OSW Risk Management, Insurance & Marine Warranty Surveying
Price
Duration
$950
1-Day
Dates
On demand - Enroll now
Format
Course Status
Virtual (Live)
Open
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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 provides 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 practical application of the knowledge gained.
This course takes place from 9am to 5:30pm EST.
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 practical application of the knowledge gained.
This course takes 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
Study the contractual frameworks and legal obligations associated with risk management and insurance, 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
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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.
Project Developers & Owners
Supply Chain Companies
️ Insurance Professionals
Risk Managers
Marine Warranty Surveyors
Offshore Wind Project Managers
Energy & Financial Analysts
Regulatory & Compliance Experts
Legal Professionals in Renewable Energy
Course Curriculum
C1
Introduction to Risk Management
▼
– Understanding the history of insurance
– Exploring the insurance marketplace
– Navigating the insurance acquisition process
– Fundamentals of risk management
– Diving into risks and perils
– Examining different types of risk management
– Exploring the insurance marketplace
– Navigating the insurance acquisition process
– Fundamentals of risk management
– Diving into risks and perils
– Examining different types of risk management
C2
Offshore Wind Risk Management
▼
Risk Management for Project Owners
– Defining a risk profile
– Asset insurance
– Liability insurance
– Revenue insurance
Risk Management for Supply Chain Companies – Establishing a risk profile
– Asset insurance
– Liability insurance
– Asset insurance
– Liability insurance
– Revenue insurance
Risk Management for Supply Chain Companies – Establishing a risk profile
– Asset insurance
– Liability insurance
C3
Marine Warranty Surveying
▼
– Overview of loss prevention
Areas of Assurance Review – General considerations
– Vessel assessments
– Module evaluations
– Piling inspections
– Installation safety
– Assessment of pipelines & cables
– Ensuring inshore completion
Areas of Assurance Review – General considerations
– Vessel assessments
– Module evaluations
– Piling inspections
– Installation safety
– Assessment of pipelines & cables
– Ensuring inshore completion
C4
Claims Management Process
▼
– Understanding the claims management lifecycle
– Roles and responsibilities in the claims process
– Best practices for successful claims resolution
– Roles and responsibilities in the claims process
– Best practices for successful claims resolution
C5
Case Study
▼
– Real-world application of risk management, insurance, and MWS concepts
– Analysis of an offshore wind incident or project scenario
– Lessons learned and practical takeaways
– Analysis of an offshore wind incident or project scenario
– Lessons learned and practical takeaways
The course outline is subject to change. A detailed agenda will be shared after enrollment.
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.
Course Instructors
Benjamin A. Brown
Client Advisor, Marsh
Ben brings more than 12 years of technology and project development experience across the offshore wind, marine hydro kinetic, aquaculture, and renewable biofuel industries. He previously worked on behalf of the Business Network for Offshore Wind, consulting with companies on technology commercialization, supply chain entry, and project development, while also advising federal agencies and state governments on the impacts of policy and regulation. Before entering the insurance field, he operated as a project development professional who helped start-ups, non-profits, and growing companies develop over $100 million in projects.
Sean Murphy
Renewables Manager, ABL Group
Sean is a Chartered Engineer who leads ABL's renewable energy projects and market growth within the US. He is experienced in renewables marine warranty surveying (MWS) and has 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, and 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, OPEX modelling, and project management. With over 10 years of experience in engineering and marine/offshore surveying, Sean is also experienced in expert witness cases and research into loss prevention and claims mitigation initiatives.
The course outline is subject to change and a detailed agenda will be shared after enrollment.
For all relevant student information on this course, such as the refund and cancellation, data protection policies, and more, please see the Student Info page below.