Renewable Energy Insurance

Protecting the financial health

of PEOPLE and BUSINESS
Oh, it shouldn’t have
happened
Cases.
Cases. Examples
Examples.

Modules were damaged

by fire
Cases.
Examples.
Cases.
Examples.

Damage due to
icing

Canada,
Québec
Cases.
Cases. Examples
Examples.

Modules were
damaged by wind

The Kurnool Solar Park,

India
Cases.
Examples

Modules were
damaged by a storm

US Virgin
Islands
Cases.
Examples

Modules were
damaged by hail
Cases.
Examples

Theft
Huge losses and
their causes
400
Misuse
350
defective material and faults in
300 erection (human factor)

falty design
The data is based on 250
the information
provided by IMIA 200 fire risks
participating countries
150
explosion

100
natural disasters
50

other causes
0
2013 2014 2015 2016
Insurance coverage

All risk / PD (incl. MB + EEI) and Advanced

BI) PVI (incl. terrorism)
Property insurance “all risks” and coverage
business interruption
CAR / EAR + ALoP
Compensating not only the amount of
CAR / EAR direct loss but also lost profit
Construction and erection risks
insurance PD (incl.MB + EEI) and BI) + MLoP
Basic Coverage of less profit through the accidental and
unforeseen physical effect on mechanical equipment
coverage due to failures during use

Cargo – ICC A/all risk Project Cargo

Cargo insurance against all Offsetting the cost of cargo and possible losses
risks from business interruption.
Basic coverage

Cargo – ICC A/all risks

Cargo insurance against all risks

Damages due to loading, unloading

Total loss due to accident, container

line accidents, (fire, general average)
Basic protection
Basic coverage

CAR / EAR
Construction and erection risks
insurance

The use of substandard materials and

design errors.

Errors during the construction work,

erection, connection
Базовий захист
Basic coverage

All risk / PD (incl. MB + EEI)

and BI)
Property insurance against “all
risks” and business interruption
insurance

• External physical influence

• Machinery breakdown

• Loss of profit
Advanced
Advanced protection

coverage

Project Cargo

Compensating not only the cost of

cargo but also possible losses from
business interruption in a case of
damage to cargo (turbines) during
transportation, that leads to delay in
start-up.
Advanced
Advanced protection

coverage

CAR / EAR + ALoP

Compensating not only the amount of

direct loss but also lost profit in a case
of occurrence of insured event during
the construction and erection works
that delays in commencement of
commercial operations.
Advanced
Advanced protection

coverage

PD (incl. MB + EEI) / BI +
MLoP

Coverage of loss of profit through the

accidental and unforeseen physical
effect on mechanical equipment due to
failures during use.
Advanced
Advanced protection

coverage

PVI (incl. terrorism)

Terrorism, sabotage, strike, riot, civil

commotion, malicious damage,
insurrection, revolution and rebellion,
war and/or civil war.
Insured solar
station

72 MW MW

MW MW
The total capacity of the MW
insured solar stations
MW

≥406 МW
MW MW MW
MW MW MW
MW MW

MW

MW MW
MW
Reliable
reinsurance

The additional coverage in

companies rated A- and above
(S&P, A.M. Best) under the
current multi risk treaty

$100 000 000 +

About company
INGO Ukraine
Compulsory and voluntary risk insurance
of legal entities and individuals
(28 licenses)

Since 2017 the shareholder

of INGO Ukraine is
Ukranian Business Group:
Medical center
INGO
Multi-discipline clinic
for adults and kids.
37 specialties, dental INGO Ukraine Life
care, pediatrics, Permanent life insurance, pension
laboratory diagnostics insurance, accident and critical
illness insurance
About company

25 years at the Over 750 42 mil USD is the largest Own engineering
28 insurance
insurance market employees compensation paid to the center
licenses
company
Our
contacts

address online

+38 044 490-27-46 facebook.com/INGO.UA

+38 044 490-27-45 /company/ingo-ukraine
Bulvarno-Kudryavska, 33
/ingoukraina
Kyiv, 01054
Ukraine www.ingo.ua

Welcome to
cooperation