Why choose Zurich Municipal for Public Finance Initiatives (PFI) insurance?
We’ve been an insurer for the Public Finance Initiatives (PFI) market since 2001 so we have a good understanding of the complex insurance and risk requirements for public finance initiatives.
PFI and equivalent infrastructure projects often present a complex mix of construction and operational risks, for example you might have adopted assets and/or assets scheduled for refurbishment or a new-build housing development could have phased completion dates across multiple locations. Cover interface problems can be eliminated by the use of our multi-year, multi-line insurance programme whether wholly underwritten by Zurich or led by Zurich and subscribed to by a panel of co-insurers. We underwrite operational risks in isolation or combined with construction cover if required.
We can provide tailored insurance to initiatives that incorporate a public service that is funded and operated through a partnership of government and private sector organisations. Our specialist policy wording incorporates financiers clauses and we have a preferred format that is widely accepted in the market.