Operational Power Insurance

Who it's for:

We offer customised machinery insurance for these industries and sectors:

• Traditional thermal power generation (coal, oil and gas as the fuel).
• Renewable and alternative energy providers, including:
  • o   Municipal and other incinerator operators (burning Municipal Solid Fuel (MSF) or Refuse Derived Fuel (RDF). Burning this waste saves landfill and the ash can be used for other things leaving virtually no waste.
  • Onshore wind turbines.
  • PV solar power providers.
  • Short Term Operating Reserve (STOR) power suppliers.
  • Battery storage electricity providers.
  • Hydro electrical and pump storage electricity suppliers.
  • Combined Heat and Power (CHP) electricity and waste heat providers.
  • Biomass power providers where wood chips or wood waste is burned to create electricity via a steam turbine / generator or Organic Rankine Cycle (ORC) plant.
  • Geothermal electricity power providers.
  • Nuclear electricity providers (virtually all are part of large multinational utility risks).
  • Hydrogen power generation. 

What it covers:

Our tailored cover protects against equipment issues that impact operations:

• Machinery malfunction
• Machinery failure
• Boiler explosion
• Electrical surges
• Power outages
• Operator error
• Frost damage

Our policies can extend to include “traditional all risks perils” such as fire, theft, accidental damage, flood and catastrophe perils (such as storm and earthquake).

Our operational power policies can be extended to include other risks such as Environmental Liability; Pool Re terrorism; Public Liability and Employers Liability for certain sectors.