Aon releases water utility insurance offering
Anglian Water has purchased Aon’s insurance product for water utility companies, Water Resilience Insurance.
Aon said that Water Resilience Insurance provides compensation not only in the event of malicious water tampering, accidental contamination and extortion, but takes into account real-life scenarios not typically covered. This can include costs involved when a 'boil notice' or 'avoid consumption notice' have to be issued, and the subsequent losses to a water utility including goodwill payments and alternative mass distribution including providing bottled water to vulnerable customers.
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