Mike Balmer, Executive Vice President, Willis North America

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Key Elements of a Project InsuranceProgramProperty/First Party coverages:• Builder Risk (course ofconstruction) – physical damageand time element/loss of use• Property – physical damage andtime element/loss of use• Equipment Breakdown• Contractors’ Equipment• Cargo / transportation• Performance guaranteeCasualty/Third Party coverages:• General Liability• Workers’ Compensation• Excess / Umbrella• Professional & Pollution Liability• Contractors’ Equipment• Other Coverages6
Important Program Considerations• Objectives? Develop/Build/Sell or Develop andOperate• Risk appetite and risk bearing capacity ?• Financing arrangements, lender requirements?• Project Delivery system – contractual relationships ?• Site occupancy details – buy or lease ?• RFP or Contract requirements ?• What perils are to be, or can be insured• Whose interests are to be protected ?• What deductibles apply? Who is responsible forthem?7
Page 1 and 2: Financing Solar Projects:Risk Manag
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Page 5: Key Project PhasesConception and De
Page 9 and 10: Performance GuaranteesAwarding auth
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Mike Balmer, Executive Vice President, Willis North America

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