What Are the Key Differences Between Lockton and THREE by Berkshire Hathaway General Liability Insurance?
Custom Commercial Program or Combined Small-Business Policy
Lockton says it brokers general liability and designs custom program structures using insurers across the global market. THREE lists general liability within its combined Business Owners Policy. Larger or more complex companies can ask Lockton to explain its proposed structure and markets; a buyer considering THREE should check whether its package fits the company's revenue, operations and other requested lines. [8] [1]
Industries and Related Casualty Lines
Lockton names global manufacturers, B2B service providers, consumer products companies, REITs, contractors and healthcare companies among clients for its GL solution. It also places product liability, environmental impairment, medical malpractice, product recall and umbrella or excess coverage. THREE identifies general liability in its combined policy but does not describe this same breadth of adjacent placements in the reviewed record. Companies with several casualty exposures should request a coordinated coverage map from each route. [8] [1]
Service Team
Lockton says clients retain the same dedicated service team throughout placement. THREE directs buyers to an online quote and licensed Small Business Advisors but its reviewed material does not describe a continuing GL service team. Ask who will manage renewals and claims questions after purchase and whether that contact remains assigned. [7] [2]