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Data Center Tenants Demand $5M+ Daily Late-Delivery Fees, Up from $1M; Marsh Offers New Coverage

#data-center#insurance#fees#marsh

According to The Information, data center tenants are now demanding late-delivery fees of $5 million or more per day, up from $1 million per day this spring. This shift has prompted insurance brokers like Marsh to introduce new 'delay-in-delivery' coverage to address the risk.

Coverage timeline

  1. Techmeme

    Ann Davis Vaughan / The Information : Data center tenants now demand $5M+ a day in late-delivery fees, up from $1M this spring, spawning new “delay-in-delivery” coverage from brokers like Marsh — This spring, Mike Mathews, who leads the global digital infrastructure practice at insurance broker Marsh …

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