Power and Utilities Insurance
Moving towards a more environmentally sustainable future
Travelers is supporting businesses on their journey to clean energy. We offer worldwide coverage for a range of occupancies including conventional thermal and hydro, and with many of our clients transitioning towards a more environmentally sustainable future, we are incorporating growing elements of onshore wind, solar and battery energy storage systems (BESS) into combined conventional and renewable portfolios. Our power and utility policies cover all risks of direct physical loss or damage and include machinery breakdown and ensuing time element for businesses involved in electricity generation, electricity and gas transmission and distribution.
Based in London, the Travelers Power and Utilities insurance team consists of respected, market-leading underwriters supported by specialist engineering expertise. We have a high degree of industry specific knowledge and work closely to enhance clients’ risk management, safety management systems and quality assurance. In addition to the major classes of coverage, we can provide our clients with related products.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
- Regulated utilities, municipalities and cooperatives
- U.S. based
- Canadian
- Other regulated utilities
- Non-regulated utilities
- Large investor-owned independent power producers
- Small independent power producers
- Electricity transmission and distribution (excluding ‘poles & wires’)
We’ll consider
We may need more information to confirm a fit.
- Stand-alone
- Geothermal
- Biomass
- Waste to energy
- Solar thermal
We do not cover
Sorry, we’re currently unable to insure the following.
- Stand-alone
- Coal
- Wind, solar and/or BESS (this is written by our dedicated renewable energy team)
- Nuclear
- Catastrophe-only business
- Third-party liability/professional indemnity
Travelers advantage
In a dynamic world, things don’t always go to plan. Travelers offers expertise you can count on to address diverse risks thanks to a detailed and bespoke underwriting process.
- Financial strength. Financial strength and stability with international reach.
- Experience & expertise. Long-term industry experience combined with deep specialist underwriting expertise.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Multinational reach. Tailored coverage and support in more than 150 countries.
Advantage spotlight
You’ll be keen to know about the following.
We are an established, well-respected and influential market leader with dedicated engineering expertise
In conjunction with our Renewable Energy team, Travelers writes one of the largest power and utility books in the London specialty market. Our experienced underwriters have a high degree of industry-specific knowledge and work closely with clients to enhance risk management, safety management systems and quality assurance. Power and utilities insurance claims can be complex, which is why our highly skilled Claims team retains technical understanding of these risks. They are on-hand to respond quickly and assist policyholders to effectively resolve claims.
Power and utilities covers & highlights
All risks of direct physical loss or damage and include machinery breakdown and ensuing time element.
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Electricity generation machinery
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Electricity transmission
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Gas transmission
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Gas distribution
Related products
Renewables
We can help resolve complex claims quickly with our specialist cover for companies that develop renewable energy assets and services.
Upstream & midstream
With the technical expertise of our energy underwriters, clients can manage oil and gas sector risks and be advised on safety practices.
Management liability
When losses and lawsuits pose professional and personal risks to a company’s leaders, management liability insurance can help them stay focused on running the business.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
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