Protect physical damages and financial consequences for civil engineering and asset management companies
We offer Civil Engineering Completed Risks (CECR) insurance to provide cover for medium to larger multinational organisations operating in all areas of infrastructure. This includes motorways, railways, roads, bridges, dams, tunnels, ports and harbours etc.
Whether it is a standalone property insured cover, or as part of a package with other relevant insurance products, our policies provide an array of cover, additions and solutions.
Our CECR policy can be tailored to meet location-specific requirements, addressing customers’ risks of physical loss or damage to infrastructure and transportation related assets.
Package cover
We cover losses from sudden and accidental physical damage to property insured and can consider adding consequent business interruption as required.
Our standard cover includes:
- Fire and allied perils
- Flood
- Earthquake
- Storm and other catastrophic events
- Theft
- Accidental Damage
We can also offer additional covers from the construction phase through to, and including, the fully operational risk from day one. This is a full cover to help avoid any gaps.
Plus many other bespoke solutions depending on client needs.
Appetite
We have expertise in the following areas:
Preferred classes
- Roads, motorways
- Railroads
- Tunnels
- Bridges
- Commuter Rail Systems / Subways
- Harbours
Challenging classes
- Locks
- Rolling Stocks
- Earth and Rock-fill Dams
- Piers, Breakwaters, Jetties
CECR Claims
These are examples of CECR type losses. These include collapsed bridge, landslides, flooded motorways, blocked railway lines, tunnel explosions, earthquakes and more.
Why Chubb?
Dedicated specialist unit
Chubb CECR specialised products for operational infrastructural assets includes a dedicated team of underwriters, claims, risk and loss control professionals who understand the complexities of the industry, including exposures faced both in the Nordics.
Global network
With employees and network partners spanning over 200 countries and territories, Chubb has the experience and expertise to deliver multinational programme solutions.
Capacity
Chubb can deploy large capacities and take up high amount of risks as a lead market.
Long-term Agreements
Most of these risks come with a 30/40-year service agreements with the principal. Chubb can provide extended period agreements up to 3 years in addition to original construction periods.