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Power & Utilities

Power and Utility Companies

Insurance Solutions for the Power Generation and Utilities Industry

At HWI, we recognize the unique challenges that the Power Generation and Utilities Industry encounters on a regular basis.

As a result, we strive to continuously adapt to the ever-changing global market, providing customized risk management and insurance solutions that address a wide range of risks.

contact

Key Contact

Mauricio Vazquez

Senior Vice President -
Power Generation and Utilities Practice Lead

416 229 3238 Email
industry

Challenges facing the Power & Utilities Industry

Companies in the power generation and utility industry are facing a multitude of challenges stemming from the energy transition and the increased scrutiny of environmental impact by investors, consumers, and regulators.

These challenges include the need to substantially reduce greenhouse gas emissions while ensuring the resilience of their assets and operations to climate change and extreme weather events.

Supporting risk management and financial viability

The growing demand for energy is further complicating matters, with conflicting priorities between reducing emissions and meeting the increasing need for power generation. Aging asset infrastructure is a major concern for power generation companies, as it is more prone to machinery breakdown and business interruption losses.

Our comprehensive suite of services is designed to help you accurately identify and assess your company’s risks and effectively manage and transfer them to the insurance industry. By partnering with us, you can be confident in our ability to provide the support and expertise necessary to ensure the long-term financial viability of your company.

insurance

Coverages we can offer:

We offer insurance solutions and services tailored to both construction and operational risks in the power generation sector, which include:

Operational Insurance

  • All-risk Property and Machinery Breakdown (incl. Business Interruption)
  • Commercial General Liability
  • Umbrella and Excess Liability

Construction Insurance

  • Builders’ Risk (incl. Delay in Start-Up/ Business Interruption)
  • Project Wrap-Up Liability
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We can also offer the following coverages:

  • Damage to Physical Assets
  • Business disruptions and loss of revenue
  • Design, construction and testing/commissioning risks
  • Natural hazard and weather-related risks
  • General operation and maintenance risks
  • Cyber and privacy
  • Fraud/theft
  • Liability and legal risks
  • Environmental risks
  • Employment practices and workplace safety
  • Reputational risks
  • Political, policy and regulatory risks
  • Automobile Insurance
  • Business Travel and War
  • Cargo/Marine
  • Credit Insurance
  • Crime
  • Cyber Risk
  • Directors & Officers Liability
  • Errors & Omissions
  • Fiduciary
  • Fine Arts
  • Hostile Environment Crisis
  • Kidnap and Ransom
  • Mobile/Contractors’ Equipment
  • Personal Accident
  • Political Risk and Structured
  • Political Violence Insurance
  • Pollution and Environmental Liability
  • Reclamation Bonds
  • US Worker’s Compensation and Employers’ Liability

Why work with us?

Consultative Approach

We offer risk advisory, risk transfer and solutions, that enhance financial and operational resiliency and help maintain business viability.

Industry Expertise

We have 50 years of combined experience in insurance and reinsurance brokerage, engineering and loss control, underwriting, enterprise risk management and traditional risk management.

Custom Risk Management

We offer customized and innovative risk management solutions to help companies overcome challenges in insurance, including rising costs, decreased capacity, and stricter terms, regardless of their location.

If you would like to discuss your insurance needs in more detail