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Lockton insurance review
Last updated:
Lock down your business assets with global advisors.
- Apply if you want an experienced broker.
- Pick something else if your small business doesn’t qualify.
- Large, global businesses may benefit the most from this international group.
optional
Roadside assistance
Depends on provider
New car protection
Accident forgiveness
Details
| States served | All 50 states |
|---|---|
| Claims methods | Depends on provider |
| Payment schedule |
Depends on provider |
| Cargo coverage |
Depends on provider |
| Non-owner coverage |
Depends on provider |
| Lifetime repairs guarantee |
Depends on provider |
Pros
- One of the world’s largest brokers
- Robust coverage
- Local US offices
- Consulting for global operations
Cons
- May not work for small businesses
- Needs more business ratings
| Bundling discount | Depends on provider |
|---|---|
| Anti-theft device discount | Depends on provider |
| Paid in full discount | Depends on provider |
| Safety device discount | Depends on provider |
| Other discounts |
Expert review
Review by
Sarah George
sarah.george@finder.comSarah George is a writer at Finder who unravels complicated topics about insurance, business and finance. She's been wordsmithing for nearly five years, after earning an English education degree. Her insurance know-how has been featured on CarInsurance.com. You can usually find Sarah sipping hot tea and talking through movie plots in her downtime.
Expert review
As one of the world’s largest insurance brokers, Lockton has broad coverage and experience managing business accounts that large companies need. However, you might want to look elsewhere if you’re a small business who can’t get coverage.
What types of insurance does Lockton offer?
Lockton doesn’t hold back on business protection. You can get coverage for:
- Accident and health
- Auto liability
- Aviation
- Cargo
- Casualty
- Contingency
- Crime
- Cyber risk
- Directors and officers
- Employee benefits
- Employed lawyers
- Employers liability
- Employment practices
- Environmental
- ERISA fidelity bond
- Errors and omissions
- Executive and financial risks
- Fiduciary
- General liability
- Kidnap and ransom
- Marine
- Motor
- Personal lines
- Product reputation and recall
- Professional liability
- Professional indemnity
- Property
- Specie and fine art
- Supply chain risk
- Surety
- Trade credit and political risk
- War and terrorism
- Workers compensation
- Workplace violence
Which other benefits and services does Lockton offer?
You choose from a long list of coverage, plus you can also get help with:
- Risk analytics, control, finance and consulting
- Catastrophe response
- Global client and compliance services
- Mergers and acquisition services
- Employee retirement and benefits planning
What do customers say about Lockton?
You won’t find many customer reviews on Lockton, possibly because businesses and professionals tend to leave fewer reviews. However, the company is the largest private insurance broker worldwide, showing that many businesses trust Lockton. The company also has an A+ rating with the Better Business Bureau.
Pros and cons of Lockton
Pros
- Established company. Lockton is a global company with many locations in the US, showing stability.
- Robust coverage. The company has coverage for everything from liability to cyber crime to workplace protection.
- Local offices. Lockton has over 50 US offices, giving you personal access in most states.
- Consulting for global operations. Go global with expert counseling for the risks, expenses and legal compliance to do so.
Cons
- May not work for small businesses. Certain businesses like single-owned restaurants or small nonprofits may not qualify for coverage.
- Needs more business ratings. You can’t gauge Lockton’s service with its few client reviews.
How do I contact Lockton?
Find answers to your questions by contacting the Lockton headquarters or your local office:
- Phone. Get in touch with headquarters at 816-960-9000.
- Email. Fill in the contact form on company’s connect page.
- Mail. Mail documents or information to the global headquarters at:
- 444 W. 47th Street
- Suite 900
- Kansas City, MO 64112
- Local office. Contact the office near you by searching the Find an office section of Lockton’s website.
Either way, consider other commercial insurance providers to find one that best suits your needs.