Solutions for Large-Scale Technical Installations
Whether coal-fired power plant, thermal waste treatment plant or chemical park: the risk profiles of major facilities resemble one another. A very high explosion and fire damage potential goes hand in hand with an equally high risk of mechanical breakdowns. Due to sophisticated technical equipment, loss amounts run into billions. It is not uncommon that even major insurance companies reach their capacity limits.
Many insurers summarize under the general term “Energy” the entire conventional energy industry including thermal waste treatment and downstream production of crude oil.
In critical sectors, the provision of insurance protection for large technical installations is quite often organized by the risk carriers via central special units which are in many cases based abroad. No matter how professionally such central units handle the special risks of large technical installations, the rigid risk classification goes alongside with distinct constraints for you as the policyholder. Individual specifications that can for example result from the specific mode of operation or from regional interests and circumstances, can only be encountered with a great deal of effort.
