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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