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:
We understand and can arrange insurance for multiple delivery methods of construction projects, from principle controlled, to subcontractors and everything in between.
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:
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.
Visit the Professional Indemnity page for more information, collateral and content
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.
Visit the Environmental Impairment Liability page for more information, collateral and content
Liberty’s Project Cargo and Marine Delay in Start-up products protect against financial loss if transit risk results in a delay to the start-up of a project. Such delays can have a significant effect on a project’s earning capacity and appropriate insurance is prudent, if not crucial.
Visit the Marine page for more information, collateral and content
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 these capabilities.
Visit the Primary Liability page for more information, collateral and content
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 prioritise timely bond issuance, working quickly and efficiently, so you can focus on running your business.
Visit the Surety page for more information, collateral and content.
Even when a business factors in how variations in weather will affect its earnings, unexpected extreme weather events present their own risks. Liberty offers Weather Index products that provide cover predicated upon weather conditions set out in the policy documents. This includes products specifically designed for construction companies, outdoor event operators and forestry plantations.
Visit the Weather page for more information, collateral and content
Liberty's Group Personal Accident and Sickness cover provides a valuable pathway to help protect people from unexpected events and provides them with financial security, such as one that leaves an individual unable to work or participate in other activities for an extended period of time. Our standard product is far from standard in scope and we have tailored our product to give customers maximum reassurance with a minimum of fuss.
Visit the Accident & Health page for more information, collateral and content
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.
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.
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.
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.
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'.
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.
