As global needs for energy, transport and industrial infrastructure continue to rise, so do opportunities for interested parties to exploit natural resources. If you’re in the business of supplying or transporting heavy-lift machinery to meet those needs, or investing in clean power in developed countries, this policy will protect against loss, damage and delays.
Our insurance policy covers projects that include:
Today’s supply chain for a modern infrastructure project can involve numerous manufacturers from several countries, differing contractors and a complicated array of supply routes involving any combination of land transport, sea, river, rail, road or air.
Our Project* Cargo Insurance provides clients with the protection to meet the needs of all parties concerned, including:
* Project cargo is defined as a set of shipments of an agreed value over a set period of time for a construction project.
Chubb’s commitment to do its part as a steward of the Earth is reflected in the company’s policy concerning coal-related underwriting and investment, which was adopted on July 1, 2019. With the new policy, the company will no longer underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal. Insurance coverage for existing coal-plant risks that exceed this threshold will be phased out by 2022, and for utilities beginning in 2022.