The excessive and essential in the world of risk management: Project Construction

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Excerpt: The most volatile timeframe for something “bad” to happen in a project’s lifecycle is during construction, which makes securing proper builder’s risk coverage extremely important. Builder’s risk coverage is protection for equipment and materials that will become part of a final project up …

Avoiding $100,000 a day losses

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Excerpt: Bringing a wind project to fruition is a multi-phased process. Financing and approvals are understandably foremost on developers’ minds, while risk management and loss prevention rarely top their “to do” lists. Yet every phase of the project: from planning, through to construction, maintenance …

Insurance firm increases offshore wind project capacity by $100M

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Excerpt: An insurance services firm for the renewable-energy industnry, has added an additional $100 million to its existing offshore renewable energy project capacity. GCube says significant growth in the offshore renewable energy sector, particularly in Europe, and potentially the US and South East …

The excessive and essential in the world of risk management

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Excerpt: Project development is an incredibly long and frustrating procedure filled with a series of hurry-up-and-wait timelines and 100-plus page contracts. One mistake projects fall victim to is not including their risk management representative in contract negotiations. Within all of these contracts ( …

What to do when your turbine warranty expires

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Excerpt: Looming deadlines of expiring turbine warranties have project owners taking stock of options and planning their next steps. Lender requirements, project lifespan, and maintenance concerns are just a few factors owners must consider. The good news is that there are more options available than eve …

Catastrophic Insurance for Wind Farms

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Excerpt: Fraser McLachlan CEO GCube Insurance services, Inc. Newport Beach, California www.gcube-insurance.com The insurance market thought it had a bad 12 months with Australian fires and floods, plus the New Zealand Earthquake. Then Japan happened. The world is still reeling from the horrific da …

Enhanced defects coverage for established wind farms

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Excerpt: An insurance company focused on renewable-energy projects has launched an Enhanced Defects Coverage program. This provides a realistic and dependable response to equipment upkeep and maintenance when no longer covered by a traditional manufacturer’s warranty. Enhanced coverage comes at a critical …