As the global economy develops, companies are once again expanding their operations. Major construction projects provide a multitude of on-site and off-site risks and delays in completion can have expensive consequences. Our construction policies protect against the cost of physical loss or damage to building works, contract materials and equipment involved in onshore construction projects. In addition, we provide third party liability cover and advance loss of profit coverage.
Our dedicated underwriting team possesses the technical expertise, multi-lingual capabilities and breadth of knowledge necessary to mitigate the specialty risks associated with major construction and erection projects. At Allied World, we pride ourselves on offering exceptional client support by being a committed and long-term insurance provider and partner.
Key coverage
- Erection All Risks (EAR)
- Contractors All Risks (CAR)
- Third Party Liability (TPL) in conjunction with C/EAR cover
- Advance Loss of Profit (ALoP) in conjunction with C/EAR cover
Target classes
Erection All Risks (EAR)
- Power generation and transmission and utilities
- Oil, gas and petrochemicals
- Chemical and pharmaceutical plants
- Manufacturing and process industries (e.g. automobiles, electronics and semiconductors, food and beverage, metals production and refining)
- Renewables: Solar and BESS
Contractors All Risks (CAR)– Building Construction
- Government
- Industrial
- Hospitals
- Stadiums
- Airports
- Data Centres
Contractors All Risks (CAR)– Civil works
- Roadways, bridges, railways, metros and tunnels
- Infrastructure projects
- Power transmission and distribution
- Pipelines and storage tanks
- Water and wastewater distribution
- Ports, canals and irrigation
- Telecommunications networks
- Mining (above ground)
Capacity
- Capacity of up to US $100M (or local currency equivalent) on a Probable Maximum Loss (PML) basis
Territories
We underwrite single and multi-site construction project accounts produced in London or Continental Europe. These accounts have project locations in Europe, Middle East, Africa, Asia, Latin America and North America.