Power & Engineering

Often referred to as Engineering Insurance, is a specialized type of insurance coverage designed to protect businesses involved in the power and engineering sectors.

Vital for businesses involved in complex engineering projects.

At Lambach Insurance Broker’s, we understand the critical role that the power and energy sector plays in driving global progress and sustaining economic growth. With the ever-evolving landscape of energy production, transmission, and distribution, it’s imperative for businesses operating in this sector to have robust insurance coverage tailored to their unique needs.

Specialized Coverage for the Power and Energy Sector

Property Insurance

Comprehensive coverage for power plants, substations, transmission lines, and other physical assets against risks such as fire, explosion, natural disasters, and equipment breakdowns. Protection extends to machinery, turbines, generators, transformers, and other specialized equipment critical to energy production.

Business Interruption Insurance

Vital coverage to mitigate financial losses resulting from interruptions in energy production or distribution due to covered events. Helps offset lost revenue and additional expenses incurred during the restoration period.

Equipment Breakdown Insurance

Protection against sudden and accidental breakdowns of machinery and equipment used in power generation and distribution facilities. Coverage includes repair or replacement costs and potential business interruption losses.

Liability Insurance

Coverage for bodily injury, property damage, and environmental liabilities associated with power generation, transmission, and distribution activities. Protects against claims from third parties, including employees, contractors, and the public.

Construction and Installation Insurance

Tailored coverage for construction and installation projects related to power plants, renewable energy facilities, transmission lines, and substations. Protects against risks during the construction phase, including material damage, third-party liabilities, and delays.

Renewable Energy Insurance

Specialized coverage for wind, solar, hydroelectric, and other renewable energy projects. Includes coverage for unique risks such as weather-related damage, equipment failure, and performance guarantees.

Environmental Impairment Liability Insurance

Protection against liabilities arising from pollution incidents or environmental damage caused by power and energy operations. Covers cleanup costs, legal expenses, and third-party claims for property damage or bodily injury.

Cyber Insurance

Safeguards against cyber risks and data breaches that could disrupt energy operations, compromise sensitive information, or lead to regulatory penalties. Coverage includes data recovery, forensic investigations, and liability protection.

Supply Chain Insurance

Coverage for disruptions in the supply chain, including delays in the delivery of critical components, raw materials, or fuel necessary for energy production. Helps mitigate financial losses and maintain operational continuity.

Political Risk Insurance

Protection against political risks, including expropriation, currency in-convertibility, and political violence, which could impact energy projects in foreign jurisdictions.

Empowering Progress, Engineering Excellence

At Lambach Insurance Broker’s, we’re committed to providing tailored insurance solutions that address the unique risks and challenges faced by businesses in the power and energy sector. Our team of experts will work closely with you to assess your needs, identify potential exposures, and design a comprehensive insurance program that protects your assets and promotes long-term resilience and success. Contact us today to learn more about our specialized insurance offerings for the power and energy industry.

+ 91 40 6617 1199

+ 91 40 6617 1199