Skip to main content

Large Commercial Property

All risks insurance for large commercial property.

What we offer

Comprehensive coverage for the physical risks that large commercial properties are exposed to from natural perils to human acts.

Our coverage provides against financial loss as a result of physical damage to: 

  • Buildings 
  • Contents 
  • Machinery 
  • Equipment 
  • Stock 
  • Time element and loss of earnings

How can we help

As a strong lead market offering worldwide capacity, we provide a disciplined underwriting approach whether on a primary or excess basis; bespoke wordings and stable partnerships with many of our relationships going back well over two decades.  Our underwriting team is empowered to make quick decisions, and we have a strong emphasis on service.

Who we can help

A range of businesses benefit from our large commercial insurance including:

  • Commercial real estate
  • Retail outlets
  • Hotels
  • Manufacturing plants
  • Mines
  • Power generation firms
  • Roads, bridges and tunnels
  • Railways and other transportation related property
  • Municipalities
  • Steel manufacturers
  • Onshore oil and gas
  • Grain storage facilities

WHERE IS THIS OFFERED?

  • South East Asia
  • Australasia
  • South Africa
  • Latin America
  • The Caribbean
  • Europe

The Beazley Difference

BEING BOLD

Freedom lies in being bold. We dare to be different and seek bold possibilities to create more innovative, fair and satisfying outcomes for our clients, brokers and employees. From insuring the highest building in the world, to the first commercial lunar vehicle to operate on the moon - we boldly go where others won’t.

STRIVING FOR BETTER

Good is a start, but we go all-out for better.  A driven community of individuals relentlessly push the needle and creating value. From launching the market’s first dedicated ESG syndicate to the establishment of our business unit focusing on designing digital insurance solutions, we pride ourselves on always going above and beyond.  Simply put, at  Beazley we go to 11.

DOING THE RIGHT THING

Acting with integrity in a straightforward, decent way is instinctive. Open and honest with others, we show respect and empathy however challenging the situation – demonstrated by our multi-award winning claims team.  Doing the right thing makes for a fair-minded, rewarding environment and makes work and life better for all.

Examples or Scenarios

One of our clients 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.

We 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 our insured’s cash flow to enable them to make a series of both permanent and temporary repairs in order to keep their operations running.

Through working closely with our insured and their broker, we were able to help them to gain 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. 

Your Beazley Team

Vincent Tee

Vincent Tee

Underwriter - Open Market Property

Singapore

6576 6273

Email Vincent