Choosing the right employment practices liability insurance program takes careful consideration. Lockton understands the issues. We know how to protect both your company and its employees, and our specialists tailor policies that suit your organization’s needs.

Employment practices liability insurance protects your company against the financial losses associated with employment litigation. This may include reimbursement for settlements, judgments, and the expense of defending yourself when you are accused of:

  • Breach of employment contract
  • Discrimination against employees or prospective employees
  • Wrongful Termination
  • Sexual or other harassment

An effective policy also protects against the implications of changing employment legislation. Your Lockton experts will make sure you are covered.

Errors & Omissions / Professional Liability

When a product or service allegedly fails and causes financial damage, your company may face a legal dispute. Lockton experts ensure you have the protection you need.

An errors and omissions or professional liability policy covers the defense and settlement expenses associated with professional services provided by a consultant, designer or professional (lawyer, healthcare worker, accountant, engineer, etc.). Such policies also cover products such as technology and other equipment.


If an employee steals money, securities, or property from you or a client, a crime policy reimburses you. Lockton’s experts help you choose the right coverage for your company.

A crime policy can also provide coverage from illegal acts of third parties, such as computer fraud, wire transfer fraud, and robbery/burglary that result in a loss.

Kidnap and Ransom

In a kidnapping crisis, having the right insurance policy becomes critical. Lockton’s expert kidnap and ransom team has years of experience handling all forms of kidnap, ransom, extortion, and detention risks.

We have access to all the major insurers for this class of business, two of whom grant us facilities under which we can cede risks for sums insured up to $50 million for any one event. The product offering under these facilities enjoy the exclusive services of highly regarded crisis response consulting companies, a very important feature of the policy when considering this coverage.

Our experts handle matters of critical importance with absolute confidence. We provide coverage for individuals, families, and all types of corporate organizations, wherever you are. 

Coverage includes:

  • Kidnap
  • Extortion
  • Detention
  • Personal accident (as the result of an insured event)
  • Products extortion
  • Hijack
  • Loss of earnings

Specie & Fine Art

At Lockton our Specie & Fine Art team have built a first class reputation with the major insurance markets enabling us to provide a knowledgeable and timely response to our clients.

This reputation and relationship is what ensures that we can provide our clients with the most effective coverage and cost to suit their business needs.

You can take advantage of our proven track record as we can facilitate a fast and efficient placement. Our expertise caters for all lines of Fine Art and Specie insurance.

Coverage includes:

  • Armoured car/cash in transit
  • Bankers specie/shippers interest
  • Vault risks
  • Fine art collections
  • Bullion
  • Metals and minerals
  • In-bond merchants
  • Jewellers block
  • High net worth private clients
  • Museums and exhibitions

ERISA Fidelity Bond Coverage

If your company offers employee benefits subject to the Employee Retirement Income Security Act (ERISA), you are likely required to maintain an ERISA fidelity bond to protect the benefit plans against theft or other acts of dishonesty.

This coverage, which insures your benefit plans, is distinctly different from fiduciary liability coverage, which protects plan fiduciaries from claims by disgruntled participants and beneficiaries. Lockton experts can help you.

Fiduciary Liability

When you offer retirement and other benefit plans, you face the risk of litigation from employees and others stemming from the management and administration of those plans – even if you use a third-party administrator. Lockton’s experts can help protect you.

A fiduciary liability insurance policy covers lawsuits alleging breach of fiduciary duty or similar claims with regard to retirement and other benefit plans.

Discover more Insights & Publications  |  Read more in the Lockton Newsroom  |  See our Client Stories
Discover more Insights & Publications
Read more in the Lockton Newsroom
See our Client Stories