Power Generation Risk and Insurance

04/11/2024 27 min

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Episode Synopsis


This excerpt focuses on the risks and insurance considerations for power generation facilities. It covers various aspects of power generation, including the types of energy conversion, components of combustion turbines, and common risks related to air inlets, compressors, combustors, turbines, generators, and transformers. The presentation also explores insurance coverage options, including stock, mutual, and manuscript policy forms, and highlights the importance of understanding policy wording to ensure appropriate coverage in case of claims. Finally, it presents real-world examples of claims, illustrating the diverse range of potential risks faced by power generation facilities.