We understand the diverse insurance needs involved in infrastructure and construction – the construction itself, the people, the transport of critical cargo, delay in start-up, and the environment – and our cross-lines approach coupled with our industry knowledge satisfies those needs. Our engineers have the industry experience to help clients control the risks, and our claims professionals have years of experience with complex, multi-party claims.
Our broad business appetite is backed by strong capacity, and we have substantial experience insuring infrastructure and construction across a spectrum of high-end project types:
Liberty has the business appetite, capacity (US$150 million PML) and in-depth understanding of technically complex risks to provide effective insurance cover for major infrastructure and construction projects. At the other end of the scale, we also provide comprehensive cover - especially multi-product solutions - to smaller and less complex projects.
We have an in-depth understanding of the financial implications of projects' delay in start-up (DSU). In the event of DSU, our cover is designed to help protect the financial viability of the project (from the owner's perspective), and to help ensure successful financing of private sector and private/public sector projects (from the lender's perspective).
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Effective insurance of a large construction or infrastructure project requires significant capital, long-term commitment and proven industry experience. Liberty brings all of these to the table and offers a suite of PI insurance policies for major construction and infrastructure projects.
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The financial and business interruption implications following an environmental incident can be significant, especially when the event generates substantial publicity. More prescriptive and stringent legislation, heightened media and community awareness, along with the possibility of delayed and protracted ‘long-tail’ claims, make businesses of all kinds increasingly vulnerable either as the cause or the victim of an environmental incident.
Traditional insurance products do not provide sufficient protection for environmental disasters with significant contamination exposures. Liberty's environmental impairment products help to protect against potential losses arising from such an incident, and feature cover for:
Liberty offers two types of environmental impairment liability cover – Fixed Site and Contractors.
Liberty has proven capability in understanding the logistical issues, complex transportation operations and financial implications of delays and other problems in major construction projects. This experience, combined with flexible policy wordings and a holistic team approach, gives clients the peace of mind afforded by effective insurance. Our marine, construction and liability strengths provide seamless Project Cargo insurance.
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To provide liability cover on a major construction or infrastructure project, you need the business appetite, industry knowledge and experience to handle multiple parties and complex risks. Liberty has all of that, plus a lead capacity of $50 million on a primary or co-insurance basis.
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Liberty offers a range of surety bonds and guarantees - an alternative to bank guarantees - tailored to the insurance needs of clients in infrastructure and construction, including complex Public Private Partnerships.
Across the Liberty Mutual Group, we write almost US$1 billion in surety premiums annually, providing access to unparalleled global surety market experience and significant capacity.
Time is precious, and bonds are often required at short notice. We prioritise timely bond issuance, working quickly and efficiently, so you can focus on running your business.
View the Liberty Mutual Surety website to find out more about our global bond products.
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Sometimes we underwrite things a little weird & wonderful here at Liberty, a bit like my University thesis of 'Insurance & Risk Management in the Irish Mink Farming Industry'.
I believe one of the most important parts of our role is to make sure companies understand that their standard insurance coverage doesn't address environmental impairment liability.
I've been underwriting Marine insurance in the local market for over 30 years, so I know exactly what it takes to protect our clients against risks and exposures.
Over the last decade at Liberty, my focus has always been on professional indemnity, and working collaboratively with our stakeholders to tailor solutions for their clients.
I've underwritten and lead countless infrastructure projects with marine exposures across the Asia Pacific region, and have the experience needed to offer solutions to even the most difficult-to-insure risks.
When it comes to solving complex casualty risks, I go wherever our clients need me – from Northern NSW to Cairns, and all the way to Darwin.
