AGCS offers construction industry insurance for global clients
Investment in building, construction and engineering is a crucial part of the foundation of economic growth and prosperity. Allianz Global Corporate & Specialty fields a specialist portfolio of expertise and services to meet the needs of this critical industry around the world and offer them tailored construction industry insurance solutions.
With a special focus on larger risks, irrespective of their location, we can offer an unusual combination of large underwriting capacity (for the biggest projects or companies), genuinely global reach (via our network of more than 160 locations) and specialist technical insight (from our integrated underwriting, claims and risk consulting teams).
In addition, our services can cover the broader construction liability insurance needs of our clients, from Directors & Officers cover to employers liability or even specialty covers such as cargo or professional indemnity where required.
It is this combination which has made AGCS the lead insurer of choice for many of the world’s leading projects from the ground-breaking Incheon Bridge in South Korea to the Pluto LNG project in Western Australia. We have a special expertise in leading major engineering projects including highways, railways, pipelines, dams, bridges and tunnels (so-called 'heavy civils').
Our clients cover all aspects of the industry including financiers and investors, banks, architects, designers, contractors and material suppliers, engineers and construction professionals and of course project principals.
We devise flexible construction industry insurance solutions which are based on detailed input from our risk consulting teams, backed up by financial security rated 'AA' by Standard & Poor's. This advice not only supports our underwriting but also is freely discussed with the clients, reducing risk and preventing losses – to the mutual benefit of all parties.
Tailored construction industry insurance from A to Z
From airport terminals to bridges, or from contractors to architects, no two projects or clients are the same. This is why our product range can be adjusted to suit the specific needs of each client to include:
- Builders risk/construction all risks
- Business Interruption, delay in start-up and advance loss of profits
- Public, products and employers' liability
- Product recall
- Environmental liability
- Renewable energy
- Latent defects and Inherent Defect Insurance
- Contractors' plant and equipment
- Electronic equipment/electronics systems insurance
- Machinery breakdown
- Cargo including storage, project cargo shipments and combined cargo/engineering covers
- Property coverage including physical damage
- Directors & Officers liability
- Professional Indemnity
- International insurance programs
- Business continuity reviews
- Risk consulting and engineering services