Insurance firm Aon has launched a new data center-focused insurance product.
The company this week announced the launch of its Data Center Lifecycle Insurance Program (DCLP), a proprietary multi-line insurance facility designed to help clients manage risk across every stage of data center development and operations.
The new offering spans construction, cargo, cyber, and operational exposure under one program.
“Today’s data centers are the backbone of the global economy,” said James MacNeal, global industry specialty leader of construction and infrastructure for Aon. “Our Data Center Lifecycle Insurance Program empowers clients to make better decisions, moving faster and more confidently, with protection that evolves alongside strategic assets, from physical infrastructure to digital operations.”
The offering includes coverage of up to $1.5 billion for construction risks, delays in start-up, and operational property damage or business interruption.
Aon also offers up to $400 million for construction cyber attacks as well as technology errors & omissions. Up to $500m is covered for cargo and transport insurance, and up to $100m for third-party liability (excluding US exposure).
The insurance provider said the product brings together coverage that is traditionally fragmented across multiple lines of business, offering better risk modeling and easier procurement.
“Data centers are no longer just physical assets, they are platforms for innovation, connectivity, and economic growth,” added Brian Hearst, managing director of construction for Aon. “DCLP reflects our commitment to helping clients shape better decisions, protect what matters most, and build enduring infrastructure for a more digital world.”
Aon is the latest mover in the insurance world to turn its attention towards data centers.
Insurance broker and risk advisor Marsh recently launched a new insurance product covering risks related to data center construction. Lockton, another insurance firm, recently launched a data center SLA insurance product.
Comments