assurance for regulated utilities - Property Coverage
Wortham’s opinion is that Public Power is incorrectly underwritten within the general “Power Generation” occupancy. As a result, Public Power does not receive the benefit of its superior risk profile (Experienced Operators, Richer Maintenance Programs, Tort Protection). The goal of the Wortham Power Team is to hammer home these differences to significantly reduce insurance costs.
Insurance Program Specifically for Regulated/Public Utilities
Combine Purchasing Power to Leverage Rates and Terms
No Sharing of Limits or Deductibles
Distinguish Regulated/Public from Private Power Generation
Full Terrorism Placed on Separate Policy (Less Expensive)