Our Customers
Target business
- Large complex projects
- Conventional commercial construction
- Power and infrastructure development
Overview
Overview
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 insurers capable of underwriting projects of extremely large magnitude. AXIS Construction Insurance underwriting team has the experience and hands-on, in-house engineering expertise to help brokers quickly assemble the capacity they need for these projects.
As a leading member of the Construction Consortium at Lloyd's, AXIS is able to utilize larger capacity on those risks that require it. Despite the syndicated approach that may be in place, clients have one point of contact for claims resolution. We seek to manage claims efficiently, whether the risk is insured exclusively by AXIS, through the open market, or the Lloyd's consortium.
Member of Construction Consortium at Lloyd's
Emphasis on infrastructure development and power construction
Appetite for a broad range of risks, globally
SOLUTIONS
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.
Capabilities
- AXIS normally expects a minimum premium of $15,000 for their participation on a risk
- Business written globally
- $50 million normal maximum limit
- Up to $180 million probable maximum limit line through construction consortium at Lloyd's
- Business written globally
Optional coverages
- Common policy extensions
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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Find your future at AXIS
We are a global insurer and reinsurer tackling unique challenges. At the heart of it all? Our people. As unique as the risks we face.
