The infrastructure Construction team focuses on major global infrastructure development and have a wealth of experience across all major industry sectors and geographies. The team has grown to become one of the largest specialist risk and insurance advisors based in London working for:
• Owner/Operators
• Contractors
• Investors
• Lenders
• Public/Private Sector
• Special Purpose Vehicles (SPVs)
Construction projects are becoming more complex in terms of both the emerging risks, the economic environment and the myriad of contract and financing types that are in use across the globe.
Our specialist team supports US brokers and their clients who are planning or competing for major projects in the construction industry. The depth of our experience with similar projects and our proven collaborative approach helps ensure your clients can perform to their best in the knowledge that they have a highly-experienced partner for risk and insurance.
Contact:
Brian Denney
Current geopolitical pressures mean that construction projects face some of their greatest challenges through schedule delays and the need of extensions in their construction insurance programs.
Given the potential for economic uncertainty, domestic insurers are looking to reduce their exposures rapidly. At Alesco, we recognize the potential problems this may cause US brokers when trying to arrange extensions for clients’ builders’ risk policies.
To combat this, we have put together a union of ‘A’-rated* carriers to provide a solution to replace insurers that are unable to extend.
Fundamentals of the product:
• Replacement Capacity Solution
• 'A'-Rated* Security
• A commitment from carriers to the end of the project term (including further extensions)
• Follow Form (but may be subject to current market condition)
• No Excluded Project Type
Alesco’s Environmental team has some of the most highly regarded environmental insurance specialists in the market. We work with US brokers to provide specialist advice and insurance policies to help protect construction businesses against potential pollution and contamination liabilities.
The team has significant experience in negotiating broad environmental insurance policies, which help to fill the significant gaps in pollution liability coverage that occur under many existing insurance programs, in order to reduce our clients’ exposure to uninsured losses.
We develop bespoke construction insurance policies covering pollution and contaminated land liabilities (legal and contractual) for brownfield redevelopment projects, business and property transactions, operational businesses, real estate portfolios and business-wide or project-specific contractors’ operations. We also provide cover for transport and infrastructure PFI/PPP projects, waste management (especially energy from waste facilities), manufacturing, logistics and public sector and education organizations.
We pursue innovation and have been at the forefront of developing coverage for large-scale brownfield developments, major infrastructure projects, substantial petrol station portfolios, high-value transactions and multinational environmental liability insurance programs.
As the number of major infrastructure projects around the world continues to climb the global construction workforce is engaged with dangerous work in some of the most volatile areas of the planet.
In addition to the on-site risks that keep the sector at the top for work-related injuries and fatalities, civil commotion; terrorism; natural disasters; and infectious disease further compound the risks faced by staff in this sector.
Staff members who are not faced with these risks on home soil, can often be unprepared when working abroad. It is therefore an employer’s responsibility to implement a comprehensive overseas risk management strategy.
Alesco has extensive experience supporting US brokers and their construction clients, who are sending their staff overseas to high risk territories where traditional personal accident and business travel insurance policies often do not provide appropriate cover.
Employee insurances and special contingency solutions:
• Travel
• Medical Expenses
• Personal Accident and Illness
• Workers' Compensation
• Life Insurance
• Kidnap, Ransom, and Extortion
• Emergency Political and Natural Disaster Evacuation
• Crisis Management Response
Risk Management Services:
• Real-Time Global News Feeds and Alerts
• GPS Tracking System
• Communications Tools and SOS Triggers
• 24/7 Emergency Support Team
• Action Plans
• Pre-Travel Briefings and Training
Contact:
