Our Customers
Target business
- Project Builder’s Risk (PBR) – specific/single project location
- Master Builder’s Risk (MBR) – portfolio style program developed with the desired outcome of enrolling the vast majority, if not all, of an insured’s project type needs
- Various reporting and project attachment options
Overview
We are primary casualty specialists
AXIS is among the market's most experienced insurers of worldwide construction risks, with a focus on infrastructure and power generation projects. We're one of only a handful of global insurers capable of underwriting projects of extremely large magnitude. The AXIS US Construction Insurance underwriting team has the experience and hands-on expertise to help brokers quickly assemble the capacity they need for these projects.
Despite the approach that may be in place, cutomers have one point of contact for claims resolution. We seek to manage claims efficiently, whether the risk is insured exclusively by AXIS in a carrier panel approach.
Emphasis on infrastructure development, manufacturing, commercial construction and power construction
Appetite for a broad range of risks throughout the US and , globally through our network of offices.
Flexible program structures - Ability to provide capacity on a 100% placed, lead quota share, follow form quota share or excess (selective appetite)
Solutions
From natural catastrophes to design consequences, AXIS All Risks Property Damage Insurance underwriters have the in-house engineering knowledge to tailor a plan to protect construction companies and developers against the risks to major infrastructure projects. The team has the expertise to review and price a very broad range of construction types, from heavy civil engineering through to nuclear power construction.
Construction projects, like any business, can suffer from an interruption that can lead to a loss of profits. AXIS Associated Delay in Start-up Insurance can minimize the impact such delays can have on a client's business and profits.
Natural disasters and human error can sideline the equipment clients’ need for major construction projects. AXIS Associated Plant and Equipment Insurance can help make sure that damaged equipment is repaired or replaced—and back on the job—as soon as possible.
AXIS Associated Primary Third-Party Liability Insurance policies can be tailored to cover the multiple exposures that project owners have to their own liabilities as well as those of their contractors and subcontractors.
From natural catastrophes to design consequences, AXIS All Risks Property Damage Insurance underwriters have the in-house engineering knowledge to tailor a plan to protect construction companies and developers against the risks to major infrastructure projects. The team has the expertise to review and price a very broad range of construction types, from heavy civil engineering through to nuclear power construction.
Construction projects, like any business, can suffer from an interruption that can lead to a loss of profits. AXIS Associated Delay in Start-up Insurance can minimize the impact such delays can have on a client's business and profits.
Natural disasters and human error can sideline the equipment clients’ need for major construction projects. AXIS Associated Plant and Equipment Insurance can help make sure that damaged equipment is repaired or replaced—and back on the job—as soon as possible.
AXIS Associated Primary Third-Party Liability Insurance policies can be tailored to cover the multiple exposures that project owners have to their own liabilities as well as those of their contractors and subcontractors.
Appetite
- Minimum premium expectations:
- PBR - $25,000 for AXIS participation
- MBR – Annual expectation of $100,000/per project $250
- Business written on Admitted company paper with capability of non-admitted if needed
- Capacity up to $xxx Million depending on risk type and characteristics
- No appetite for wood frame, mining (above or below), offshore
- Limited appetite for wind, solar and BESS (written with our Renewable Energy team)
Optional coverages
- Delay in Completion
- Existing Real Property
- Contractor’s Equipment
- Project Phasing
- Flexible project run-off options
Claims
We deliver on our promises
Effective resolution for customers is achieved with our highly skilled claims specialists focusing on:
- Quick decision making
- Championing your needs
- An honest approach
∗Claims examples may be based on actual cases, composites of actual cases or hypothetical claim scenarios and are provided for illustrative purposes only. Facts have been changed to protect the confidentiality of the parties. Whether or to what extent a particular loss is covered depends on the facts and circumstances of the loss, the terms and conditions of the policy as issued and applicable law.
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