Insurance for the unexpected.
Reassurance for everything else.
NEIL (Nuclear Electric Insurance Limited) is a mutual insurance company guided by a set of steadfast principles. Decades of proven financial success have given us unequaled leverage in the industry. With our financial strength in their corner, our Members have peace of mind knowing if something goes wrong, they’ll be back up and running in as little time as possible.
Some of the areas of impact we insure:
- Coverage for damages caused to the physical property
- Decontamination expenses incurred at these sites stemming from nuclear contamination
- Other risks of direct physical loss at the sites
- Certain premature decommissioning costs
- The costs associated with specific long-term interruptions of electricity supply
We believe nuclear power is a vital energy solution.
At NEIL, our Members are our partners. They have a vested interest in our success, since together we can help build each other’s financial growth. We promote the importance of safe, clean nuclear power by embracing this mutuality, and constantly striving for excellence in insurance and loss prevention.
Our Guiding Principles
As a way to reinforce our company’s ideology, we conduct business by a set of principles. It’s our Mission in plain terms. We live by these declarations every day.
Prioritizing equitable treatment of our Members, employees, and all representatives of our company. We share in the successes of one another.
Ensuring a culture of accountability and respect, to foster strong relationships throughout the organization, and in our daily interactions.
Maintaining the financial strength to cover two full-limit losses, and personnel strength that fosters diversity and growth.
Promoting industry risk-management and safety practices, and carry that same sense of company pride and care into everything we do.
Prudently pursuing opportunities that benefit our Members and partnerships - this includes community outreach, and environmental leadership.
NEIL Services Inc. was formed in 1981 to provide loss prevention and claims services to NEIL and our Members. NEIL Services’ Loss Prevention Engineers conduct Boiler & Machinery and Property/Fire Protection loss control evaluations and project risk reviews for our Members’ nuclear power generation sites, and other loss prevention services that support the Company’s nuclear insurance programs. The Loss Prevention Engineers perform similar services to support the specialty insurance programs written by Cedar Hamilton Limited and NEIL.
NEIL Services’ Claims staff provides claims evaluation and management services to NEIL, NEIL Overseas dac. and Cedar Hamilton.