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Public-private partnership Construction Insurance -P3 Plus

Casualty
AXA XL Insurance’s builder’s risk insurance includes comprehensive public-private partnership coverage for construction projects from the design phase through up to two years of operation and maintenance (O&M).

Product details

Coverage

  • Projects with a minimum lead time of 90 days and a commitment to a meeting with AXA XL representatives and all P3 key partners
  • Projects in states where P3 legislation is approved and State Authority has a dedicated P3 department

Pre-construction

  • excess casualty
  • professional liability

Course of construction

  • primary casualty
  • excess casualty
  • builder’s risk
  • professional liability
  • pollution liability
  • surety

Operations and maintenance

  • primary casualty
  • excess casualty
  • builder’s risk
  • professional liability
  • pollution liability

Client Profiles

Large contractors with dedicated P3 infrastructure teams and experience with the following project characteristics:

  • Project sizes of USD 500 million and higher
  • Large transportation (highway/transit) infrastructure projects, except New York and Illinois
  • Large bridge replacements or new bridge construction, except bridge replacements for multiple site projects

Typical Information Required

Signed concessionaire agreement

Benefits & Services

  • A dedicated relationship manager as your single point of contact
  • Claims services overseen by a construction claims account manager
  • Complete risk engineering services delivered by an experienced construction risk engineer
  • Provides engineering consultation for the O&M risk
  • Coordinates with builder’s risk insurance underwriting and claims on all aspects of coverage
  • Offers technical assistance
  • Develops site-specific safety plan
  • Serves on project safety committee
  • Delivers training support

The information contained herein is intended for informational purposes only. It’s is neither an offer to sell nor a solicitation to purchase any particular insurance product. Insurance coverage in any particular case will depend upon the type of policy in effect, the terms, conditions and exclusions in any such policy, and the facts of each unique situation. No representation is made that any specific insurance coverage would apply in the circumstances outlined herein. Please refer to the individual policy forms for specific coverage details. AXA XL is a division of AXA Group providing products and services through four business groups: AXA XL Insurance, AXA XL Reinsurance, AXA XL Art & Lifestyle and AXA XL Risk Consulting. In the US, the AXA XL insurance companies are: AXA Insurance Company, Catlin Insurance Company, Inc., Greenwich Insurance Company, Indian Harbor Insurance Company, XL Insurance America, Inc., XL Specialty Insurance Company and T.H.E. Insurance Company. In Canada, coverages are underwritten by XL Specialty Insurance Company - Canadian Branch and AXA Insurance Company - Canadian branch. Coverages may also be underwritten by Lloyd’s Syndicate #2003. Coverages underwritten by Lloyd’s Syndicate #2003 are placed on behalf of the member of Syndicate #2003 by Catlin Canada Inc. Lloyd’s ratings are independent of AXA Group. Not all of the insurers do business in all jurisdictions nor is coverage available in all jurisdictions.

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