Private Finance Initiatives

Overview: 

Contractors, property developers and principals taking advantage of private finance initiative (PFI) projects need protection through a comprehensive insurance solution.  ACE’s expertise and the experience of its underwriters, risk engineers and claims team in this area ensures companies' protection needs are met.

Product Highlights:

• The comprehensive nature of our PFI insurance means that clients avoid gaps in cover
• Our bespoke lenders clause gives maximum protection to financiers and lenders whilst complying fully with government PFI directives
• ACE provides a range of covers which may be difficult for competitors to offer, such as environmental impairment/pollution covers for both the construction and operational phases

Cover:

ACE provides risk management advice and insurance cover for the whole construction phase of the PFI process, from construction through commissioning and hand-over and on to the resultant operational risks.

The standard cover includes the following:

• Contract works
• Delay in start up
• Environmental liability
• Marine
• Public liability