Mitigate construction risk

Owners and developers are facing increased competition, a workforce shortage, and heightened uncertainty around the world. Data center stakeholders are looking to risk mitigation solutions not only for bottom-line protection but also for tangible project financing advantages.

Your growth potential is, in part, limited by your existing facilities. If new construction is in your future, you should be aware of the constantly evolving risks impacting the construction industry. Case law and litigation trends are changing how and when insurance policies respond. Data center owners and developers are migrating away from traditional delivery models, shifting the focus to the total cost of ownership throughout a project’s lifecycle.

In a dynamic environment, Aon’s Construction and Infrastructure and Technology and Communications practices deliver market-leading solutions and risk management expertise. Dedicated to helping clients every step of the way, we view risk management not as a product but as a strategic process that includes general and specialty contractors, project owners, and all data center industry stakeholders.

Client impact and value

  • We help contractors discover innovative and efficient ways to manage risks ranging from job site injuries to equipment loss to construction defects so they can keep projects on time and on budget.
  • We help owners and developers mitigate exposures to cost overruns, delays, environmental liabilities, and other hazards that can derail construction projects and operations.
  • Clients can unlock the maximum potential of their businesses through Aon-structured performance security and bonding programs.

Building sound risk solutions

Aon’s global reach, expertise, and resources enable you to protect your project and your people in order to grow your bottom line. Our global team of over one thousand construction industry specialists offers a comprehensive, collaborative, and tailored approach.

Insurance broking

With Aon, you can be confident you are securing insurance with industry-leading terms and conditions, pricing, and claims resolution. Around the globe, our experienced brokerage team leverages strong market relationships and placement volume to deliver institutional knowledge of local legislation and regulations impacting contractors. Your program is customized – and optimized – for your company’s objectives, your particular risks, and the geographies in which you operate.

Brokerage, analytics, and risk strategies

Large construction clients benefit from our suite of tools and services to identify, analyze, quantify, mitigate, and control risks. These unmatched and differentiated solutions include:

  • Our construction risk portal provides quick access to information on state-specific issues and exposures that impact projects.
  • Probable maximum loss (PML) reports, quantifying exposure and facilitating informed decisions on setting adequate catastrophic risk limits.
  • Bespoke analytics, supporting peer benchmarking in areas such as total cost of risk and excess limit, best practices for subcontractor insurance compliance, program structure, and more.
  • Customized innovation for contractors and owners, including our risk transfer solution that provides professional protection against adverse weather conditions that delay project efforts.

Surety and performance security

Aon combines surety solutions with exceptional service that enables contractors to minimize expenses, reduce letters of credit, and capture more business opportunities. Our global surety team provides solutions to the most challenging surety issues facing contractors and large multinationals and provides ease of surety access for mid-size domestic firms.

With our extensive surety knowledge, you can benefit from both strategic guidance and powerful benchmarking that illuminates industry trends and empowers you to use bonds to your competitive advantage.

Project solutions and capital expenditure

Aon is the leader in helping clients achieve new efficiency, control, and savings with contractor-controlled insurance programs (CCIPs), owner-controlled insurance programs (OCIPs), and risk management programs for capital expenditure (Capex) investments. We specialize in insurance placement and administrative services for wrap-up programs and support clients in designing OCIPs and CCIPs that protect project stakeholders and streamline administration with a single, cost-efficient insurance purchase.

Infrastructure solutions

Widely recognized as the premier risk advisor for alternative project delivery (APD), Aon provides expert support and solutions throughout the entire P3 lifecycle, from project announcement through operations and maintenance.

Our all-encompassing approach includes risk education, identification, allocation, and mitigation, and draws expertise from our specialists in risk management, corporate strategy, law, procurement, public policy, finance, and project management. With our P3-Pro tool, you can ensure your project gets off to the right start, with a keen understanding of the political and regulatory risk of pursuing a P3 project in specific US states and Canadian provinces.

Safety, loss control, and claims

Even before a loss occurs, our team is partnering with yours, aligning our efforts to review, measure, and enhance safety and loss controls to better protect your people and your project. We also work with you on injury and illness prevention and field-level safety and loss control techniques. Our dedicated claim consultants specialize in helping you navigate the complexities of construction losses. Our loss control and safety services are also integrated with and integral to the success of our OCIPs and CCIPs.