tailieunhanh - Electricity Infrastructures in the Global Marketplace Part 16

Tham khảo tài liệu 'electricity infrastructures in the global marketplace part 16', kỹ thuật - công nghệ, cơ khí - chế tạo máy phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Energy Issues under Deregulated Environment 719 E. Advance Loss of Profits ALOP ALOP cover is usually used to protect anticipated revenue from projects when their completion has been delayed. This cover is beneficial when construction work or machinery or equipment is delayed . for a new power plant or transmission lines. Anticipated revenue from the electricity generation can be recovered from the insurance company. The claim amount is difficult to calculate since no past income figures are available. This policy terminates when construction has been completed. . to protect an operating plant from loss of anticipated income a BI policy is required. ALOP can be part of a Construction All Risks CAR or Erection All Risks EAR policy. F. Sabotage and Terrorism This cover is excluded in many insurance covers especially in property policies. Only a few insurers are offering this cover which can protect against Malicious Damage terrorism Mutiny Revolution Strikes and War and protects Property BI CAR and PD. UK insurers will reinsure terrorism cover with the Pool Re insurance scheme. Pool Re will ensure that terrorism insurance availability for commercial property would continue after the withdrawal of reinsurers from the market. The HM Treasury is the reinsurer of last resort for Pool Re in the event that all funds are exhausted. Similar State Compensation Funds have been set up in the US. G. Directors Officers D O Directors and Officers policies will protect director s personal assets from claims to the organization. In UK law companies are allowed to indemnify director s legal costs if they have been found not guilty. Such costs can be recovered from a D O policy. H. Nuclear Cover Operators of nuclear power plants in the EU are liable for any damage caused by them regardless of fault. Their liability is limited by both international conventions and by national legislation so that beyond their financial limit the 1998 Paris Brussels Convention dictates how claims .