Offshore Power Insurance
What is offshore power insurance?
Offshore power insurance provides coverage for the risks associated with constructing, operating and maintaining offshore power installations, such as wind farms and tidal energy projects.
It typically includes protection against physical damage, business interruption, liability and environmental risks.
Why YOU need offshore power insurance!
Offshore power operations face unique risks, including harsh weather conditions mechanical failures and environmental hazards, making comprehensive offshore power insurance essential.
Offshore power insurance protects businesses from financial losses due to equipment damage, business interruption, liability claims and environmental impacts.
1. Medical and Emergency Travel Expenses, Rescue and Assistance
2. Legal Expenses – up to £50,000 to pursue compensation claims against third parties who have caused the insured injury
3. Personal Liability – up to £5 million settlement of costs or damages if the insured is sued for causing injury or damage
4. Personal Property – as selected
5. Cancellation, Curtailment, Travel Disruption, Replacement & Travel Delay
6. Vehicle Rental Cover – up to £1,000
Our standard offshore policy cover includes:
Property
Control of Well
Business Interruption & Liability
With tailored coverage, your offshore power company can ensure compliance with regulations, safeguard its assets and maintain operational stability.
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Who to speak to?
Stuart Belbin
Stuart joined Ascend in October 2020, having previously worked at A Plan and WRS, where he developed his specialism in the commercial and charity sectors. At Ascend, Stuart leads the development of these sectors as a customer-facing account executive with experience in providing effective cost & risk management insurance solutions.
Bringing together the best of his national and independent broking experience, Stuart is able to provide Ascend clients, from medium privately-owned businesses to public limited companies, with leading market solutions across a wide range of industry sectors.
Senior Account Executive
M: 07736 956221 E: Stuart.Belbin@ascendbroking.co.uk
