The PERse Property policy offers all risk, replacement cost insurance for new and existing projects over all classes of renewable energy, including but not limited to wind, solar, geothermal, bio and hydro. Coverage is provided for all phases of the project exposure cycle including:
- Ocean Marine Transit
- Delay in Start-up
- Contingent Delay in Start-up
- Construction All Risk
- Testing and Commissioning
- Phased Handovers
- Operating All-Risk
- Business and Contingent Business Interruption
- Mechanical and Electrical Breakdown
- Critical Catastrophe Coverage
In excess of $1 Billion per project
PERse capacity is predicated on Probable Maximum Loss (PML) valuation, which allows for significant limits, contingent on modeling results.
PERse offers a wide range of both physical damage and loss of revenue deductibles. Starting at $5,000 per occurrence for property losses, deductibles are available up to $1,000,000 per occurrence. Time element waiting periods (deductibles) can range from 5 to 60 days. Most project owners select deductibles from an intermediate range as these offer a beneficial combination of value and price.
PERse also provides catastrophic coverage of projects located in high risk zones for windstorm, flood, and earthquake. Our team has extensive experience in the complexity of CAT coverage worldwide.
As part of this process, we frequently provide estimated insurance costs for specific projects to assist clients in finding the appropriate deductibles to meet budget and insurance requirements. PERse does this at no cost to the client.