by deniseknight | Apr 25, 2022 | Uncategorized
We have been seeing audits for our hydroelectric insurance clients become more and more commonplace. If you receive a quote from Energy Insurance and Bonds, we will notify you if your policy is auditable. If you are unsure, please make sure to check if the...
by Brittany Bennion | Feb 24, 2020 | Uncategorized
In an effort to keep our clients informed on the status of the energy market, Energy Insurance & Bonds prepared this Commercial Property Outlook for 2020. The property insurance market started to turn in 2019. Catastrophic losses in the energy sector in the past...
by Brittany Bennion | Oct 29, 2019 | Uncategorized
To report a loss or not report a loss. That is the question. We are often asked by clients if they should report a property or boiler and machinery loss even though they think the cost of repair is below the insurance deductible. Some of our clients are fearful that...
by Brittany Bennion | Oct 22, 2019 | Uncategorized
Flood Insurance One of the most common insurance claims for small hydroelectric plants is a flooding event. Flood at small hydros can come in two ways: 1) A rise in the surrounding water level that floods the powerhouse or other equipment on or near the ground. 2) It...
by Brittany Bennion | May 16, 2019 | Uncategorized
When is it appropriate to drop your Commercial General Liability Insurance Coverage? The short answer is never, if you still own or have an insurable interest in your power generation project. We get asked from time to time by clients if it is okay to drop General...
by Brittany Bennion | Apr 29, 2019 | Uncategorized
The difference between Commercial Property Insurance and Boiler & Machine Breakdown Insurance. Lloyds defines Boiler & Machinery as a sudden and accidental failure that necessitates repair and/or replacement. I tell my hydro clients that a B&M loss is when...
