Contractors All Risks
Our dedicated Infrastructure team focusses on major global risks in the civil engineering sector and includes specialists focussed on range of sub-sectors including:
- Tunnelling Risks – Requires special form of coverage including major factors such as risk of tunnel collapse, construction machinery used to carry out the tunnelling and damage to surrounding properties and businesses.
- Ports and Terminals – Offshore and onshore insurance companies belong to distinct segments of the insurance industry, and it is vital to coordinate marine project insurance requirements effectively between them. To ensure that the insurance policy provides coverage, insurers must be in agreement about the technical definition of "normal action of the sea" which excludes the compensation of damages sustained by the project.
- Road and Bridge Construction – Insuring road construction can present difficulties for insurers owing to the unpredictable site conditions, which can give rise to a variety of challenges such as geotechnical and weather-related issues. The task becomes even more complex due to previous claims associated with these challenges. Constructing bridges and overpasses is particularly challenging, and with this comes engineering risks that can result in both first and third-party liabilities.
- Rail – In addition to the misalignment concerns, there are also testing and commissioning hazards that should be taken into account, as well as the crucial matter of insuring the rolling stock and how it relates to the main project insurance.
- Airports – significant roof spans, exposure to the public and potential airside liability all contribute to the risk factors of these projects.
- Large Complex Structures – As experts in the field of insurance, we have extensive experience providing coverage for some of the most innovative and towering structures in the world, including skyscrapers, sports stadia, and shopping malls. Each of which have their own distinct set of challenges.
Due to the nature of these projects, it is essential to account for various additional considerations, such as risk management in design, environmental and pollution factors, public exposure, and potential weather and natural disaster conditions. Additionally, our project management approach also takes into account Delay in Start Up insurance and the evolving conditions of lenders, which can significantly impact our project placements.
We have tried and tested approaches to assist our clients in understanding their risk exposures and their risk-transfer options and tailoring insurance solutions to them to extract maximum value from the (re)insurance market.
Arthur J. Gallagher (UK) Limited is authorised and regulated by the Financial Conduct Authority. Registered Office: The Walbrook Building, 25 Walbrook, London EC4N 8AW. Registered in England and Wales. Company Number: 119013.