RCA

RCA and reinstatement assessment of major equipment in power plants

What equipment still concerns insurers, loss adjusters, risk managers and operators? Turbines, generators and transformers, between others. This is because of their cost, complexity, and exposure to potential large interruption periods when a loss occurs. This is particularly especial when damage is not that evident. The photos below have caused interruption periods of many months …

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COVID-19 and Plant/Machinery Claims. Partial Solution => IIoT

It is very likely that the current pandemic will increase the risk of plant and machinery breakdown claims worldwide, which could in turn lead to further Business Interruption (BI) exposure, and even Delay to Start-Up (DSU) claims. In the current climate, although many people may not want to accept it, the risk on those critical …

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