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Construction Property


Small, medium to large size projects and businesses
    Available coverages include:
•    Natural Catastrophes
•    Delays in completion
•    Expediting and extra expenses
•    Inland transit and offsite temporary storage
•    Arson, theft, or vandalism and
malicious mischief

•    Debris removal
•    Hot and cold testing
•    Upgrade to Green®
•    Fungus, mold, or spore coverage
•    Terrorism coverage for both certified and non-certified acts
•    Operations following the construction period

Available Limits 

$2 billion or more in total limits capacity Critical Catastrophe up to $50 million 


Up to $350 million probably maximum loss (PML) capacity for Construction Property 

Minimum Premium 

Varies by geographic region 

Minimum Retention 

Varies by risk– flexible options available 

Minimum Deductible 


Targeted Classes/Industries 

•    General Contractors and Subcontractors
•    Owners (Public or Private)

•    Design Build Firms
•    Construction Managers

Targeted Geographies 


Excluded Classes/Industries 

Limited wood frame construction capacity for AIG only clients 

As the North American construction industry faces extraordinary growth over the next several years, contractors and owners will need a property insurer that can keep pace. With AIG, clients benefit from expert underwriting, claims and risk engineering services provided by dedicated construction risk specialists. AIG offers more than just property insurance. Clients can receive robust solutions that include carefully constructed risk management programs, multinational coordination and comprehensive loss prevention services.

AIG’s Energy and Engineered Risk is a leading provider of first party insurance solutions for onshore Contractors All Risk (CAR) and Erection All Risk (EAR) exposures, insuring some of the world’s most complex industrial, commercial, civil and infrastructure projects. Our property insurance can be customized to combine property damage coverage (including catastrophe coverages) with other specialty coverages to help address the wide-ranging exposures of construction projects.

Construction Property is an integral part of AIG’s Construction Industry Practice Group (IPG), which offers an unmatched portfolio of specialized insurance products and services that address a variety of construction risks of all sizes. Construction Property clients can seamlessly secure their casualty, surety, and inland marine coverage, as well as multiple specialty lines of coverage.

The AIG Property Claims Promise affirms that our dedicated team of claims experts will mobilize in rapid response to a covered event and will advance our policyholders up to 50% of an agreed loss estimate within 7 days, giving them the immediate working funds they need for property damage and repairs, clean-up costs and extra expenses.

AIG Property market leading capacity allows clients to secure coverage with some of the highest available limits in the industry – up to $350 million in probable maximum loss (PML) capacity, with potential gross limits of $1.75 billion and greater.

With specialized expertise in the construction industry, our dedicated Construction Risk Specialists will work with you to create coverage solutions that meet your client’s unique needs and help ensure your client’s project is delivered on time and on budget.

Through Client Risk Solutions (CRS) services, clients have access to AIG’s industry experts, risk engineers and consultants, data scientists, modelers and analysts, fraud investigators, and crisis response teams. It connects you to all the advantages of our partnerships with leading academic institutions and technology providers. AIG partnered with Clemson University to cultivate research and unlock data-driven insights at our new Risk Engineering and System Analytics (RESA) Center.

Clients can receive technical expertise and loss prevention services throughout the lifecycle of a project. Our experienced and knowledgeable risk engineers collaborate with clients to implement measurable risk improvements that can help prevent losses and reduce costs.

AIG has experience handling large and complex construction claims, with a proven record of helping Construction Property clients mitigate damages and recover expeditiously from losses. Specialized property and construction claims team are authorized to make rapid coverage determinations and advanced payments to help clients minimize project delays and resume construction as quickly as possible.