Aon risk providing brokerage for freedom tower in NYC.Aon Risk Services Inc. has been made insurance broker for the construction of the Freedom Tower, the 1,176-foot-tall building that will replace the World Trade Center. Aon said it would arrange for construction insurance, as well as builder's risk, general and excess liability, and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , for the project. The insurance and reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. brokerage division of Chicago-based Aon Corp., Aon Risk Services, was appointed broker by World Trade Center Properties LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an affiliate of Silverstein Properties Inc. "We are delighted to be working with the Silverstein team on a project that is so important to the people of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and the Lower Manhattan business community," Patrick G. Ryan, Aon's chairman and chief executive officer, said in a statement. Groundbreaking for the project took place at a ceremony on July 4, 2004. Construction is expected to be completed in 2009, Silverstein Properties said. |
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