Offshore wind serial defects: What is covered and what is not?

In this IIL marine and energy webinar, Paul Lowrie and Max Braslavsky discuss the anatomy of a typical offshore wind defect claim, focussing on the coverage and legal issues that this raises.

With wind turbines increasing in size, moving further offshore and into new territories, offshore wind insurance claims are always changing. However, there are some consistent themes, the most significant of which is the prevalence of serial defect claims.

In this session, the speakers run through the anatomy of a typical offshore wind defect claim, focussing on the coverage and legal issues that are raised along the way. They will start with the discovery of the defect, then consider how a prudent operator will investigate their other assets to see whether they are also affected and mitigate the risk of future losses. Paul and Max will consider what constitutes a defect, and importantly, when a defect turns into damage such as to trigger cover under the construction and operation all risks policy, also the application of typical defect clauses in the context of offshore wind, and how the cover under the policy (including for business interruption) interacts with the guarantees provided by the wind turbine OEM (Original Equipment Manufacturer). Finally, they look at when the Series Loss Clause applies, and what this means in terms of the cover available under the policy.

Learning objectives:

• How offshore wind claims differ from defect claims in other industries
• What protection is available under the guarantee provided by a wind turbine OEM, and how this interacts with the cover available under the policy
• The distinction between defect and damage in the context of offshore wind

Chair: Jake Hannath, Director, MatthewsDaniel

You will be sent a confirmation email shortly after booking. If you have not received this within one hour, please contact Patricia Pedraza (020 7397 3911).

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