The unique composite policy affords the client the choice of coverages outlined below, from which they can select depending on their needs.

We provide insurance throughout all stages of your Renewable Energy project, from development stage through  construction and operation.

  • Marine Cargo
  • Marine Delay in  Start Up
  • SASRIA

Renewable Energy Project Lifecycle Cradle-To-Grave Insurance

Seamless Transition

- One Insurer

  • Construction All Risks
  • Advanced Loss of Profit
  • Third Party Liabilities
  • SASRIA

Seamless Transition

- One Insurer

  • Operational All Risks
  • Business Interruption
  • Third Party liabilities
  • SASRIA

Lines Of Business

Renew Risk Africa offers a bespoke composite, ‘Cradle to Grave’ seamless insurance package to meet developers, owners, manufacturers, contractors, lenders, lenders insurance advisors and brokers requirements. One policy. One insurer. All encompassing.

Inland & Marine Transit

Coverage begins when materials are first purchased, through all stages of transit whether by Air, Land or Sea to a distribution warehouse or dock and finally to the project site.

Advanced Loss of Profits

Particularly important for large projects where delay in project completion could have a substantial impact on  the expected revenue. This coverage pays for loss of Anticipated Gross Profit from the scheduled date of  commercial operation up to the actual date of commercial operation.

Business Interruption

Our business interruption coverage compensates for income lost due to the interruption of power generating  activities

Marine Delay in Start Up

We cover loss of Anticipated Gross Profit and Liquidated Damages incurred as a result of delay in project  completion due to loss during transit.

Operational All Risks

From weather related events to human error, we provide comprehensive coverage for physical damage to your  physical assets during the ongoing operations.  We understand the need to act quickly to repair the damage and  get your operation up and running.

Contingent Business Interruption

We provide coverage for loss of earnings of your project if a supplier, business, sub-contractor, key customer or  manufacturer cannot continue to operate because of damage or destruction.

Riots, Strikes, Terrorism etc. (SASRIA)

SASRIA is the provision of short-term insurance for riots, strikes, terrorism, civil commotion and public disorder  to businesses.

Construction All Risks

From weather related events to human error, we insure for physical damage to your equipment during  construction of your project.  We understand the need to act quickly to keep your project moving forward and  work with you to get back on schedule.

Mechanical and Electrical Breakdown

Sudden and unforeseen failure of mechanical or electrical equipment during the construction, testing and  commissioning and early generating phases of your project.

Third Party Liability / Employers Liability

We provide General Liability coverage to safeguard your project from legal liability claims presented by third  parties.

RENEW RISK AFRICA

 

Renew Risk Africa underwrites on behalf of Guardrisk Insurance Company Limited, who have National Insurer Financial Strength (IFS) ratings of AA+(zaf).

CONTACT DETAILS

 

Tel: +27 (21) 685 1879

Cell: +27 82 447 5969 / +27 84 814 7185

Email: info@renewrisk.co.za

Renew Risk Africa Pty Ltd is an authorised financial services provider FSP: 48561

Copyright © 2017 Renew Risk Africa Pty ltd. All rights reserved.