Aon Expands Data Center Insurance Program to $3.5 Billion, Covering Operational Assets
April 21, 2026
Global professional services firm Aon has significantly expanded its specialized insurance capacity for the data center industry, raising the total coverage limit of its flagship program to $3.5 billion and extending its scope to include operational facilities. This move underscores the critical role of risk management as digital infrastructure becomes increasingly central to the global economy, with data centers growing larger, more complex, and more capital-intensive.
The expansion applies to Aon's Data Center Lifecycle Insurance Program (DCLP), a multi-line facility launched last year that bundles coverage for construction, cargo, cyber, and operational risks into a single product. Initially, the DCLP offered up to $1.5 billion in coverage primarily for construction-phase risks, including delays in start-up and operational property damage. The enhanced program now provides up to $3.5 billion in total capacity and, crucially, will cover existing data centers that have completed their first year of operations, addressing a key gap in the market for mature assets.
Joe Peiser, CEO of Risk Capital at Aon, emphasized the strategic importance of this development. "Data centers have become foundational to innovation, connectivity, and economic growth," Peiser stated. "As these assets grow in size, complexity, and importance, resilience must be built from the start. By expanding our Data Center Lifecycle Insurance Program and extending coverage to operating data centers, Aon is helping clients anticipate risk, protect critical assets, and invest in digital infrastructure with greater confidence." The program's specific allocations include up to $400 million for construction cyber attacks and technology errors, up to $500 million for cargo and transport insurance, and up to $200 million for third-party liability outside the US.
The expansion reflects accelerating investment in the sector and a burgeoning market for tailored insurance solutions. Aon is among several major brokers, including Marsh and Lockton, that have launched data center-specific products recently. According to an S&P Global analysis, while capacity constraints may limit the full insurance of hyperscale projects with total insurable values reaching $20-$30 billion per site, the nascent data center insurance market represents a significant growth frontier. It is projected to generate as much as $10 billion in new premiums in 2026 alone, highlighting the substantial financial stakes and the industry's urgent need for comprehensive risk transfer mechanisms as digital infrastructure continues its rapid global expansion.
Source: datacenterdynamics
