OSW Risk Management, Insurance & Marine Warranty Surveying
Price
Duration
$950
1-Day
Dates
Spring Session: May 15, 2025
Fall Session: On demand - Enroll now
Format
Course Status
Virtual (Live)
Open
OSW Risk Management, Insurance & Marine Warranty Surveying
This comprehensive one-day course delves into the essential aspects of risk management, insurances, and marine warranty surveying within the offshore wind energy sector. Participants will gain in-depth insights into the history and functioning of the insurance industry, the acquisition process for insurances, and the fundamentals of risk management. The course will provide a nuanced understanding of risks and perils specific to offshore wind projects, both from the perspective of project owners and supply chain companies.
In the marine warranty surveying section, participants will explore loss prevention strategies and the areas of assurance review. The course culminates with an examination of the claims management process and real-world case studies to illustrate the practical application of the knowledge gained.
This course will take place from 9am to 5:30pm EST.
Course Learning Objectives:
- Comprehend the fundamental concepts of risk identification, assessment, and mitigation specific to the offshore wind industry
- Gain insights into various insurance products relevant to offshore wind projects, including coverage types, policy structures, and claims processes
- Understand the responsibilities of Marine Warranty Surveying in overseeing marine operations, ensuring compliance with safety standards, and mitigating risks during transportation and installation phases
- Study the contractual frameworks and legal obligations associated with risk management and insurance in offshore wind projects, including liability issues and dispute resolution
- Learn about the development and implementation of emergency response plans, safety procedures, and incident management strategies to protect assets and personnel
- Apply risk management strategies throughout the project lifecycle, from design and construction to operation and decommissioning, to optimize performance and ensure project success
What Attendees Think:
“It gave me a general overview and open perspective regarding OSW risk management and insurance. It would be interesting to expand on this course since the industry is facing financial risk from various supply chain issues. The industry needs these learning programs to better understand how powerful and useful these tools are in making project execution smoother.”
– Miguel L. CEO, Chekea-STO
Who Should Attend:
This course is tailored for a diverse group of professionals involved in or impacted by the offshore wind industry, including:
– Project Developers and Owners
– Supply Chain Companies
– Insurance Professionals
– Risk Managers
– Marine Warranty Surveyors
– Offshore Wind Project Managers
– Energy Analysts
– Financial Analysts
– Regulatory and Compliance Experts
– Legal Professionals in Renewable Energy
– Individuals interested in deepening their understanding of risk management and insurance in offshore wind
This course caters to a broad spectrum of professionals seeking to navigate the intricate landscape of risk management, insurance, and marine warranty surveying in the offshore wind energy sector.
Course Outline:
Module 1: Introduction to Risk Management
1.1. Understanding the History of Insurance
1.2. Exploring the Insurance Marketplace
1.3. Navigating the Insurance Acquisition Process
1.4. Fundamentals of Risk Management
1.5. Diving into Risks and Perils
1.6. Examining Different Types of Risk Management
Module 2: Offshore Wind Risk Management
2.1. Risk Management for Project Owners
2.1.1. Defining a Risk Profile
2.1.2. Asset Insurance
2.1.3. Liability Insurance
2.1.4. Revenue Insurance
2.2. Risk Management for Supply Chain Companies
2.2.1. Establishing a Risk Profile
2.2.2. Asset Insurance
2.2.3. Liability Insurance
Module 3: Marine Warranty Surveying
3.1. Overview of Loss Prevention
3.2. Areas of Assurance Review
3.2.1. General Considerations
3.2.2. Vessel Assessments
3.2.3. Module Evaluations
3.2.4. Piling Inspections
3.2.5. Installation Safety
3.2.6. Assessment of Pipelines & Cables
3.2.7. Ensuring Inshore Completion
Module 4: Claims Management Process
Module 5: Case Study
Course Completion Certificate:
Upon completing at least 50% of the course and achieving a minimum passing score of 50% on a post-course assessment, participants will receive a course certificate valid for three years. This certificate verifies that the essential learning outcomes of the course have been met. While not mandatory, this certification is currently undergoing an accreditation process to further enhance its value, allowing it to be used for job applications, promotions, and professional license renewals, such as the PE (Professional Engineer) license.
Course Instructors:
Benjamin A. Brown
Client Advisor, Marsh
Mr. Brown brings more than 12 years of technology and project development experience to INpower from the offshore wind, marine hydro kinetic, aquaculture, and renewable biofuel industries. Prior to joining INpower, Mr. Brown worked on behalf of the Business Network for Offshore Wind where consulted with companies on technology commercialization, supply chain entry, and project development needs; while also consulting with federal agencies and state governments on the impacts of policy and regulation. Before entering the insurance field, Mr. Brown operated as project development professional who helped start-ups, non-profits, and growing companies in the development of over $100 million in projects.
Sean Murphy
Renewables Manager, ABL Group
Sean is a Chartered Engineer and, as Renewables Manager, he leads ABL’s renewable energy projects and market growth within the US. He is experienced in renewables marine warranty surveying (MWS) and has also supported clients from a loss management perspective in investigating numerous incidents involving damage to energy infrastructure equipment. He has provided risk assessments and marine warranty surveys for complex load outs, cable transport and installation, heavy lift project cargoes, and tows. He has carried out analyses for various early-stage fixed and floating offshore wind projects, including T&I strategies, logistics studies, CAPEX estimations, O&M strategy development and OPEX modelling, and associated project management. Working in engineering and marine / offshore surveying for over 10 years, Sean is also experienced in carrying out and coordinating surveys on behalf of various insurance interests (including H&M, cargo, and P&I), acting on behalf of owners in mitigating and investigating losses, providing naval architecture and marine engineering analyses, reporting and testifying in numerous expert witness cases, and conducting research into loss prevention and claims mitigation initiatives.
The course outline is subject to change and a detailed agenda will be shared after enrollment.