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Coverage
The XL Insurance companies offer coverage that includes:
- Construction and Erection All Risk / Builders Risk
- Advance loss of profits / delay in start-up
- Third-Party Liability for onsite activities (except for USA, Canada, Australia and New Zealand)
- Substantial global wind, flood and earthquake capacity
- Open turnover coverages for key clients with construction / erection exposures
CLIENT PROFILE
- Typically risks with sums insured starting from USD 100 million
- Risks with a sound risk management program in place or under implementation
OUR SUPPORT SERVICES
Global Claims Network
Global Fronting
Loss Prevention Services
Risk Control Engineering
Specialised Claims Handling
Geographic Focus
With underwriting teams in London, Paris, Madrid, Amsterdam, Sydney, Zurich, Munich and New York, we provide the meaningful capacity of a global insurer to meet your insurance needs throughout the world.
Typical Limits
Our risk appetite largely depends on nature of risk, our assessment of the overall quality of the risk and the MFL assessed by our account consultants.
Typical Attachment Point
We offer quota share and excess of loss.
Minimum Premium
- USD 50,000 per project for co-insurance participation
- USD 100,000 for project lead participation
- USD 250,000 for package policy participation or lead
Participation
Excess of Loss
Lead
Quota Share
Typical Information Required
To accurately evaluate risk, we require the following information:
- Policy terms / coverages
- Project description
- Limits of coverage needed
- Project time schedules
- Site / engineering plans
- Project value breakdown
- Appropriate underwriting information to clarify risk exposures
Including but not limited to:
10 - Metal Mining
14 - Mining and Quarrying of Nonmetallic Minerals, Except Fuels
15 - Construction - General Contractors & Operative Builders
16 - Heavy Construction, Except Building Construction, Contractor
17 - Construction - Special Trade Contractors
28 - Chemicals and Allied Products
29 - Petroleum Refining and Related Industries
33 - Primary Metal Industries
35 - Industrial and Commercial Machinery and Computer Equipment
36 - Electronic & Other Electrical Equipment & Components
37 - Transportation Equipment
38 - Measuring, Photographic, Medical, & Optical Goods, & Clocks
40 - Railroad Transportation
46 - Pipelines, Except Natural Gas
47 - Transportation Services
48 - Communications
49 - Electric, Gas and Sanitary Services
87 - Engineering, Accounting, Research, and Management Services
Disclaimer
This general product description is informational only. It is neither an offer to sell nor a solicitation to purchase any particular insurance product. Coverages may not be available in all jurisdictions, including without limitation any jurisdictions within the United States, and may be available only through appropriately licensed producers. Note: Products subject to legal and underwriting requirements. Specific product availability varies by global jurisdiction.
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