Aon Introduces Insurance Program for Gas-Fired Power Projects
Aon launched a Power Lifecycle Program for conventional gas power projects, including those dedicated to data centers. The program offers up to $2.5 billion per project for construction and operational risks, plus up to $100 million in third-party liability coverage excluding U.S. projects. A panel of London-based carriers supports the offering.
Aon's new Power Lifecycle Program targets gas-fired power generation tied either to grids or to data-center demand. It spans the project arc, from building and testing through commissioning and initial operation. During construction, coverage can reach $2.5 billion per project for erection risks and delayed startup. Once operating, property damage and business interruption protection can also reach $2.5 billion per project.
A London-based carrier group serves as the lead panel. Construction and operational third-party liability limits are available up to $100 million, though U.S. projects are excluded from that liability piece. The structure is designed for conventional gas power risks.
This insurance capacity may affect developers, utilities, data-center operators, construction workers, and nearby communities. By potentially reducing financial exposure for gas-fired projects, it could help projects proceed or stabilize timelines, which may support digital infrastructure but also extend reliance on fossil-fuel generation. Communities near such plants might see economic activity and local emissions, while ratepayers and investors could face different risk profiles. The program's U.S. liability exclusion may limit its reach for domestic projects.