Our construction insurance protects 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.
Capacity
- Up to $100M (PML)
Target classes
Erection All Risk (EAR)
- Power generation and transmission and utilities
- Oil, gas and petrochemicals
- Chemical and pharmaceutical plants
- Mining (processing) and mineral extraction
- Manufacturing and process industries (e.g. automobiles, electronics and semi conductors, food and beverage, metals production and refining)
- Renewables: Solar and BESS
Contractors All Risk (CAR) – Building construction
- Government
- Industrial
- Hospitals
- Stadiums
- Airports
- Data Centres
Contractors All Risk (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
- Telecommunication networks
- Mining (above ground)
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.
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
Underwriting strategy
- Delivering commercial underwriting expertise, excellent service and responsiveness
- Building long term and reciprocal relationships with our brokers and customers
- Working with brokers and insureds to provide coverage provisions in line with local market conditions
Financial strength
Allied World’s Lloyd’s Syndicate 2232 benefits from the ratings assigned to the Lloyd’s market: A+ (Superior) from A.M. Best, AA- (Very Strong) from Standard & Poor’s and AA- (Very Strong) Fitch ratings. In addition, we are part of the Lloyd’s chain of security and as a result all policies written by Syndicate 2232 are backed by the Lloyd’s central fund.
Coverage is subject to the satisfaction of applicable regulatory licensing requirements and will be provided through appropriately licensed insurance intermediaries. Actual coverage may vary and is subject to policy language as issued. Risk management services are provided by or arranged through AWAC Services Company (Ireland) Limited, a member company of Allied World. Coverage will be underwritten by Allied World Syndicate 2232, including EU/EEA business that will be underwritten by Lloyd’s Insurance Company S.A. (Belgium) and fully ceded to and reinsured by Allied World Syndicate 2232. Syndicate 2232 is managed by Allied World Managing Agency Limited, which is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. The Lloyd’s market is rated “AA-” (Very Strong) by Standard & Poor’s and “AA-” (Very Strong) by Fitch Ratings. © 2025 Allied World Assurance Company Holdings, Ltd. All rights reserved.