Hays Power & Utility
Risk management and brokerage services to the power & utility industry have been a core competency and commitment since the founding of Hays Companies in 1994. In fact, two of the first three clients in our door were power and utility companies. The formation of Hays Power & Utility group reinforces our specialization and long term commitment to this industry.
We have close relationships with key underwriters and important decision makers at the utility industry mutuals and commercial insurers in the U.S., London, European and Bermuda markets specializing in the power & utility sector. We spend substantial time understanding and analyzing our clients’ business and exposures to risk, and translate your risk management needs into the optimal balance of retained and transferred risk – with a net result of achieving the lowest possible total cost of risk.
We have substantial experience in specific sectors with Investor-owned utilities (electric, gas and combination), merchant power, cooperative power, public power and generation feedstock mining. We have experience and capabilities for vertically integrated or stand-alone power & utility segments and technologies, including:
- Fossil generation (coal, gas, oil)
- Nuclear generation
- Wind generation
- Solar generation
- Geothermal generation
- Electric transmission
- Gas pipelines
- Electric and gas energy delivery / distribution
We are experts at developing specialized and customized insurance programs for our power & utility clients including:
- Primary Casualty (general liability, business auto, workers compensation)
- Excess Liability – including failure to supply
- Excess Workers Compensation
- Executive Risk (directors & officers, fiduciary liability, crime, special crime)
- Property / Boiler & Machinery – including business interruption/extra expense
- Builders Risk / Construction All Risk (“CAR”) – including Delay in Start Up (“DSU”)
- Nuclear Property & Liability – placement assistance and consulting
- Pollution Liability
- Generation Outage
- Weather Risk
- Cyber Risk
- Credit Risk
- Surety Bonds / Financial Guarantees
