Reliable and efficient energy generation we need.
An opportunity to fuel the world is in our hands. As we shift away from fossil fuels, leaning into producing more nuclear power provides an effective solution to meet increasing demand.
Canada plays a critical role in nuclear power generation — helping to power not only our home but the whole world. As of 2019, approximately 75% of Canada’s uranium production is exported for use in nuclear power generation throughout the world. Contributing $17 billion to the Canadian economy every year, the nuclear industry is crucial to our energy supply and our economy.
Nearly 15% of Canada’s power is produced by nuclear energy. It’s clear the nuclear power industry in Canada has much to offer. While nuclear power generation has proven to be safe and effective, all heavy industries carry risks. Accidents, property damage, environmental damage and more need to be accounted for with risk mitigation practices and insurance.
The costs associated can arise from damage to property, emergency response, environmental remediation, evacuation, lost production, fines and court claims. Due to the large and complex nature of nuclear power plants, accidents on site tend to be relatively expensive.
The nuclear industry works in collaboration with other industries such as transportation, mining, medical isotopes, waste management and others to gather materials needed to generate nuclear power and deliver it. Our nuclear insurance expertise extends to these supporting industries, providing tailored solutions across the nuclear supply chain. Speak to our experts today to learn how we can help supporting industries mitigate risk.
NFP provides dynamic solutions to today’s nuclear energy challenges. We work closely with your operation to understand the aspects of your work that make you unique and prepare you for those risks and exposures both known and yet to come.
Nuclear Insurance Experts
Our specialists are ready to assist with proven and emerging nuclear technologies:
- Mining, milling, refining, conversion, fuel fabrication, enrichment
- Power generation
- Transportation
- Waste management
- Large scale nuclear reactors
- Small modular nuclear reactors
We work with developers, owners, investors, manufacturers and contractors to implement effective nuclear risk management strategies and customized insurance programs with optimal terms and conditions.
As the industry evolves, we’re here to act as an advisor and advocate who partners with you along the way. Your dedicated NFP team provides personalized service and a client-focused approach to help you succeed and achieve your goals.
Our deep knowledge of the nuclear energy industry enables us to identify and manage risk, explore all coverage options, and tailor specific policies to fit your ever-changing needs. We’re ready to address your risk challenges through all project phases: development, construction and operation. Take advantage of our nuclear industry expertise and put us to work for you.
- Automobile
- Builders risk
- Business interruption
- Casualty
- Environmental exposures
- Financial and executive risk
- General liability
- Natural catastrophe
- Operational risk
- Professional liability
- Property
- Surety
- Transit liability
- Umbrella/excess liability
Let’s build for the future, together.
Secure your high-stakes operations with specialized nuclear risk solutions.
