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Construction Insurance

Delivering strong capacity and trusted engineering protection for complex projects worldwide. 

Our Data Centres Solutions

Why Choose AIG for Construction Insurance?

AIG has decades of experience and in-depth knowledge of the risks clients face in the construction sector. We provide specialist cover for buildings and infrastructure projects and major oil, gas, petrochemical, power, pharmaceutical and heavy industry processing plants. Our experienced underwriters, risk engineers and responsive claims specialists provide exceptional service, globally. 

The AIG Advantage

Where We Can Help

AIG Construction insurance caters to an expansive range of industries across a variety of sectors and geographies. 

Appetite and Sweet Spots [PDF]

Deep Expertise

Our global technical underwriting, claims and risk engineering expertise demonstrates our continued willingness and capability to find innovative solutions and support clients’ safety measures.

Global Risk Consulting

We deliver comprehensive on-site risk engineering assessments, benchmarking and loss prevention services. We support clients in reducing exposure to risk and ensuring their operations run efficiently and without interruption.

Claims Expertise

Decades of experience in dealing with all types of Construction claims, presenting both financial and reputational risks, and the knowledge and resources to manage claims promptly and effectively.

Multinational Expertise

Worldwide coverage (subject to sanctions and restrictions) may be provided by our Multinational teams globally with dedicated specialists for all captive fronting needs, local policy issuance or innovative risk transfer solutions.

Captive Fronting Solutions

We can offer captive fronting solutions and bespoke structure captive programmes; we support clients in building a long-term, sustainable risk management framework with a dedicated team of over 50 global fronting experts with presence in strategic hubs in all regions worldwide, tailoring customized captive solutions.

Global Risk Consulting

Experienced risk engineering across a wide range of occupancies to support underwriting and client risk management allowing us to consider the difficult risks which others may be reluctant to take on.

  • Industry specialist engineers provide world-class loss prevention risk consulting
  • Providing clients with a proprietary view of risk developed through AIG’s risk insights and analytics
  • In-house AIG risk engineers establish bespoke service plans to meet mutual needs on business and asset protection
  • AIG draws from a deep well of long-established risk engineering knowledge and expertise in the designing of service agreements 

Our Claims Promise

In the event of a major claim, AIG will confirm coverage under the policy as quickly as reasonably possible. If coverage is confirmed, we promise to provide the Policyholder with immediate working funds of up to 50% of our share of the agreed estimate within 7 days for Property Damage and repairs.** 

 **This is subject to confirmed liability and based on agreed Property Damage estimates only and does not apply to Delay in Start Up/Business Interruption.

Construction Claims Promise

AIG Construction Solutions

Our deep understanding of the Construction industry enables us to provide tailored protections both globally and domestically.

AIG Construction solutions are built specifically for either companies managing construction projects, helping protect a project from inception through completion and beyond or for annual programmes.  

Our Construction All Risk (CAR) and Erection All Risk (EAR) insurance covers all construction or installation risks related to construction site activities, including third party liability during the execution of the works and/or the installation of machinery or systems.

Coverage includes:

  • Up to USD 250m* PML (probable maximum loss) capacity
  • Natural catastrophe capacity, including earthquake, flood, and windstorm 
  • Testing and commissioning
  • Cover can be arranged on a one-off, single-period project or yearly basis
  • Products may be tailored to include third party injury or physical damage cover as well as delay in start-up

* Risk capacity: guide only – every case written on its merits

We understand how crucial it is for companies to protect against risks during all phases of a project, including post construction operations and facilitate multiple product solutions to support clients through this transition.

 

During Construction

Renewables, Upstream, Casualty including Environmental Impairment Liability, Professional Indemnity, Kidnap & Ransom, Marine Project Cargo, Political Risk and Political Violence

 

Post Construction

Accident & Health, Aviation, Cyber and Directors & Officers, Energy (Renewables, Mining, Chemicals & Pharmaceuticals, Oil, Gas & Petrochemical) and Property 

Our Construction Leadership Team

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