Aon has expanded the capacity of its Data Center Lifecycle Insurance Program to $5 billion, as growing investments in AI and cloud computing increase the scale and complexity of digital infrastructure.
The expanded program combines insurance coverage, risk consulting, engineering support and resilience planning across the full lifecycle of a data center.
It is intended to help developers and operators manage risks beginning with construction and continuing through long-term operations.
Aon describes the approach as “Reliable by Design,” reflecting its effort to bring insurance and risk expertise into projects earlier in the development process.
Earlier involvement can help developers identify design, construction and operational risks before they become expensive to correct.
The program provides up to $5 billion in Construction All Risks, Delay in Start-Up, Property Damage and Business Interruption coverage.
The capacity is supported by a panel of A-rated insurers from Lloyd’s and company insurance markets, along with additional facilities and products.
Construction All Risks coverage can protect against physical losses during development, while Delay in Start-Up insurance can address financial losses when covered damage prevents a facility from beginning operations on schedule.
Aon has also expanded liability, cybersecurity and project cargo coverage.
The program offers up to $200 million in third-party liability outside the United States and $100 million within the country.
It includes up to $400 million in cyber and technology errors and omissions coverage, $500 million for project cargo and $1 billion in terrorism capacity.
Project cargo insurance can protect expensive equipment during transport to a development site. This can be particularly important for data centers using specialized generators, cooling systems, electrical infrastructure and computing equipment.
The program also provides access to climate, environmental, security, engineering and operational resilience services through Aon Global Risk Consulting.
Aon previously increased the program’s capacity to $3.5 billion. The latest expansion reflects the growth of hyperscale and AI infrastructure projects that require more capital, electricity, and specialized equipment.
KEY QUOTE:
“Digital infrastructure has become one of the most important and capital-intensive asset classes in the global economy.”
“Expanding DCLP to $5 billion demonstrates our ability to help clients access capital, manage risk and scale with confidence.”
Joe Peiser, Chief Executive Officer of Risk Capital at Aon
