Project Cargo Insurance | Chubb
Project Cargo Insurance
If you’re in the business of supplying or transporting heavy-lift machinery to meet those needs or investing in clean power in developed countries, this policy can provide cover for loss, damage and delays.
The areas it covers
- Our insurance policy covers projects that include:
- Power plants including gas and nuclear
- Green energy including solar, wind, hydro and bio mass
- Petrochemical, paper and pulp, ferrous and non-ferrous plants
- Bridges and buildings
The parties it covers
Today’s supply chain for a modern infrastructure project can involve numerous manufacturers from several countries, differing contractors and a complicated array of supply routes involving any combination of land transport, sea, river, rail, road or air.
Our Project Cargo* Insurance provides clients with cover to meet the needs of all insured parties concerned, including:
- Owners and principals
- Managing contractors and main contractors
- Contractors and subcontractors
- Manufacturers and/or suppliers
- Banks and/or financial institutions
* Project cargo is defined as a set of shipments of an agreed value over a set period of time for a construction project.
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