Product Overview
Our Power Generation insurance is suited for a variety of energy businesses, including the operators of steam and gas turbines, desalination plants, and hydroelectric, geothermal, wind and solar plants.
Our team offers global capacity principally on a quota share basis in supporting multinational or indigenous account-specific programmes. Capacity is granted either on a lead basis or following other recognised leading market practitioners.
Cover is provided for ‘all risks’ property damage, machinery breakdown and business interruption.
Product information:
Our Power Generation insurance features include:
Target Markets:
- Steam turbine power plants
- Gas turbine technology including integrated gasification and combined cycle generation
- Internal combustion engines
- Desalination installations
- Geothermal
- Hydroelectric
- Renewables:
- Concentrated Solar Power (CSP)
- Solar PV
- Wind
- Battery energy storage systems (BESS)
Line size:
Up to USD 125 million
Territories:
Worldwide
Scope of coverage
Liberty’s All Risk policies provide comprehensive coverage in the areas of power generation, oil, gas, petrochemicals and heavy industries. Coverage can include property damage and business interruption, protection against fire, explosion, electrical and mechanical breakdown, natural catastrophes, and tailored-made policy extensions. No matter the type of industry you are in, Liberty has the right coverage. We offer solutions for Power generation, transmission & distribution, including renewable energy and machinery breakdown.
What sets us apart
US $ 150 million capacity per risk that combined with underwriters’ flexibility and autonomy allows us to respond as fast as possible. Response dynamism and speed are values that show our commitment to our clients.
Besides, we offer:
- A tailored made product designed to the specific insured’s needs.
- Engineering risk inspection services.
