ACE offers Boiler & Machinery, Power Generation as part of our package cover – Spectrum – and on a standalone basis.  Our Erection All Risks (EAR) policy generally covers the installation of power generating machinery and we also have a specific Renewable Energy policy which can cover power generation from renewable resources.

Product Highlights

Our standard policy covers operational power generation risks for both damage and business interruption. We can limit cover to engineering perils such as machinery breakdown or sudden and unforeseen damage (SUD) or broaden it to an ‘all risks’ basis including machinery breakdown and subsequent business interruption.

Our cover is intended for all types of power generators, from single power plants to national power corporations and multinational power generation operators. We target power generators with a proactive approach to risk management and a long-term commitment to the power generation business.

Key Selling Points

·         ACE is an established lead insurer in the power generation market and has the capacity and experience to underwrite large risks

·         We are able to insure directly and as reinsurers of risks in the UK and a number of key overseas territories

·         We have a highly regarded team of power engineers who command worldwide respect for their knowledge in this area of insurance