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Knowledge of technological advancements and the oil, gas and process industries are key factors in providing insurance and risk management services and solutions. JLT's Engineering All Risks Team have gained their substantial knowledge and experience working with projects all over the world.
We understand how the increasing complexity of the power and utility infrastructure and sheer size of key plant items, such as gas turbines, bring increased risks. Technological advances can raise insurability issues as insurers respond to the uncertainty associated with product evolution with policy restrictions. With such cutting edge complexities JLT is seen by our clients as being an invaluable member of their team.
Projects in downstream energy, other natural resources and heavy industry are constantly testing the ability of the insurance market to react to project owner needs. Our technical strength and influence in the market is essential in providing optimal insurance solutions.
Using our knowledge of the contractual structure of power and energy projects we can guide you through the contractual indemnity and insurance provisions vital to a successful and economic insurance programme. Across the world we have placed insurance and provided advice for the construction of more than 80 power stations and over US$65 billion of energy projects, working with both owners and contractors.
It is this experience that sets us apart from our rivals, offering you the benefit of our deep knowledge of the key risks in the sector - and the capability to create and deliver an economically sound insurance package around them.
We are also fully aware of the issues surrounding the cross-over of project financing and will give you peace of mind in knowing that your insurance arrangements fully satisfy your lenders' requirements.
Managing insurances for 150 operational PPP projects. Combined value: £9bn
Broker to nine of the top 15 UK contractors
Lead broker for 80 power station construction projects globally