Energy Insurance
Cool Insuring Agency has a long-standing tradition of providing quality energy insurance and service to the energy industry. Whether it be a co-generation station using biomass for fuel, or a remote hydroelectric station, we have worked with clients from the planning and financing phase to full operation.
We strive to be part of your risk management team and this can only be done by insurance brokers who truly know the industry, and can then articulate your needs to the various underwriters. We take pride in our exceptional relationship with the nation’s leading underwriters of energy companies, and we are therefore consistently able to negotiate the best price/coverage combination in energy insurance for our clients.
As in any industry, there are unique energy insurance coverage such as Mechanical Failure, Systems Performance, Contingent Business Interruption, and Downstream Liability. It is critical that energy producers have their insurance program tailor-made to take advantage of all the coverage nuances available in today’s marketplace, without paying too much, or missing out on the broadest coverage being offered.Examples of our custom services for the energy field include:
- * Reviewing contracts for insurance agreements,
leases, and subcontractor work.
- * We involve the insurance carrier’s Engineering
Department early to avoid any unforeseen costs or
recommendations once a project begins construction.
- * We have extensive experience in negotiating
difficult claims for IPPs.
- * Constant review of risks of business – including bonds, Pollution Liability, Workers’ Compensation Costs and Health Insurance.
“Given the tremendous amount of uncertainty and transformation now occurring throughout the hydro-power industry, many owners and operators of hydroelectric power facilities are creatively reshaping their business operations…Whether it is the buying or selling of sites, working as a contractor for others, or developing plants in foreign countries, the depth and scope of risks associated with these business practices are encouraged now, more than ever, to fully understand what the impact of such business practices will be to their insurance and risk management portfolios.” (Excerpt from an article published by Bob Muncil of Cool Insuring Agency, Inc. which appeared in Hydro Review Magazine.)
Contact Robert Muncil at 1-800-233-0115 or e-mail: rdmuncil@coolins.com for Energy insurance needs:
- Property Insurance
- Boiler & Machinery
- Liability
- Contingent Business Income
- Foreign Work/Projects
- Workers’ Compensation