Power & Utilities Industry Insurance
Working in the power and utilities industry means dealing with unexpected equipment failures, natural catastrophes, and regulatory hurdles. These challenges can disrupt your revenue, critical services, and stakeholder trust. Comprehensive cover and expert guidance are essential to navigate these risks and maintain operational resilience. Our tailored insurance solutions transform uncertainty into stability, allowing you to focus on innovation, efficiency, and growth.
The Power & Utilities industry faces a broad range of risks, including physical asset damage from natural disasters, revenue loss due to outages, and liability from accidents or cyber incidents. Financial risks from market volatility and regulatory changes also pose significant challenges. Discover our range of insurance coverage below and see how we can help safeguard your power operations.
Insurance products for Power & Utilities
Canopius offers the following insurance products tailored to the power and utility industry:
Our expertise is in insurance solutions
At Canopius, we understand the risks faced in the power and utility industry and have a range of solutions built to support your business.
Accident & Health Insurance
Chemical Insurance
Addresses the specific hazards of chemical production, storage, and distribution. It helps mitigate major financial losses from accidents, leaks, and regulatory non-compliance, keeping your operations on track.
Construction & Engineering Insurance
Provides financial security during project development and ongoing engineering work. This cover safeguards against physical damage or operational failures that may occur during construction, retrofit, or maintenance phases.
Crisis Management Insurance
Delivers swift support when catastrophic events or reputational threats strike. Cover includes expert guidance and cost support, enabling your business to rebound quickly from crises that could otherwise derail daily operations.
Cyber Insurance
Insuring your digital infrastructure from cyberattacks, data breaches, and network security incidents. In addition to legal and recovery expenses, it ensures you have the resources to repair systems and protect sensitive information.
Financial Lines Insurance
General Liability Insurance
Mining & Industrial Property Insurance
Caters to the complex needs of extraction and heavy industry assets. It protects against physical damage, machinery breakdown, and business interruption in resource-intensive operations.
Open Market Property Insurance
Why choose Canopius?
Canopius Syndicate 4444 is the largest in Lloyd's of London with a £2.55 billion capacity
We have built our trust and reputation across the globe offering insurance expertise, from the largest capacity in London to the single largest Lloyd’s syndicate in APAC.
Our reinsurance and US business are tailored to meet your needs as a bespoke insurance provider, offering distribution partners a variety of underwriting platform solutions to suit each client.
More than 20 years of experience
Backed by more than 20 years of experience, we have built a reputation for excellence in power and utilities insurance – delivering tailored solutions that protect your investments and manage complex portfolios.
In 2024, the Canopius Group wrote $3.53 billion (USD) of insurance contract written premium
With a portfolio exceeding $3.53 billion in annual gross written premiums, our syndicate is trusted globally to provide robust and reliable coverage for a diverse range of construction and engineering risks.
Our specialists provide cover for
We tailor solutions for a broad range of organisations operating within the power and utility sector, including:
- Power generation companies
- Renewable energy providers
- Electricity and gas distribution networks
- Water and wastewater utilities
- Industrial manufacturers reliant on power infrastructure
- Infrastructure and engineering firms involved in energy projects
- Large-scale energy storage and transmission operators
By tailoring cover to your specific activities, we address both standard exposures and any unique challenges you may face.
