Why do you need specific rail insurance cover?

We know that rail companies face a number of risks in their day to day operations. We provide insurance solutions for all types of rail organisations, including passenger service and freight operators, rolling stock leasing companies, locomotive owners, heritage railways, storage facilities, maintenance and engineering companies, rolling stock and product manufacturers, and professional service companies.

  • Bespoke solutions
    We create rail specific solutions built to your exact needs which can protect your rail assets, revenue, legal liabilities and reputation. We help to identify potential exposures that could leave your business vulnerable or failing to meet contractual or regulatory requirements.
  • Highly specialised insurance
    Our rail specialists have market-leading knowledge meaning you can rely upon our insight, advice and support. Our rail partner insurers are involved in 5 of the top 10 railway companies in the world and rolling stock insured by them carries more than 2 billion passengers per year.
  • Rail claims support
    We have first-hand experience of resolving complex rail claims arising from incidents such as: fires, collisions, breakdowns, derailments, lost revenue, cancellation, and passenger, employee and volunteer injury.

How we can help

We are a multi-award winning client advisory business serving 250,000 clients across 80 offices. We are part of Marsh & McLennan Companies (MMC), a global leader in risk, strategy and people in more than 130 countries. The backing of MCC means that all rail insurance clients benefit from added insight, services and capability that a global business offers, meaning we can help you wherever you do business.

Key Features

  • Protecting rail vehicles - All Risks for owned and hired-in rail vehicles anywhere in the UK extending to breakdown, re-railing and recovery, and explosion and collapse
  • Protecting assets and infrastructure – machinery, tools, stock and buildings
  • Protecting revenue - loss of revenue following an insured event, such as a fire, theft or breakdown
  • Protecting liabilities - Employers’ Liability, Third Party Liability to £155m, Professional Indemnity, Management Liability, Cyber Liability

What we do

We arrange insurance cover for the entire sphere of rail organisations including:

  • Innovative ORR compliant Third Party Liability insurance for the UK’s best known mainline train and freight operating companies
  • Damage and Breakdown insurance for the majority of mainline steam locomotives
  • Property and Liability insurance for fleet maintenance, engineering and storage companies
  • Professional Indemnity insurance for rail technology companies
  • Insurance for rolling stock product design and manufacture companies
  • Public Liability insurance for Rail Industry events
  • Tour Operators Liability for rail tour organisers

Train and freight operating companies

We are proud to insure a number of the UK’s best known train operators including the operation of excursion passenger trains, commuter services and freight. Our products are compliant with Office of Rail and Road (ORR) Third Party Liability general approval requirements for license holders.

Rolling Stock Insurance

If you provide safe and reliable rolling stock for short-term operations or long term hire we have wide expertise providing rolling stock insurance for companies that own, maintain and overhaul all types of rolling stock and associated equipment which are leased to rail operators for use on the network.

Mainline and heritage locomotives

If you are dedicated to preserving and operating historic steam and diesel locomotives on the mainline and heritage railways of Great Britain, we can help you arrange appropriate damage, breakdown, revenue protection and liability insurance. In fact, we insure the majority of mainline registered locomotives including the world famous, Flying Scotsman.

Maintenance Facilities

We insure modern and heritage rolling stock engineering and restoration companies such as boiler and mechanical specialists. We can help you if you carry out train servicing and routine fleet maintenance, or the heaviest of vehicle component and re-engineering projects for passenger, freight and infrastructure fleet owners.

Storage facilities

Whether you have kilometers of sidings, warehousing with large capacity for storage of third party rolling stock, wheel-sets, bogies, furnishings, body shells or general components, we have experience placing insurance for some of the UK’s largest and most extensive storage facilities.

Rail product design and manufacture

We can arrange insurance for companies that go from design and development, through to manufacture, service and in-field product support building on established product lines and providing innovation and evolution to today’s marketplace. 

Heritage Railways

Dedicated to preserving Britain’s heritage and recreating the golden age of steam for thousands of passengers every year, we protect heritage traction and rolling stock, infrastructure, revenue, volunteers and passengers.

Frequently asked questions

What cover will my rail organisation require?
There is no one size fits all approach. In most cases we will meet with you and seek to fully understand your rail organisation and the risks you face both now and in the future. We will then create a thorough risk presentation for our partner rail insurers and build a comprehensively layered cost-effective insurance solution, tailored to your exact needs.
Why do I need a rail specialist insurance programme?
‘Off the shelf’ insurance policies are not designed for rail exposures and we find they contain gaps in cover that may leave rail organisations exposed to risk. In serious cases this may mean failing to meet contractual or regulatory requirements. We have created bespoke, rail-specific policies that eliminate these gaps and widen policy coverage. This ensures that your business and people remain protected.
Can you arrange cover for mainline activities?
We have vast knowledge of mainline operations built over 25 years. We insure Passenger Train and Freight Operating Companies that operate rail vehicles on the mainline. We insure Entities in Charge of Maintenance (ECM) that maintain mainline rail vehicles. We also insure the majority of mainline registered steam locomotives. Our rail policies are fully compliant with the Office of Road and Rail’s requirements for operators and, where appropriate, we can arrange Third Party Liability to £155 million.
What other services do you offer?

Our proposition is wider than insurance protection. We can provide:

  • Contract review service - we analyse your hire/operating agreements to ensure you meet contractual requirements.
  • Risk Management specific to rail.
  • Claims support with a dedicated rail claims manager.
  • Other insurances and services – Engineering Inspection, Professional Indemnity, Management Liability, Cyber Liability, Fleet, Environmental Liability and more.
  • Wider proposition – includes Group Life, Healthcare, Employee Benefits, Pensions and Financial Planning.