Lockton Launches Enterprise Disruption Contingency Insurance

Lockton, a privately held insurance broker, is launching a package of risk management solutions called Enterprise Disruption Contingency Insurance designed to help companies cope with previously “uninsurable” risks.

Lockton’s Enterprise Disruption Contingency Insurance offers an “umbrella solution” for such gray area risks as loss of intellectual property rights, inability to manufacture or distribute a product because of another organization’s product recall, regulatory risks, and information technology network disruptions or suspensions.

Supported by key London insurance market syndicates, Lockton can offer initial insurance capacity of up to $75 million for this program. Policy language is customized to the needs of individual companies.

The Enterprise Disruption Contingency Insurance program also includes an innovative risk workshop with the covered company and key suppliers and vendors.

Lockton has issued a detailed report on Enterprise Disruption Contingency Insurance that describes the issues and challenges in detail. It is available free at Lockton.com.