Business Sectors Renewable
Energy Projects
Renewable Energy Projects
Overview
Energy and utility projects typically require cover for sudden and unforeseen failure of mechanical or electrical equipment being installed as part of the project build during the construction, testing and commissioning and early generating phases; this may extend to include installation and commissioning mechanical and electric breakdown,
Pre Handover Operational Coverage (also known as Seamless Construction to Operational Coverage) is an extension to standard cover usually associated with the energy utilities sector. It is often a requirement for the contractor to place completed wind turbines, generators and solar arrays into operation for the benefit to the owner in advance of the final completion of the project, but after handover,. In such cases specialist cover is required to indemnify the owner for damage to that operational equipment prior to the formal completion date of the project.
We understand the need to act quickly to keep the project moving forward and work with clients to move passed the requirements of addressing and insured event and importantly to get back on schedule to mitigate any consequential losses.