The risk in focus
Rail contractors can combine civil, electrical, signalling, maintenance and plant exposures with work beside operating rail infrastructure and demanding principal insurance requirements.
We consider the actual rail activities, network environment, contracts and project values before approaching available markets.
What changes the insurance assessment
Track and civil works; signalling and communications; overhead or traction power; station work; maintenance; possession work; work near live lines; plant and rail-mounted equipment; subcontractors; project values and principal requirements.
Covers to discuss
Public and products liability, contract works, plant and equipment and professional indemnity for design, engineering or consulting exposures may be relevant. Project requirements can also affect limits and policy structure.
Rail-specific exposures
Underwriters may focus on work around operational railways, property being worked on, underground services, vibration, weakening of support, plant movement and interruption exposures. Clearly separating work undertaken during possessions from work near live operations can improve the submission.
Information to prepare
Provide activity and turnover splits, rail networks and principals, typical and maximum contract values, work near live rail operations, plant used, subcontractor arrangements, required liability limits, current policy and claims history. Include relevant contractual insurance clauses.
Discuss your insurance requirements
Call 1300 310 467 or send an enquiry. Cover and availability depend on insurer terms and the full risk details.