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Infrastructure

Industry-Specific Knowledge Insurance Solutions Recommended

Industry-Specific Knowledge

The Infrastructure industry is a critical component of modern society, providing the foundation for economic growth, transportation, and communication. Our team at IIB has extensive knowledge of the industry's nuances, including:

- Road and highway construction
- Bridge and tunnel development
- Airport and seaport infrastructure
- Rail and public transportation systems
- Water treatment and waste management facilities
- Renewable energy infrastructure (solar, wind, hydro)

IIB has a deep understanding of the Infrastructure industry. We know that the success of your projects depends on the careful planning, design, and execution of complex infrastructure developments. Our expertise in this sector allows us to provide tailored insurance solutions that meet the unique needs of your business. Our team at IIB is committed to providing innovative insurance solutions that meet the unique needs of your infrastructure business.

Insurance Solutions Recommended

Third Party Liability (TPL)

Third Party Liability insurance is typically purchased in conjunction with a CAR insurance policy.

Cargo Insurance (CI)

Covers the risk of loss or damage to goods during transit, storage, or warehousing. It provides financial protection against theft, fire, water damage, and other perils.

Environmental Impairment Liability (EIL)

Environment Impairment Liability (EIL) insurance provides coverage for damages or losses resulting from environmental pollution or contamination

Terrorism & Sabotage insurance (TER)

This Insurance insures property against physical loss or damage & business interruption caused by an Act of Terrorism

Political Risks Insurance

Covers against political risks such as expropriation, confiscation, or nationalization of assets. Coverage extends to compensation for losses resulting from political instability or government actions.

Workers Compensation Insurance (WCI)

This is the most basic layer in the employee benefit tower. It mostly covers for the accidents related to work.

Directors and Officers Liability Insurance (D&O)

Covers individual Director against E&O and wrongful acts claims, either alleged or actual, arising from their civil liability under the duties of a director, manager or supervisor

Delay in Start-up (DSU)

DSU insures project owners for the financial consequences (as described in the policy) of a delay to project completion arising from an insured physical damage event.

Professional Indemnity (PI)

PI policy consists of an insurance against “a breach of professional duty owed to another party”.

Contractors’ Plant & Equipment (CPM)

This is an insurance of contractors’ plant and machinery on an annual basis.

Surety

Provides insurance coverage for bond obligations and guarantees issued by companies. Coverage extends to contract performance bonds, bid bonds, and other related guarantees.

Construction All Risks (CAR)

Provides comprehensive insurance coverage for construction projects, including risks such as damage to work, delay in completion, and loss of or damage to materials. Coverage extends to the contractor’s equipment, temporary works, and site personnel.

Motor Vehicle Liability

Covers against claims for damages or injuries caused to third parties in the event of an automobile accident. Coverage extends to bodily injury, property damage, and consequential losses.

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