Global Engineering

— PRODUCTS AND SERVICES

Our role is to ensure that you have the best cover for any eventuality

With any project from the earliest design concepts, through to the construction process and throughout its life cycle, there are associated risks and potential liabilities that have to be addressed. You can transfer some of these risks and liabilities into various insurance products or contracts, whilst others you retain and manage with proper risk management techniques or otherwise outright avoid. Lockton’s Global Engineering practice have personally supported a wide range of power generation projects globally with an estimated 165,678 MW (both operational and construction).

As one of the leading insurance brokers within the renewable energy arena we have vast experience placing cover for clients throughout the renewable energy sector. With a comprehensive knowledge of the market, we are in the best position to be able to source the right bespoke product in line with client requirements.

Renewable energy projects are becoming larger and more complex in scale as technologies evolve. With governmental focus shifting away from fossil fuels to less polluting sources of energy, the expansion of the industry shows no sign of slowing. Established engineering firms, energy providers and manufacturers are now joining forces with pioneers in renewable energy to keep up with demand.

They are among the largest companies in the world and are well accustomed to the challenges of major technical risks. Areas of Expertise include:

Onshore and Offshore Wind Turbines
Solar (PV/CSP)
Hydrogen
Biogas
Waste to Energy
Battery Energy Storage Systems (BESS)
Package Policies.

Our Power Generation offering provides both retail and wholesale advocacy in this sector. This capital-intensive sector faces increased pressure from evolving electricity market demand patterns and requires insurance solutions that evolve with them. The rise of renewables and the erosion of traditional base load markets have brought new participants into the power generation space, participants who require insurance risk transfer solutions that are responsive to the needs of both equity investors and finance Parties.

Areas of Expertise Include:

Combined Cycle Gas Turbines
Coal Fired Steam Turbines
Biomass/Biogas Turbines
Waste to Energy
Hydro Electricity
Transmission & Distribution Systems.

With the large investment of capital, resource, time and knowhow undertaken in any energy-related construction project, it is important to understand all the key aspects of risk associated with these construction projects. The construction team is specialised in this sector, with vast experience from refining, petrochemical, LNG, LPG, GTL , pipelines, gas processing and Hydrogen .

With this specialist expertise, Lockton has provided clients with innovative solutions, designed specifically for the project. Due to the long-term nature of any project, it is important that strong partnerships are formed in order to share the common goals and to assist with a comprehensive risk review.

Global Engineering Team

Download our brochure

Our specialist global engineering team consists of industry experts who interact and negotiate with the insurance market day to day

Lockton Global Engineering Brochure

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