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 property all risks 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 specialization
- Major power generators (steam and 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.
