More than ever before, the power generation industry requires the protection of dependable and proven loss prevention and risk management strategies. As a global leader in providing all-risk property insurance for the industry, Chubb connects you to experts who both understand your unique needs and focus on client relationships to serve you better.
Coverage Highlights
Market specialisation
- Major power generators (steam & gas)
- Gas turbines
- Nuclear power
- Co-generation wind power hydro-electric distribution
Benefits
- Covers physical assets as well as business interruption
- Cover flexibly combines a property all-risks cover with machinery breakdown cover for complete protection
- Coverage is broad in scope
- Limits are typically high
- Engineering and risk management consultation available
- Focus on building tripartite relationships with clients and brokers for better service
Chubb Coal Policy
Chubb’s commitment to do its part as a steward of the Earth is reflected in the company’s policy concerning coal-related underwriting and investment, which was adopted on July 1, 2019. With the new policy, the company will no longer underwrite the construction and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining or energy production from coal. Insurance coverage for existing coal-plant risks that exceed this threshold will be phased out by 2022, and for utilities beginning in 2022.
Interested in this Chubb policy?
Have a question or need more information? Contact us to find out how we can help you get covered against potential risks