Aon plc, a global professional services firm providing risk, health and wealth solutions, has expanded its proprietary Data Center Lifecycle Insurance Program (DCLP).
The latest development increases the program’s insurance capacity to $5 billion, while expanding the range of risk and advisory services available to support digital infrastructure projects from construction to long-term operations, the company said.
“Digital infrastructure has become one of the most important, capital-intensive asset classes in the global economy,” commented Joe Peiser, CEO of Aon Venture Capital.
“As clients build larger and more complex data center portfolios, they require access to greater insurance capabilities and solutions that enhance resiliency throughout the asset lifecycle. Expanding DCLP to $5 billion demonstrates our ability to help clients access capital, manage risk and scale with confidence.”
Aon said the expanded program is based on its robust design approach to digital infrastructure and aims to integrate insurance, engineering expertise and risk intelligence from the early stages of project development.
The company said this approach can help clients manage transition risks, improve resilience and develop digital infrastructure to attract investment, obtain insurance at scale and operate more efficiently over the long term.
Under the enhanced program, customers can receive up to $5 billion in Construction All Risks (CAR), Delay in Startup (DSU), Property Damage and Business Interruption coverage. The insurance is supported by a panel of A-rated insurers from the Lloyd’s and Companies markets, as well as other insurance facilities and products.
The company added that it has expanded the program’s responsibilities, network and project freight services. This includes up to $200 million in third-party liability coverage outside the United States, up to $100 million in coverage within the United States, up to $400 million in cyber and technical errors and omissions coverage, and up to $500 million in project cargo coverage. The program also continues to provide up to $1 billion in terrorism insurance capabilities through its existing insurance facilities.
Aon said it has also strengthened the program’s advisory and resilience capabilities through Aon Global Risk Advisory. These services include climate risk advice, environmental risk solutions, owner protective professional indemnity, security risk consultancy, risk engineering and operational resilience support, designed to assist clients throughout the lifecycle of digital infrastructure assets.
The latest expansion reflects increasing investment in artificial intelligence, cloud computing and hyperscale data centers, which is driving demand for insurance solutions that can support increasingly large, complex and capital-intensive developments, the company said. The updated plan builds on earlier enhancements, increasing DCLP capacity to $3.5 billion and expanding support for operational data centers.
