Infrastructure & Construction

Infrastructure & Construction

Liberty understands 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: 

  • Roads, tunnels, rail and bridges
  • Power stations and utilities
  • Desalination plant, waste and water treatment
  • Cement plant
  • Pulp and paper mills
  • On- and offshore pipelines
  • Oil, gas, petrochemical/chemical plant, refineries
  • Airports and ports
  • Hotels and casinos
  • Hospitals and prisons
  • Metal and mineral processing plant, mine infrastructure
  • Bulk storage terminals
  • Telecommunications
  • Manufacturing facilities
  • Government (all levels) construction and infrastructure

Construction Insurance

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).

At a glance:

  • Covers contract works and DSU
  • Ability to provide bespoke cover to address project-specific insurance needs
  • Capacity to underwrite long-term projects.

Construction Project Professional Indemnity (PI)

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.

At a glance:

  • US$20m capacity
  • Worldwide coverage
  • Includes US exposures (excludes North America intellectual property rights infringement)

Environmental Impairment Liability

Increasingly stringent legislation, regulatory enforcement and contractual obligations combined with the long-tail nature of contamination exposures make comprehensive environmental cover essential.

At a glance:

  • Covers pollution caused by contractors on a worksite
  • Sudden and gradual pollution/contamination including damage to natural resources
  • Fills the gaps in pollution exposure from general liability policies
  • No asbestos, lead and silica exclusions
  • Track record in environmental remediation
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Alan Thorn - Head of Casualty Specialties, Asia Pacific

Alan Thorn

Head of Casualty Specialties, Asia Pacific
T: +61 7 3235 8841

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Project Cargo Insurance

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.

At a glance:

  • Large capacity - where we lead, others are more likely to follow
  • Insurance tailored to clients' needs
  • Extensive Asia Pacific construction and infrastructure experience
  • Underwriters with the authority to act quickly
  • Specialised in-house marine risk engineers
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Hanghei D'Aversa - Assistant Vice President & Risk Engineer, Marine

Hanghei D'Aversa

Assistant Vice President & Risk Engineer, Marine
T: +65 6622 9222

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Project-Specific Construction Liability

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.

At a glance:

  • Any construction period (including those >5 years)
  • Up to 10 years' Maintenance/Defects Liability and/or Completed Operations cover.
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Angelo Maniatis - Vice President, Risk Engineering Casualty & Professional & Financial Risks, Asia Pacific

Angelo Maniatis

Vice President, Risk Engineering Casualty & Professional & Financial Risks, Asia Pacific
T: +61 3 9619 9868

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Surety

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.

Time is precious, and bonds are often required at short notice. We work quickly and efficiently to make things happen on time.

At a glance:

  • Market-leading capacity
  • Ability to consider long-term risks
  • Predominantly cover for large, publicly-traded or privately-owned business.
  • Types of bonds include (but not limited to):
    • bid/tender
    • contract performance
    • advance payment
    • maintenance
    • retention release
    • offsite materials
    • bank-fronted and syndicated structures.
       
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Greg Wright - Head of Surety Asia Pacific

Greg Wright

Head of Surety Asia Pacific
T: +61 2 8047 3373

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Tian Gu - Senior Underwriter, Surety

Tian Gu

Senior Underwriter, Surety
T: +852 3655 2665

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