Zurich launches builders risk data center solution

Zurich North America announced the launch of Data Center Project Guard, “a first-of-its-kind offering” that both broadens and customizes Zurich’s builders risk coverage to address coverage gaps and unique loss drivers for data centers.

Among other features, Data Center Project Guard adds up to 12 months of operational property coverage to bridge coverage gaps that can result from phased handovers. Parametric coverages, triggered by weather-related delays, are automatically included for the first year of construction. Data Center Project Guard also addresses failure of climate control systems, a key risk because of servers and other humidity-sensitive equipment.

Zurich has insured more than 250 data center projects across 20+ states.

“Zurich has insured over $350 billion in data center projects, and our early, extensive leadership in this space positions us to set a new standard for insuring next-gen digital infrastructure. Data Center Project Guard is experience-based and purpose-built to support the unprecedented pace and scale of infrastructure development to power the digital economy.” – Kelly Kinzer, President of U.S. Specialties.

“We’re not only offering considerable lead capacity for data centers, we’re also drawing from our underwriting, risk engineering and claims expertise to help our customers address loss drivers we’ve seen, like wind, hail and hot-works-driven fires. We’re coming forward with a solution that simplifies complex coverage needs and helps protect these massive capital investments, with features designed to help avoid delays and defuse potential disputes between owners and general contractors.” – U.S. Head of Construction Tobias Cushing.