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Horiens

Concessions and Public-Private Partnerships (PPPs or P3s)

Management of public concessions and participation in public-private partnerships (PPPs) require complex and comprehensive risk and insurance programs. In recent years, we have helped companies operating in this market, proposing customized solutions based on an in-depth analysis of the specific characteristics of each project.

The work begins in the stage of project study and bidding and relies on the technical analysis of risks and potential losses. Horiens experts support clients in negotiating premises and clauses of Notices and Concession Agreements, seeking a sustainable risk allocation among stakeholders. In addition to meeting all the requirements of the Granting Power, Horiens works to design customized coverage, with the objective of effectively transferring the risks to the insurance market.

In cases where the Concession or PPP is conceived in a Project Finance framework, we support the negotiation and contracting of the Insurance and Guarantees package with Insurance Advisors from funders and investors.

Our expertise includes large projects and operations in Brazil and abroad for the highways, metropolitan trains, subways, airports, ports and sanitation sectors.

Engineering Risks (All Risks and ALOP)

Coverage for damages caused by insurable events (external causes and/or implementation and design error) while carrying out engineering, installation and assembly works and services, extending to financial losses resulting from delays in the commercial startup due to material damage (ALOP).

Construction General Liability

Coverage for material, bodily, moral and aesthetic damages caused to third parties and employees in insurable events arising from the work.

Operating Risks (Material Damages and Loss of Profits)

Coverage for material damages caused to property by insurable events, with extension of coverage for loss of revenue due to material damages covered by the policy.

Civil Liability

Coverage for damages (material, physical, moral and aesthetic) caused to third parties and employees due to insurable events resulting from the operation.

Port Operator

Coverage of port duties, involving material and third-party damages arising from insurable accidents in the operation.

Bid Bond Insurance

Guarantee to submit the proposal/bid.

Performance Bond

Guarantee of compliance with the concession agreement.

Other coverages and applicable products:

  • Civil Liability (Cyber Risks, Environmental, E&O, D&O, P&I, Carrier, Events)
  • Mergers & Acquisitions (M&A)
  • Guarantee (Contract performance, Advance Payment, Judicial, Payment, Completion)
  • Domestic & International Transportation
  • Delay in Start-up Coverage (DSU)
  • Parametric
  • Terrorism
  • Archaeological findings
  • Aviation
  • Equipment
  • Vehicle Fleet
  • People (Health, Life, Travel, Worker’s Compensation and others);

Learn about our expertise in diverse industrial segments.

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