Key Areas Covered by Specialised Project Insurance
Berkley Risk offers specialised insurance solutions designed to address the unique risks inherent in complex projects. From renewable energy ventures to large-scale construction and engineering initiatives, our coverage spans all critical phases, ensuring that your project is protected from start to finish.
Renewable Energy Project Insurance
Coverage for All Phases:
Protects renewable energy projects, including wind, solar, hydro, and biomass, from development through operation.
Key Protections:
• Property Damage: Covers loss or damage to physical assets such as turbines, solar panels, and related infrastructure.
• Delay in Start-Up: Provides financial compensation for delays in project completion due to insured perils.
• Liability Coverage: Includes public liability, environmental liability, and professional indemnity.
Protects renewable energy projects, including wind, solar, hydro, and biomass, from development through operation.
Key Protections:
• Property Damage: Covers loss or damage to physical assets such as turbines, solar panels, and related infrastructure.
• Delay in Start-Up: Provides financial compensation for delays in project completion due to insured perils.
• Liability Coverage: Includes public liability, environmental liability, and professional indemnity.
Construction All Risks (CAR) Insurance
• Comprehensive Protection: Covers physical loss or damage to construction works, plant, machinery, and materials.
• Third-Party Liability: Protection against legal liabilities arising from injury to third parties or damage to their property.
• Advanced Loss of Profits: Covers financial losses due to project delays caused by insured events.
• Third-Party Liability: Protection against legal liabilities arising from injury to third parties or damage to their property.
• Advanced Loss of Profits: Covers financial losses due to project delays caused by insured events.
Engineering Project Insurance
• Erection All Risks (EAR): Specifically designed for the installation of plant, machinery, and equipment.
• Machinery Breakdown: Covers sudden and accidental physical damage to machinery during testing, commissioning, and operation.
• Inherent Defects Insurance: Provides coverage for material damage resulting from latent defects in design, materials, or workmanship.
• Machinery Breakdown: Covers sudden and accidental physical damage to machinery during testing, commissioning, and operation.
• Inherent Defects Insurance: Provides coverage for material damage resulting from latent defects in design, materials, or workmanship.
Contractors’ Plant and Equipment Insurance
• Comprehensive Coverage: Protects contractors’ owned or hired-in plant and machinery against loss or damage.
• Wide Range of Equipment: Covers equipment ranging from small tools to large construction machinery.
• Wide Range of Equipment: Covers equipment ranging from small tools to large construction machinery.
Professional Indemnity Insurance
• Protection for Professionals: Covers legal costs and damages arising from claims of negligence, errors, or omissions in professional services.
• Industry-Specific Coverage: Tailored for architects, engineers, consultants, and other professionals in the construction and renewable sectors.
• Industry-Specific Coverage: Tailored for architects, engineers, consultants, and other professionals in the construction and renewable sectors.
