Comprehensive Energy Insurance (CEI)

WHAT IS COMPREHENSIVE ENERGY INSURANCE?

A short-term insurance product tailor-made specifically to meet the needs of all stakeholders practicing in the Renewable Energy sector.

It caters in particular for projects up to 10MWp capacity. “Cradle to Grave” concept, i.e. Marine, Construction, Operational Risks, Delay in Start-Up, Business Interruption and Public Liability (including SASRIA – where applicable).

Flexible cover: You choose the categories of cover that you want and pay premium only on the categories selected.

Solar Photovoltaic & Wind.

WHAT IS COVERED UNDER CEI?

Marine Cargo

  • Covers imports and exports of Parts and Materials from origin to destination.

Marine Cargo DSU

  • Covers interruption and / or a delay in start-up following indemnifiable loss or damage occurring during the marine leg.

Contract Works Insurance

  • Covers the Contract Works at the contract site against loss of or damage to the Property Insured.

Contract Works Insurance DSU

  • Covers interruption and / or a delay in start-up following indemnifiable loss or damage under the corresponding Contract Works policy.

Operational All Risks

  • Covers the completed Contract Works (i.e. Post-Handover) for the full asset value including mechanical and electrical breakdown.

Operational Business Interruption

  • Can apply to both Operational and Maintenance Contracts where equipment is leased to owner or payment is by means of tariff charge or alternatively where the employer has assumed ownership and incurs increased costs due to a breakdown or damage.

Broadform Public Liability

  • Covers compensation to Third Parties for death, or bodily injury or damage to tangible property arising as a result of an accident during the construction period or a negligent act or ommission.

TIERS OF CEI
PROJECTS

Tier 1 – Small Scale

MWp Range 0.1 MWp to 1.00 MWp

Tier 2 – Typically Commercial

MWp Range 1.00 MWp to 7.50 MWp

Tier 3 – Utility Scale / REIPP Size Projects

MWp Range 7.50 MWP to 150 MWp

UNDERWRITTEN
BY

Underwritten by Consort Technical Underwriting Managers (Pty) Ltd in conjunction with Horizon Marine Underwriters (Pty) Ltd and Leppard & Associated (Pty) Ltd.

All for an on behalf of Lombard Insurance Company Limited.

Consort Technical Underwriting Managers (Pty) Ltd (Reg No 1999/003909/07) is an Authorised Financial Services Provider (FSP No 2273), is FAIS compliant and is underwritten by Lombard Insurance Company Limited (FSP No 1596). CONSORT TECHNICAL UNDERWRITERS © 2020. All rights reserved.