LIU’s Project Cargo and Marine Delay in Start-up products protect against financial loss if transit risk results in a delay to the start-up of a project. Such delays can have a significant effect on a project’s earning capacity and appropriate insurance is prudent, if not crucial.
Project Cargo forms part of LIU’s Infrastructure and Construction Solutions, which brings a cross-lines approach to the diverse insurance needs of the infrastructure and construction sector.
At a glance:
- US$100m capacity
- Focus on principal-controlled infrastructure projects needing cover for delay in start up
- Suits (but not limited to):
- power generation plant
- pulp and paper mill
- desalination plant
- steel production plant
- rail, road and airport infrastructure
- petrochemical refineries
- renewables such as solar, wind and hydro plants.