Lockton Launches New Data Center Insurance Product

Insurance brokerage Lockton has partnered with Parametrix, a provider of digital business interruption risk solutions, to bring a Service Level Agreement (SLA) insurance offering to the data center market. The companies said the parametric coverage offers immediate payouts triggered by predefined violations of SLA terms. 

“We’re excited to partner with Lockton to offer SLA insurance to the data center ecosystem,” said Rick Wong, Parametrix’s head of insurance. “As uptime requirements and financial scrutiny grow, availability is no longer just a technical issue, it’s a strategic and financial risk. This partnership helps operators and investors manage that risk proactively- optimizing capital efficiency, lowering financing costs, and increasing confidence in the stability of their assets.”

“This solution addresses one of the most acute financial pain points the data center industry is facing today: downtime-related SLA exposure,” added Preet Gill, EVP and technology risk practice leader at Lockton. “It’s a prime example of how our team combines deep sector expertise with innovative insurance structures to deliver immediate, measurable value. We’re proud to offer a product that directly strengthens our clients’ capital strategies and operational resilience.”