Which insurers cover AI infrastructure?
A market map by line of cover: who writes it, what the public record says they offer, and where a lender fits.
The market, by line
Updated October 17, 2026. Public sources only; capacity as announced.
| Line | Market participants | Where a lender fits |
|---|---|---|
| Property, EDP and inland marinePhysical loss or damage to the servers at the insured location: fire, water or coolant leaks, power surges, theft. |
| Ask to be named loss payee with a lender’s loss payable endorsement, on a schedule that lists serial numbers, at replacement cost. The colocation provider’s policy covers its building, not the tenant’s servers. |
| Equipment breakdownMechanical and electrical breakdown, which all-risk property policies exclude, often with the income lost during the repair. |
| Check that it is on the program: a power or cooling event that burns out boards is a breakdown claim, not a property claim. A GPU that fails in normal use goes back under the OEM warranty instead. |
| Transit and cargoDamage to the servers while they ship, before property cover starts at the site. |
| The shipping terms decide when risk passes to the borrower. Funding before delivery needs transit cover naming the lender. |
| Construction and delay in start-upDamage during construction and commissioning, and the income or debt service lost when insured damage delays the start date. |
| For lenders to the building or campus. Delay in start-up pays only when insured damage causes the delay: a late transformer or a slow utility does not count. |
| Cyber, tech E&O and outageThe operator’s liability and losses from cyber events and service failures, and, in parametric form, a fixed payment per hour of a cloud outage. |
| Rarely assigned to the lender, but it protects the borrower’s cash flow. Read the offtake SLA: credits owed to the customer are not insured by property cover. |
| Contingent and lost revenueRevenue lost when the cluster stops earning. Property business interruption pays only after insured physical damage; an offtaker that stops paying needs a different instrument. |
| Ask what triggers it. Standard business interruption does not respond to a customer’s non-payment or a contract termination; lost revenue cover and credit insurance are written for that. |
| Residual valueThe shortfall when the equipment sells for less than an insured or warranted value at a named date or after a default. |
| Supports a balloon payment, a junior tranche, an equity exit or an FMV lease return. Read the trigger dates, the disposal process the sale must follow, and the maintenance exclusions. |
| Credit and suretyNon-payment by a named customer or lessee (credit insurance), or a third party’s guarantee that an obligation will be met (surety). |
| The closest fit to offtaker risk. Credit insurance follows the customer’s receivables; a surety bond can be written for the lender’s benefit. Correlated losses are the history to remember: Lloyd’s lost about $400 million on computer lease-cancellation cover after 1979. |
Participants named as the source describes them; a listing is not an endorsement, and most write only some risks, sizes or regions.
The short answer
Physical risk is well covered and getting bigger: property, construction and delay-in-start-up capacity for data centers grew from late 2025 into 2026 through carriers, Lloyd’s consortia and broker programs. Breakdown, transit and cyber are written alongside it.
Credit risk is thinner. An offtaker that stops paying is not a property or business interruption claim, and resale value is written by only a few markets. Those are the lines a GPU lender has to ask for by name.
This page names 12 public market participants across 8 lines, each with the release or carrier page behind it.
If the offtaker stops paying
This is the question most lenders ask first, and the answer is not in the property program. Business interruption pays only after insured physical damage, so a customer that runs out of cash, rejects the contract in bankruptcy or walks at renewal leaves the borrower with servers and no revenue.
Three instruments answer it: credit insurance on the customer’s receivables; a letter of credit or a parent or hyperscaler guarantee; and lost revenue cover, a surety bond for the lender’s benefit that pays part of the missed revenue for 30 days in a qualifying offtake interruption, breathing room to find a new offtaker. The public cases of offtakers that stopped paying are on GPU and neocloud defaults.
If the GPUs resell for less than the loan
Residual value insurance puts an insured floor under what eligible equipment will be worth at the trigger dates in the policy; if it sells below the floor, the insurer pays the shortfall, subject to the policy terms. It is an established product for aircraft, rail and heavy equipment, and new for GPUs. The history is a warning on correlation: in 1979 one IBM product launch triggered lease-cancellation claims across a whole book at Lloyd’s.
How the floor works, with a worked example, is in the residual value insurance primer; our product is Recovery floor (20%+), RVI.
Methodology and sources
Show the method and sources
Participants are listed only where a press release, trade publication or the carrier’s own page names them and the line, as checked in October 2026; each row links its source. Capacity figures are as announced and are not all comparable: some are per project, some program-wide. We do not list the markets we work with on our own programs, quote prices, or rank carriers. Corrections and additions are welcome at hello@amcompute.com.
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AI infrastructure insurance questions
- Which insurers cover AI infrastructure risk?
- By line: property and construction from carriers such as FM and from facilities and broker programs (ATA, Aon, Marsh Nimbus, a Fidelis Partnership consortium at Lloyd’s, Corgi); breakdown from specialists such as HSB; outage cover from AIG with Parametrix. Residual value and credit are thinner markets.
- Do insurers cover GPU data center equipment?
- Yes, under all-risk property, EDP or inland marine policies at replacement cost, with breakdown and transit as separate lines. The colocation provider’s policy covers its building, not the tenant’s servers.
- Is there insurance if a GPU offtaker stops paying?
- Not from property or business interruption cover, which pays only after insured physical damage. Credit insurance, a letter of credit or parent guarantee, and lost revenue cover are written for non-payment.
- What is lost revenue cover for compute contracts?
- A surety bond, issued by an insurer for the lender’s benefit, that pays part of the missed revenue for 30 days in a qualifying offtake interruption. Terms follow the offtake agreement; not every departure qualifies.
- Can you insure the residual value of GPUs?
- Yes, subject to the policy terms: residual value insurance pays the shortfall if eligible equipment sells below an insured floor at named dates. Few markets write it for GPUs, and a value warranty, such as Barker’s, is a warranty from the provider rather than a policy the lender holds.