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RENEWABLE ENERGY LOSS ADJUSTERS

RENEWABLE ENERGY LOSS ADJUSTERS Loss Adjusting

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Page 1: RENEWABLE ENERGY LOSS ADJUSTERS Loss Adjusting

RENEWABLE ENERGY LOSS ADJUSTERS

Page 2: RENEWABLE ENERGY LOSS ADJUSTERS Loss Adjusting

Salvage Services Extensive local market knowledge enables us to advise on the removal and disposal of irreparable renewable energy assets, including ancillary assets (such as cabling), at the highest market prices subject to applicable legislation.

Pre-Risk SurveysWe routinely conduct surveys to identify and assess risks in a detailed and comprehensive manner. We do this using the specialist tools developed through our unique knowledge of the renewable energy sector and our knowledge of local markets. Surveys are not confined solely to physical assets, their location and local geographic and climatic conditions; we also consider industry and local working practices and logistics.

Investors and potential investors in large-scale sustainable energy projects, as well as their insurers and stakeholders, are then able to make objective and expertly informed assessments of the particular assets in question.

Engineering Valuation ServicesOur in-depth knowledge of the highly complex engineering required for renewable energy plants, uniquely qualifies us to accurately cost the components making up these assets.

Our clients can be confident that they have the accurate and appropriate level of policy indemnification when negotiating repair and reinstatement plans.

Loss Adjusting Our expert knowledge of the sector allows us to resolve claims in the most efficient and transparent way possible; ensuring an equitable resolution of losses, the minimisation of claims expenses and the return of assets to operational use in the shortest possible time.

RELA loss adjusters will:

• Investigate the facts and circumstances of the claim• Establish loss causation• Advise on both economic and business interruption losses• Quantify all losses, according to the terms of the insurance

cover available• Provide expert view on policy coverage and opinion on liability• Advise on a settlement/mediation strategy• Recommend loss minimisation measures that ensure the

timely return of assets to operation

Loss Mitigation We provide rapid and practical advice on early mitigation strategy, which is often innovative and aimed at limiting both existing and ongoing losses. Our intimate knowledge of the availability of local engineering and repair facilities as well as the specific market regulatory requirements and practices, means that we can ensure repairs/replacements are undertaken locally, at a competitive price and according to recognised standards.

Our goal is to restore the renewable energy assets to full operation, in the shortest possible time, to the benefit of all stakeholders. Our services give investors’ confidence that the claim amounts should fill any finance gaps and hence not experiencing shortfalls in capital, in the competitive sector.

SERVICES

RELA provides loss adjusting services to insurers of large-scale renewable energy projects as well as risk advisory services for both insurers and investors. The nature and complexity of renewable energy assets requires the expertise of a specialist to ensure claims and risk assessments are handled in the most efficient and cost effective manner.

Since a quick response is vital to understanding the nature of your loss, we rapidly bring together our expert team of loss adjusters, surveyors, engineers, accountants and lawyers, each possessing a wealth of experience and proven track record in dealing with utility scale, onshore and offshore projects. Our global network of advisers is able to provide timely assistance.

We believe in making it simple, providing our clients with a comprehensive “one-stop” solution offering seamless and expert service for the following areas:

Using our first-hand knowledge of the operation of renewable energy assets in local markets, our teams have developed specialist tools to identify and assess risks, thereby enabling us to provide detailed Pre-Risk Surveys tailored to the assets in question.

We offer an international network of adjusters ready to support your needs

• Loss Adjusting• Loss Mitigation• Salvage• Pre-Risk Surveys• Engineering Valuation

Comprehensive experience in renewable energy projects around the world

• Onshore / Offshore Wind• Solar• Bio• Hydro

In-house expertise with proven track record of claims resolution and timely reporting

• Causal Investigations• Revenue Loss Analysis • Damage Estimates

RENEWABLE ENERGY LOSS ADJUSTERS

Page 3: RENEWABLE ENERGY LOSS ADJUSTERS Loss Adjusting

George PooleyHead of Loss Adjusting - BA (Hons) ACII

155 Fenchurch Street London EC3M 6AL

+44 (0) 20 7558 3002

[email protected] | www.re-lossadjusters.com

RENEWABLE ENERGY LOSS ADJUSTERS