Is anyone able to provide me with a description of Forced Outage Insurance - for a non insurance person. Ta!

Question

Looking at forced outage insurance as a risk mgmt solution for a hydroelectric power generation plant. Not sure how insurance works, what triggers it and how it dovetails with any Business Interruption cover. Thank you.

Answer 1

You need to speak to an insurance agent that specializes in this area.   Most insurance agents have no idea how to answer your question.     Speak to a licensed insurance agent about this important coverage.