Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 20th of September 2018
April 18, 2011

Lockton advances on “uninsurable” business risks

by Gill Montia

Story link: Lockton advances on “uninsurable” business risks

Lockton has launched Enterprise Disruption Contingency Insurance, a package of risk management solutions designed to help companies cope with previously “uninsurable” risks.

The offering can provide an “umbrella solution” for such grey area risks as loss of intellectual property rights, inability to manufacture or distribute a product because of another organisation’s product recall, regulatory risks, and information technology network disruptions or suspensions.

The group’s London-based executive director global risks, Emily Freeman, comments: “Insurance underwriters have traditionally focused on mainstream property and casualty risks, which can leave many of the exposures surfacing for today’s enterprises uncovered.”

Colleague, Ian Harrison, adds: “We work with risk managers to focus on key areas of vulnerability … it’s a true collaboration between the client, broker, and underwriter.”

 

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