Energy and utilities

A schedule in this class that does not show one of these raises the finding "usually held in energy and utilities, not on this schedule". Absence is a question, not a fault: the cover may sit inside another policy or have been declined on purpose.

• Property
  Physical loss of or damage to your buildings, plant, stock and contents from fire, storm, water, impact, theft and the other insured perils, up to the sum insured.
• Business interruption
  The gross profit or revenue you lose, and the extra cost of keeping the business going, while property damage stops or slows you, for the indemnity period the policy states.
• Public liability
  Your legal liability to third parties for injury or property damage arising from your premises and operations, and in the AU and UK combined form for the products you sell.
• Machinery breakdown
  Sudden and unforeseen mechanical or electrical failure of plant and machinery, the repair or replacement cost, and where extended the profit lost while it is down.
• Environmental and pollution liability
  Clean-up costs, third-party injury and damage, and defence costs arising from pollution conditions at, from or caused by your sites and operations, including the gradual pollution most liability policies exclude.
• Workers compensation (statutory)
  Medical costs, weekly payments and lump sums for employees injured at work or made ill by it, under the scheme of the state or country where they are employed.
• Commercial motor
  Damage to the vehicles you own and operate, and your liability for damage to other people's property caused by them; bodily injury sits under the compulsory third party scheme in AU and under the motor policy in the UK and US.
• Directors and officers
  Defence costs and damages when directors, officers and (under management liability) the company itself are pursued for a wrongful act in managing the business: regulators, shareholders, creditors, employees.
• Cyber
  Your own costs after a security incident (forensics, notification, restoration, business interruption from a network outage, extortion) and your liability to others for the data and systems you failed to protect.

Raises the finding "often needed in energy and utilities and often lacking, not on this schedule". Worth a written answer either way, so a retained exposure is a recorded decision.

• Terrorism
  Property damage and business interruption caused by an act of terrorism, which the standard property policy excludes; in AU a statutory pool reinstates it, in the UK a mutual, in the US a federal backstop.
• Contract works
  Physical damage to the works under construction, materials on site and in transit, temporary works and existing structures, for the contract period and defects period the policy states.
• Contractors plant and equipment
  Loss of or damage to owned and hired-in mobile plant (excavators, forklifts, cranes, generators) on site, in transit and in storage.
• Political risk
  Loss of an overseas investment, contract or receivable through confiscation, expropriation, nationalisation, currency inconvertibility, political violence or a government's refusal to honour a contract.
• Employment practices liability
  Defence costs and damages for claims by employees and applicants: unfair or wrongful dismissal, discrimination, harassment, bullying, breach of employment contract.
• Statutory liability (fines and penalties)
  Defence costs and, where the law allows them to be insured, fines and penalties for unintentional breaches of statute: workplace safety, environmental, consumer and corporations law.

Check your schedule against this class

Paste the schedule with a first line industry: energy and utilities, or pick the class from the list, and the register names the lines from these two tables that the schedule does not show, beside the arithmetic on every line it does. Six lines free, no account.