Comprehensive insurance solutions for large-scale construction projects

Tailored risk management for the engineering industry

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Ensure successful construction projects with customized risk solutions and insurance.

Owner or contractor-driven construction projects require extensive technical know-how, considerable investment and expertise in all areas. The complexity of multi-stage, construction and infrastructure projects all over the world also creates a greater need for consistent risk assessment and customized insurance solutions.

With Munich Re, you have a reliable, long-term full-service partner dedicated to your success. From planning to operation, we support you in realizing complex large-scale projects. Our team of over 200 specialists brings extensive technical and underwriting expertise, guiding you through every construction phase. We cover a wide range of projects worldwide, including civil infrastructure, commercial and residential developments and industrial facilities.

Our offering

Construction/erection of new projects

Operational damage cover

CAR*: Construction All Risks: for infrastructure projects such as roads, bridges, tunnels, airports, ports, hydropower plants, and more
EAR*: Erection All Risk: industrial plants, refineries, data centre, petrochemical/chemical, steelworks, semiconductor and battery plants, mines, etc.
CPI/CEAR*: Comprehensive Project Insurance: CAR and EAR combined in a single policy

*Builders Risk (US) and Course of Construction (CAN)

MB**: Machinery Breakdown insurance for plant and machinery
CMI**: Comprehensive Machinery Insurance: machinery breakdown, which covers machinery and equipment against internal and external damage, including damage caused by natural disasters
CECR**: Civil Engineering Completed Risks: Cover on an annual basis for completed highways, tunnels, bridges and rail transportation systems, etc.

**Annual policy offering

Time element cover/Business interruption (BI)

Special cover

ALoP/DSU: Advanced loss of profit/delay in start-up
MLoP: Loss of Profit insurance for Machinery

Bespoke/manuscript wording in addition to standard market wording
Latent/Inherent Defect Insurance (IDI/Decennial) (in selected markets)
Coverage for offshore wind and interconnectors

Why choose Munich Re?

Trusted expertise

Reliable long-term partnership

Seamless claims handling

Financial strength

With over 200 specialists, including many engineers, we offer in-depth expertise in risk assessment, risk control and claims management. Our team, which has experience with similar projects worldwide, integrates technical, legal and economic perspectives and works closely with you – before, during and after construction. This provides you with valuable insights that help you to keep your project on track and to identify and minimize risks.

With long-standing industry experience and significant financial capacity, we provide stability and expertise you can depend on.

Our complex claim experts bring technical knowledge and case insights to ensure your claims are resolved efficiently.

Our financial strength is highly rated by the industry’s leading rating agencies: A.M Best A+ (superior), Fitch AA (very strong) and S&P Global Ratings AA (very strong). We have a total net capacity up to 250 Mio. USD/EUR – offering comprehensive protection.

Our specialists work with you to find the optimal solution for your project's investments. Based on their practical experience and insurance knowledge, they understand the language of your technical experts, project participants and construction managers on site.

Clemens Zipper

Chief Underwriting Officer Energy & Construction

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