Development of onshore infrastructure projects, and the increasing economic and technical risks of construction and erection, has led to the demand for tailor-made insurance programmes.

We have been involved in major projects worldwide covering - oil, gas, power utilities, hydroelectric dams, steel and cement plants, tunnels, bridges, pipelines and high rise buildings.

Coverage is provided is on a physical loss or damage 'all risks' basis including:

• Materials
• Machinery
• Equipment
• Temporary and permanent works
• Faulty design and workmanship
• Testing and commissioning
• Maintenance

An insurance programme can be provided for:

• Contractors
• Sub-Contractors
• Owners (including Financiers)
• Cover starts with transportation and mobilisation of equipment and finishes once the final certificate of handover is issued - any maintenance periods thereafter can be covered, as required.

Advanced loss of profits (ALOP)/delay in start-up (DSU)

The advent of Private Finance Initiatives (PFI) has broadened the nature of insured interests. Consequently, the income that was budgeted from the output of the plant may be delayed, therefore, creating cash flow problems, which might threaten the viability of the project.

ALOP/DSU provides cover for exposures related to the loss of anticipated revenue from newly constructed facilities, debt servicing costs and standing charges.