Open Market Property

All risks and single peril insurance for a broad range of property risks.

What we offer

From natural catastrophes and supply chain disruption, to rising inflation, the property risks our insureds face continue to evolve. Our expertly crafted policy provides comprehensive coverage for the physical risks that large commercial properties are exposed to, from natural perils to human acts.

Coverage highlights:

Property damage, including flood, wind, and earthquake coverage
Business interruption
Cat coverage in peak zones

How can we help

We are a lasting presence in the market with a consistent risk appetite defined by disciplined underwriting.
We offer bespoke policy forms with competitive pricing structures.
Our underwriters are supported by state-of-the-art technology that empowers them to make quick decisions and offer a responsive service.
We are flexible in our approach and willing to adapt to changing program structures and market conditions.
We have a dedicated, award winning in-house claims team with experience across a wide range of industry sectors.
Worldwide coverage, delivered through specialist underwriters in three regional hubs in London, North America and Singapore.

Who we can help

Example industries we underwrite include:

Commercial real estate
Healthcare
Railways
Grain storage facilities
Onshore oil and gas
Steel manufacturers
Roads, bridges and tunnels
Power & Utilities
Municipalities
Mining
Manufacturing plants
Hospitality
Retail outlets

WHERE IS THIS OFFERED?

Worldwide (exc sanctioned countries)

The Beazley Difference

Integrated risk protection package that combines several coverages in just one policy
Affirmative coverage for claims made against an insured which results in bodily injury
Deep product knowledge since we pioneered Virtual Care in 2009
Knowledgeable Underwriters, Wordings Lawyers, and Claims Managers with expertise in all key areas of coverage
Dedicated Beazley Breach Response Services, including breach response management, information security insurance solutions, and risk management services

Examples or Scenarios

An insured suffered a major fire loss at their distillery products facility, which due to complexities with the age and build type of the property, meant that there was significant potential for a long-term business interruption loss.

Our claims team worked closely with the adjustment team and supported our insured’s use of its own machinery experts to assist in quantum evaluation. Within a few weeks we had made significant interim payments to bolster the insured’s cash flow and enable them to make a series of both permanent and temporary repairs to keep their operations running.

Through working closely with our insured and their broker, we were able to help give them certainty over their future operational capabilities. As a result, they proceeded to construct a new plant with an increased output capacity on the exterior of the existing premises.