- By Alex Taylor
- 21 July 2020
The Insured, a publicly traded energy service contractor specialising in fluid and water management as well as gas compression services, wanted to consolidate some of its coverage as well as explore risk retention options.
Working closely with the US retail broker Miller combined the Insured’s mobile equipment and compressor programs, which were previously separate. This was quoted under our recently launched exclusive Contractor’s Plant & Equipment facility. The Miller quote provided alternative deductible options for the Insured to consider, including an Annual Aggregate Deductible (AAD) option, which produced significant premium savings and was ultimately taken up.
Miller’s Contractor’s Plant & Equipment facility provides A+ security rated Lloyd’s capacity for physical loss or damage to owned or leased mobile equipment. This cross-industry facility offers a broad policy wording, flexibility around the type of asset that can be covered and a quick turnaround on quotes.
The facility is designed for equipment owners, including contractors, subcontractors, lenders and others operating in the following industries: energy, natural resources, environmental services, industrial services, infrastructure and construction.
Energy, power and natural resources
