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MasterPackage PFI claims examples
PFI claims examples
Chubb Commercial Insurance
The Private Finance Initiative (PFI) is a form of public/private partnership (PPP) where public assets are built and maintained
by private consortiums. The number of parties involved and the contractual relationships make the insurance exposures nuanced
Chubb has responded to this challenge. We have designed a tailored insurance product, for PFI operational phases, that combines
the usual broad warranty free template of our commercial forms with specific clauses. This ensures that the cover is not only
compliant but also provides the peace of mind to the SPV, financier, authority and other relevant parties. We can also provide
comprehensive cover for the construction phase.
As well as exceptional cover, we have teams of specialist underwriters, loss control engineers and claims handlers trained
to understand the needs of a PFI client.
A comment from one of our brokers illustrates our difference:
“Chubb are able to differentiate themselves from the majority of insurers through their bespoke product which addresses the
concerns of all interested parties. Chubb believe in extending the partnering approach of PPP into the insurance and risk
aspects of both single projects and portfolios.”
We offer the following covers to the defence sector, health, education, government offices, emergency services, transport
and infrastructure and utilities.
- Material damage
- Business interruption
- Machinery breakdown
- Public and product liability