Wind Turbine and Energy
Determining the feasibility of a project should be accomplished by taking construction, technology, payment, operational maintenance, financial liabilities and potential revenue streams into account. Every phase of investment will have unique challenges and risks, such as cost overrun, delays, start-up and testing problems, contract and payment defaults, hidden defects or a catastrophe. These risks can be mitigated with prudent insurance coverage. For example, a blade failure without adequate insurance coverage can lead to an array of mortifying problems, such as claims for the cost of cranes, crew and materials, and ultimately impacting revenue streams.
Solar installations have continuously increased over the years. Careful consideration is required at each stage of the project, including construction, testing, during operation and equipment in transit. Machinery breakdown can happen at any time, as perils such as floods, storms, fire and lightning can lead to unwanted disruption.
Furthermore, with high dependency on certain weather conditions, an obscured sky may have an impact on revenue and it can be detrimental. With unpredictable weather conditions, income can be affected. We can arrange a parametrics cover for the reduction in expected yield, that can trigger coverage without needing proof of damage.
Biomass, Anaerobic Digestion and Landfill Gas extraction
More and more organizations are transforming organic waste into energy to power their facilities. Unsurprisingly so, as it benefits the environment but it does not come without risks. Before considering biopower production, It is crucial to question your readiness to utilize its advantages. Are your employees adequately trained? Have you accounted for specialized maintenance requirements? Have you considered the risk of equipment breakdown? What do you depend on to get a consistent source of biomass fuel? These discussion points need to be addressed accordingly in order to minimize issues and failures. Nonetheless, even with maximum care and effort in designing a smooth and seamless operation, there are events out of your control that can go astray, as the use of raw materials can be quite risky. Thus, it is better to be prepared with insurance.
Hydro, Tidal and Wave Energy