Construction/Erection All Risk
We have developed a niche insurance model to protect clients with projects and operations in the energy sector such as the construction or operation of power plants, oil and gas refining and petrochemical facilities, or high rise commercial buildings against the risk of damage to physical assets or other losses incurred as a result of mechanical failures, disruptions to telecommunications or utilities, and other corporate and industrial risks.
ACE's Contractors' All-Risks (CAR) and Erection All-Risks (EAR) policies embrace construction of static structures. Our preferred types of contracts are in the construction of commercial buildings (offices, retail, etc) and private housing, for which ACE can provide the finished operational covers.
Features & Benefits
- Provides cover for all risks of physical loss or damage not otherwise excluded for property which is undergoing construction or erection
- Can include and combine advanced loss of profits, marine and liability covers for large power projects
- Risk management specialists
- Global experience in underwriting
Areas of Focus
- Large construction projects