Professional Insurance Solutions

Comprehensive Machinery Insurance (CMI) — for Power Plants

End-to-end protection for generation assets. CMI combines property damage, machinery breakdown, and business interruption into one program—so failures or accidents don’t derail output, PPAs, or debt covenants.

Target clients

  • Independent power producers
  • Utilities
  • O&M/EPC operators of thermal (coal, gas/CCGT, biomass, WtE), hydro, and large CHP plants
  • Grid-connected captive plants in industry parks

Core protections

  • Material damage to boilers, turbines, generators, transformers, switchyard/SBoP, cooling towers, fuel & ash handling, water/steam systems, control & protection, buildings, and critical spares from fire, explosion, NATCAT, impact, theft, etc.
  • Machinery breakdown from sudden internal failures (mechanical/electrical/electronic), including vibration, fatigue, surge/short-circuit, lubrication failure, and operating error.
  • Business Interruption: loss of gross profit/revenue and standing charges following insured property/MB events, plus increased cost of working to shorten downtime.
  • Debris removal, expediting expenses, professional fees, testing after repair (as specified).

Add-on protections

  • MLOP (MB-BI) by unit/Block; interdependency across units/trains; auxiliary transformers & GIS/Switchyard buy-ups.
  • Boiler & Pressure Vessel, extended breakdown for large transformers, and EEI for DCS/SCADA.
  • Transmission line & switchyard extensions, contingent BI from utilities/suppliers, and terrorism/NATCAT limit buy-ups.
  • Marine cargo + erection cover for major overhauls, spare rotors, and critical-spares floaters.
  • Third-Party/Public liability, environmental impairment (sudden/accidental), and lender/financier clauses.

Results you can expect

  • Faster recovery from outages; protected EBITDA and cash flow.
  • Stronger bankability and covenant compliance for project finance.
  • Stable generation to meet PPA/dispatch commitments.
  • A single, coordinated policy that closes gaps between Property, MB, and BI.

Vietnam Legal Requirements

CMI as a package is not compulsory by law. However, many power facilities fall under Compulsory Fire & Explosion insurance, and statutory inspection/certification of boilers/pressure systems is required. Lenders frequently require BI/MLOP limits sized to debt service.

Property & Casualty Insurance

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