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Energy

Boiler & Machinery Breakdown

Boiler & Machinery Breakdown business insurance coverage is available on all types of machinery, manufacturing equipment and plants across various industries.

Chubb’s capacity, expertise and global risk management programmes make us a particularly effective solution provider for large industrial companies. We offer packaged insurance solutions that provide gapless coverage and eliminate possible Joint-Loss concerns.

Whether it’s for a large utility or refinery, a medium-sized food processing or manufacturing plant, or an apartment building, condominium or hotel, Chubb can write its boiler and machinery cover either as a monoline product or as part of an all-risks package.

Market Specialisation

Utilities
Pulp and paper
Printing
Water treatment
Heavy industry
Office and commercial buildings

Benefits

Option to include cover for business interruption or additional increase cost of working
Option to include cover for goods in cold

Coverage

Cover for physical loss or damage to machinery whilst in operation (unless specifically excluded)

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

Power & Utilities Facilities

More than ever before, the power generation industry requires the protection of dependable and proven loss prevention and risk management strategies. As a provider of property all risks insurance for the industry, Chubb connects you to experts who both understand your unique needs and focus on client relationships to serve you better.

Key Benefits

Cover physical assets as well as business interruption
Cover flexibility combines a property all risks cover with machinery breakdown cover for complete protection
Cover is broad in scope
Limits are typically high
Engineering and risk management consultant
Focus on building tripartite relationship with clients and brokers for better service

Market Specialisation

Major power generators (steam and gas)
Gas turbines
Nuclear power
Co-generation wind power hydro-electric distribution

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

Upstream & Downstream Energy Facilities Insurance

Whether you’re an oil and gas drilling company or a refinery, you’ll find our comprehensive portfolio of market-leading products and services helpful in protecting your business against a variety of risks present in your field of work. Moreover, our commitment to serve you means that your financial security and professional reputation are better protected.

Key Benefits

Financial strength to secure broad asset protection
Coverage for projects under construction as well as active operations
Coverage for both physical assets and business interruption
Claims expertise and assistance in managing/settling catastrophic loss issues
Tailored, responsive solutions to specific customer risk maangement objectives
Clearly define policy terms

Market Specialisation

Oil and gas exploration and production companies
Onshore energy and offshore energy facilities
Petrochemical and chemical process companies
Other industries such as electricity and water utilities, related energy and power generation companies

Please refer to the policy contract for the full details of benefits, terms and exclusions that are applicable. The information provided here is a brief summary for quick and easy reference. The exact terms and conditions that apply are stated in the policy contract.

Solar PV All Risk

The commitment to making sustainable choices is of utmost importance for the future of the environment. Generating green energy such as that through a solar photovoltaic (PV) system requires substantial investment. That’s why we go above and beyond with MSIG Solar PV All Risks Insurance. It protects your solar PV system against loss or damage due to fire, theft and accidental damage. It also provides compensation for income or savings affected by downtime caused by such loss or damage if your system is under the Feed-in Tariff (FiT) or Net Energy Metering (NEM) programme. With different plans offered including options for deductibles and public liability cover, you will find the coverage you need. At MSIG, protecting your investment in renewable energy is at the heart of everything we do.