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Engineering Insurance

Worldwide solutions for engineering and construction insurance 

Allianz Global Corporate & Specialty provides specialist cover for all aspects of engineering and construction insurance.

Our risk consulting, claims and underwriting teams are among the most technically accomplished of any major insurer and can lead the largest engineering risks and construction projects across the globe, giving us a reputation earned through years of practical experience.

Currently we provide engineering insurance for clients all over the world, supporting them not only with flexible policy coverage, but also with the backing of our AA S&P and A+ A.M.Best credit ratings – ensuring confidence for the long term.

We deliver this service by carefully ensuring close liaison between all parties, not only within our own claims, risk consulting and underwriting teams, but also with the client and the client’s professional team through our key account management philosophy.

This philosophy is founded on the shared expertise of our international expert teams: covering specific engineering risk classes such as power and utilities, oil and gas (with a special expertise in onshore projects under construction), constructions/IDI (Inherent Defects Insurance), heavy industries, major heavy civil engineering projects, and transportation systems including rolling stock. We emphasize open dialogue with our clients and their advisors, ensuring a flexible approach and mutual understanding between all parties. 

Engineering and Construction insurance worldwide

Our service portfolio can be tailored to suit the needs of each risk, and covers all aspects of engineering and construction risk:

  • Erection All Risks (EAR) insurance
  • Business interruption, delay in start-up and advance loss of profits
  • Builders risk/construction all risks insurance
  • Latent defects and IDI (Inherent Defect Insurance)
  • Contractors’ plant and equipment
  • Insurance for electronic equipment, software and software-business interruption
  • Machinery breakdown insurance
  • Engineering project cargo
  • Risk consulting and engineering services

 

Photograph shows the Incheon Bridge, South Korea (photo courtesy of AMEC/Incheon Bridge Company)