Liberty underwriters understand the diverse insurance needs involved in infrastructure and construction – the construction itself, the people, the transport of critical cargo, delay in start-up, and the environment – and our cross-lines approach coupled with our industry knowledge satisfies those needs. Our engineers have the industry experience to help clients control the risks, and our claims professionals have years of experience with complex, multi-party claims.
Our broad business appetite is backed by strong capacity, and we have substantial experience insuring infrastructure and construction across a spectrum of high-end project types:
Liberty has the business appetite, capacity (US$150 million PML) and in-depth understanding of technically complex risks to provide effective insurance cover for major infrastructure and construction projects. At the other end of the scale, we also provide comprehensive cover – especially multi-product solutions – to smaller and less complex projects.
We have an in-depth understanding of the financial implications of projects’ delay in start-up (DSU). In the event of DSU, our cover is designed to help protect the financial viability of the project (from the owner’s perspective), and to help ensure successful financing of private sector and private/public sector projects (from the lender’s perspective).
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Effective insurance of a large construction or infrastructure project requires significant capital, long-term commitment and proven industry experience. Liberty brings all of these to the table and offers a suite of PI insurance policies for major construction and infrastructure projects.
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Increasingly stringent legislation, regulatory enforcement and contractual obligations combined with the long-tail nature of contamination exposures make comprehensive environmental cover essential.
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Liberty has proven capability in understanding the logistical issues, complex transportation operations and financial implications of delays and other problems in major construction projects. This experience, combined with flexible policy wordings and a holistic team approach, gives clients the peace of mind afforded by effective insurance. Our marine, construction and liability strengths provide seamless Project Cargo insurance.
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To provide liability cover on a major construction or infrastructure project, you need the business appetite, industry knowledge and experience to handle multiple parties and complex risks. Liberty has all of that, plus a lead capacity of $50 million on a primary or co-insurance basis.
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Liberty offers a range of surety bonds and guarantees - an alternative to bank guarantees - tailored to the insurance needs of clients in infrastructure and construction, including complex Public Private Partnerships.
Time is precious, and bonds are often required at short notice. We work quickly and efficiently to make things happen on time.
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