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 

We offer coverage limits of:  

Up to US$20 million for any one risk 

US$10 million for critical catastrophe exposed risks 

Policy form 

We can offer bespoke policy forms based upon Lloyd’s and Broker manuscript forms through our market-leading Wordings team.

 

Commercial property worldwide all risks insurance 

Provides comprehensive coverage for the risks to which properties around the world are exposed, whether they arise from perils of nature or human acts. 

Policy form 

  • Lloyd’s and broker manuscript forms by agreement. ISO coverage. 
  • Up to US $20,000,000 for any one risk. 
  • US $10,000,000 for critical catastrophe exposed risks. 

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.  

In Asia-Pacific our service is delivered by specialist underwriters based in Singapore, and we insure large commercial property business throughout the region and Australia, with Indonesia, Japan, South Korea and Taiwan currently being our key territories. 

We are open-minded about the business that we will underwrite, and we have an appetite for ‘distressed’ and hard to place risks such as steel and utilities business. We also provide catastrophe coverage in peak zones around the world.  We also have a dedicated in-house Claims Team with broad experience and expertise across a wide range of industry sectors, who are there to get our clients back to business if the worst should happen. 

 

 

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 
     
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Where Is This Offered?

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

 

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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
Underwriters

Vincent Tee

Underwriter - Open Market Property

Singapore

+65 6576 6273 Email Vincent Tee View profile