Customised cover built around your requirements
Due to the diversity of construction businesses, any insurance policy must include exposures specific to your operation. As a result, our proposition is complemented by a latent defect risk solution that caters for the unique exposures faced by large construction projects.
Why choose us for construction and latent defects insurance?
- We can underwrite global construction projects (with exclusive London market capacity)
- We offer packages that combine cover for construction and operation, such as property, latent defects insurance and other specialist covers
- Our claims team is comprised of experienced construction specialists
What does the cover do?
Our products protect the construction industry against:
- Contractors’ all risks (CAR), erection all risks (EAR)
- Loss or damage to permanent and temporary works, and construction plant and machinery
- Delay in a Start-up following an indemnified event under the CAR/EAR
- Latent defects insurance (LDI) (can be considered for limited occupancies and territories)
Additional covers can be requested including:
- Third party liability cover
- Damage to existing property
We can lead global insurance programmes worldwide through our Multinational Centre of Excellence (COE) and our partner network that covers more than 150 countries. We strive to provide a seamless, client-focused end-to-end service – creating controlled master programmes for corporate clients.
GCS Construction Lead
Daniel Abramson has successfully managed construction and energy portfolios for over 20 years. Based in Zurich, New York, Shanghai, Dubai, Singapore, and Bangkok with both AIG and Zurich Insurance, he developed and implemented corporate strategy for underwriting and marketing of construction business, created underwriting standards and guidelines, created and managed global construction treaties and specialized treaty facilities, underwrote major projects and referral cases, and supervised new product development.
Prior to embarking on his insurance career, Daniel was an officer in the US Navy and a nuclear engineer for Naval Reactors, a joint division of the US Naval Sea Systems Command and US Department of Energy. He holds a B.S. degree in Applied and Engineering Physics from Cornell University and a Ph.D. in Mathematics from the University of Texas at Austin.