Construction/Erection All-Risk (CAR/EAR)
We offers coverage to national and multinational companies for public and
private infrastructure projects. We focus on providing protection to support project finance solutions.
Product Details
Capacity
– Up to USD 100 million on a maximum foreseeable loss basis
– Additional capacity may be available
Coverage
CAR/EAR
– Delay in start-up
– Third-party liability for onsite activities (except US, Canada, Australia and New Zealand)
– Substantial global wind, flood and earthquake capacity
– Turnover coverages available to certain clients with construction/erection exposures
– Special package policies ranging from marine cargo to construction/erection phases, which can include the first 12 months operational risk
Client Profiles
– Companies with sums insured starting at USD 100 million
– Companies with sound risk management programs in place or being implemented
Typical Information Required
Policy terms/coverages required
– Project description
– Limits of coverage needed
– Project time schedules
– Site/engineering plans
– Project value breakdown
– Additional information as needed
Benefits & Services
– Global network
– Ability to issue locally admitted policies
– Knowledge of local rules and regulations
– Global claims network
– Prompt and equitable claims handling
– Effective solutions for the most complicated claim issues
– Association/partnership with leading industry field experts
– Ability to work with approved third-party claims adjusters
– Risk control and loss prevention services
Attachment Point
Quota share and excess of loss
Minimum Premium
Per project
- Co-insurance: USD 50,000
- Lead: USD 100,000
Package
- USD 250,000
