Global Rail Liability Insurance Facility

Facility profile

The London insurance market has become a centre for rail risks globally, with significant capacity available and considerable underwriting expertise within the insurers. Marsh has developed a Global Rail Liability Insurance Facility placed in London and supported by leading rail insurers, to underwrite Primary and Excess Liability for rail risks.

Key features of facility

• Global territorial appetite (other than USA) across the rail industry, for both primary and excess layer business.
• Tailored broad form coverage via the Marsh Rail Facility Policy wording.
• Competitive pricing from some of the market leading insurers.
• Substantial capacity of over US$500 million.
• Access to strong financial security.
• Pre-agreed claims protocols.
• Rail expertise via the dedicated Marsh Global Rail Practice.
• Flexible long-term policies including low/no claims discounts or risk management bursaries.
• Terrorism — ability to provide silent (no exclusion) or affirmative cover.
• Benchmarking information available showing trends in programme limits/retentions. Analysed by geography and type of rail operation.
• Extension options — Environmental Liability Cover, Enhanced Railway Inquiry Costs Cover, Electromagnetic Field Cover, and Drones Cover.

This facility will be attractive to a wide variety of companies operating in the rail sector.

Download our brochure to learn more.