What type of business is it good for?

  • Large complex projects
  • Conventional commercial construction
  • Power and infrastructure development
Steve Cross
Unit Head - Construction
Insurance
London, England
steve.cross@axiscapital.comsteve.cross@axiscapital.com
Tel +44-20-7050-9537Tel +44-20-7050-9537
Member of Construction Consortium at Lloyd's
/images/default-source/icons/137.svg?sfvrsn=fdc40d94_4Emphasis on infrastructure development and power construction
/images/default-source/icons/61.svg?sfvrsn=73bba843_16Appetite for a broad range of risks, globally
AXIS is among the market's most experienced insurers of worldwide construction risks, with a focus on infrastructure and power generation projects. We're one of only a handful of insurers capable of underwriting projects of extremely large magnitude. AXIS Construction Insurance underwriting team has the experience and hands-on, in-house engineering expertise to help brokers quickly assemble the capacity they need for these projects. As a leading member of the Construction Consortium at Lloyd's, AXIS is able to utilize larger capacity on those risks that require it. Despite the syndicated approach that may be in place, clients have one point of contact for claims resolution. We seek to manage claims efficiently, whether the risk is insured exclusively by AXIS, through the open market, or the Lloyd's consortium.

Solution

AXIS All Risks Property Damage Insurance

Insurance
From natural catastrophes to design consequences, AXIS All Risks Property Damage Insurance underwriters have the in-house engineering knowledge to tailor a plan to protect construction companies and developers against the risks to major infrastructure projects. The team has the expertise to review and price a very broad range of construction types, from heavy civil engineering through to nuclear power construction. From natural catastrophes to design consequences, AXIS All Risks Property Damage Insurance underwriters have the in-house engineering knowledge to tailor a plan to protect construction companies and developers against the risks to major infrastructure projects. The team has the expertise to review and price a very broad range of construction types, from heavy civil engineering through to nuclear power construction.

Solution

AXIS Associated Delay in Start-up Insurance

Insurance
Construction projects, like any business, can suffer from an interruption that can lead to a loss of profits. AXIS Associated Delay in Start-up Insurance can minimize the impact such delays can have on a client's business and profits. Construction projects, like any business, can suffer from an interruption that can lead to a loss of profits. AXIS Associated Delay in Start-up Insurance can minimize the impact such delays can have on a client's business and profits.

Solution

AXIS Associated Plant and Equipment Insurance

Insurance
Natural disasters and human error can sideline the equipment clients’ need for major construction projects. AXIS Associated Plant and Equipment Insurance can help make sure that damaged equipment is repaired or replaced—and back on the job—as soon as possible. Natural disasters and human error can sideline the equipment clients’ need for major construction projects. AXIS Associated Plant and Equipment Insurance can help make sure that damaged equipment is repaired or replaced—and back on the job—as soon as possible.

Solution

AXIS Associated Primary Third-Party Liability Insurance

Insurance
AXIS Associated Primary Third-Party Liability Insurance policies can be tailored to cover the multiple exposures that project owners have to their own liabilities as well as those of their contractors and subcontractors. AXIS Associated Primary Third-Party Liability Insurance policies can be tailored to cover the multiple exposures that project owners have to their own liabilities as well as those of their contractors and subcontractors.

  • AXIS normally expects a minimum premium of $15,000 for their participation on a risk
  • Business written globally

AXIS CONSTRUCTION INSURANCE 1

AXIS CONSTRUCTION INSURANCE 3

  • Common policy extensions

Documents

AXIS Construction Insurance Appetite Guide

Experienced and proactive claims management

Coordination Between

Legal, Claims, Underwriting & Distribution Partners

At AXIS, we take a swift and supportive approach to managing claims. Our highly experienced construction claims specialists work with brokers and underwriters to provide flexible, high-quality service. The aim is always to efficiently resolve claims and minimize the impact on projects and business operations.

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