Energy Insurances
Energy Insurances
Guarantee for Every Stage of Energy Investment
Energy investments; It requires a unique assurance approach due to its high cost equipment, long lead times and production interruption turning into a direct loss of income.
It plans to ensure uninterrupted coverage from the installation period to commercial operation and from there to periodic maintenance periods; We support the structure with international reinsurance capacity when necessary.
- Solutions specific to the project and operating period
- Renewable and conventional energy risks
The critical point is that there is not a single day left without coverage between installation and operating policies.
Scope
Coverage Scope
Solar power plants (SPP)
Comprehensive coverage for panels, inverters and transformers, including hail, storm and theft.
Wind power plants (RES)
Additional costs due to machinery breakage and difficulty accessing turbine, blade and tower components.
Hydroelectric and geothermal
Evaluation of penstock, turbine and well equipment due to natural disasters, floods and corrosion.
Cycle and biomass power plants
Fire and machinery breakage-oriented structure in gas/steam turbine, boiler room and fuel area.
Transmission and distribution lines
Natural disaster and third party liability coverage for line, pole and switchyard assets.
Loss of production (business interruption)
Structuring the income impact of stopped production after a covered damage.
Key Risks
What We Watch in This Area
Long Lead Time
The replacement period of major equipment puts the loss of production far above the physical damage.
Network Outages
The income impact of connection-related stoppages is also evaluated in the collateral setup.
Disaster Accumulation
Natural disasters that have a simultaneous impact throughout the field are treated as a separate scenario.
How is it determined?
Data Determining Energy Guarantee
- Installed power, production technology and power plant type
- Brand-model information and lead time of main equipment
- Site conditions: wind regime, hail risk, flood and landslide
- Network port and outage history
- Scope of the warranty period with the maintenance contract
- Annual production forecast and electricity sales model
FAQ
Frequently Asked Questions
The installation period is usually covered by installation all-risk (EAR); With the temporary acceptance, the operating period policy is transferred. We plan this transition so that there are no unsecured days left.
It is not mandatory. However, since the income in energy investments depends directly on production, physical damage coverage alone is often not sufficient.
The frame is the same, the center of gravity changes. In renewable facilities, natural disasters and site-wide accumulation come to the fore, while in conventional facilities, fire and machine breakage come to the fore.
No. The manufacturer's warranty covers manufacturing defects; Damages caused by hail, storm, theft and third parties are excluded from the warranty. The two complement each other.
Do You Have a Need in This Area?
Let's assess your risk together and build the coverage structure around your needs.