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Alternative Risk Transfer (ART)
Chubb works closely with its power insurance customers to ensure the right mix of coverage that helps manage both exposure
and costs.
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Facility Financing Insurance
When developing "soft costs" are significant, lender may require additional insurance to cover such costs in the event of
a total loss.
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General and Third Party Liability
Protection includes liability from activities at the plant site as well as for the owner/operator for any liability out of
activities at the site.
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Pollution Liability
Pollution liability insurance covers third-party bodily injury, property damage and clean-up costs.
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Umbrella/Excess Liability
In one single contract Chubb can provide additional liability coverage. Chubb can tailor coverage to respond to changing organizational
structures.
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Power Production
Chubb Commercial Insurance
In today's competitive power industry, it matters little whether you deal in gigawatt hours, tons or BTUs. What counts is
your ability to harness power and distribute it in innovative, economical ways.
Did you know that one out of two businesses that suffer a major property loss never recovers because they are unable to rebound
quickly enough to regain their competitive position in the marketplace?
As deregulation and privatization take place in the energy market, you cannot afford costly downtimes and lost revenues. Your
plan to financially protect your plant and operations against loss is a critical part of your success model.
With the scope of the power industry ever expanding, Chubb continues to work with its agents, brokers and customers, on a
worldwide basis, to develop the products and services your industry needs. And as your own business changes and grows, we'll
keep on unleashing the power of insurance to help protect you from loss.
Power Production Property Insurance
Whether you operate a large combined cycle co-generation facility or a small waste-to-energy plant, Chubb's Power Production
Property Insurance coverage can be tailored to your needs. Using Chubb's own service-oriented, multinational risk network,
the underwriter helps your broker mesh your locally admitted and global insurance programs to help avoid gaps in coverage.
Our broad and responsive "all-risk" property insurance coverage has some of the highest coverage limits in the industry, automatically
protecting you against the exposures you face:
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Machinery breakdown insurance may be the biggest exposure you encounter, and our package policy can cover loss or damage to equipment due to mechanical
breakdown, electrical arcing and steam explosion.
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Extra and expediting expense insurance helps you pay for the costs of getting your plant back into operation following a loss, damage or breakdown
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Contingent business income insurance protects you against a loss if one of your key suppliers or customers cannot operate due to a property loss
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Transit insurance enables you to pay for repairs to equipment damaged while being transported to or from your site
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Extended business income insurance provides you up to 12 months to get your operation back to the level that existed prior to the loss
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Loss to physical assets (e.g., turbines, boilers, transformers and powerhouses)
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