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.
Renewable Energy Project Lifecycle Cradle-To-Grave Insurance
Lines Of Business
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.
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.