Construction Overview

Starr Underwriting Agents Limited offers specialist construction coverages including defects liability with a max period of 108 months work plus 48 months maintenance. Our team specialises in underwriting a wide spectrum of construction business from housing to nuclear power projects and has a proven track record in underwriting, claims handling and risk management services.

As a global provider of construction insurance, Starr understands the ever-changing risk environment. We ensure that our clients benefit from the most up to date solutions within our industry, for the management of their specific risks. Starr prides itself on working closely with our brokers and clients to tailor coverage around the specific needs of each individual risk.

Target Risks

  • Buildings – Airports, Hospitals and Multistory
  • Highways and Railways
  • Bridges
  • Tunnels
  • Oil, Petro and Gas – compressor stations, oil and gas fields, refineries and chemical processing
  • Dams and Jetties
  • Ports and Harbours
  • Power Plants
  • Mining and Processing

Coverages Available

  • Contractors All Risks
  • Erection All Risks
  • Delay in Start-up
  • Third-Party Liability
  • Contractors Annual Policies
  • Construction Plant and Equipment

Specialist Coverages Available

  • Removal of Debris
  • Professional Fees
  • Expediting Expenses
  • Loss Minimisation
  • Automatic Reinstatement
  • Escalation Clause
  • Additional Cost of Construction
  • Inland Transit
  • Offsite Storage
  • Strike Riot and Civil Commotion
  • Cross Liability
  • Denial of Access
  • Loss of Utilities
  • Suppliers
  • Manufacturer’s Extensions

Highlights

  • First class service
  • High responsiveness and flexibility
  • Experienced construction underwriters
  • Territories: Worldwide

Limits

  • Lead Capacity

Claims Services

  • Starr’s claims team is client focused and committed to handling claims promptly and fairly. Our team has a wealth of experience handling some of the largest and most complex claims in the market, often in a lead capacity. We are accessible and always look to engage proactively and transparently with clients throughout the claims process.

Risk Management Services

  • Starr offers project risk management services from ground-breaking to start-up. With specialist experience in oil, gas & petrochemicals, mining and power. Assessment visits can be made to construction sites at appropriate milestones measuring activities against international best practice. Risk management advice helps facilitate the insurance placement.

Snapshot of Portfolio Risks

  • Crossrail USD 5bn – UK
  • Mississippi Cable Stayed Bridge USD 229m – USA
  • I595 Road USD 1.2bn
  • Downtown Rail Line USD 5bn – Singapore
  • Pinnacle Office Building USD 750m – UK
  • Suez Combined Cycle Power Plant USD 850m – Saudi Arabia
  • Reficar Oil Refinery USD 1.5bn – Columbia
  • Citic Pacific Mine USD 4.2bn – Australia
  • Forth Road Crossing USD 2bn – UK
  • Elizabeth River Immersed Tube Crossing USD 1.5bn – USA
  • Hickley Point B Nuclear Power Station USD 17.3bn – UK