Marsh Canada’s Power and Utilities Practice focuses on industry-specific needs allowing us to provide customized client solutions.

As a power and utilities client of Marsh Canada, you are drawing from the full breadth of Marsh & McLennan Companies’ expertise and service solutions. Marsh has built its business model around practices dedicated to industry specialization.

Marsh’s Power and Utilities Practice provides risk management solutions based on in-depth knowledge of the risk exposures facing corporations in Canada—and around the world.

Your key business issues may include:

• Business Continuity/Crisis Management
• Change Management
• Claims Management
• Environmental Liability
• Executive Risk
• Mergers and Acquisitions
• Price Volatility
• Property Loss of High Value Equipment
• Security/Terrorism
• Trade Credit
• Weather Risk
• Workforce Planning
• Workforce Safety and Occupational Hazards

And a host of other emerging issues given the rapidly changing global business environment. Here are a few examples of how your Marsh Canada advisor can keep your business ahead of the risk curve:

Business Continuity Planning (BCP)

Today organizations are at risk from potential disasters that include natural disasters, sabotage and terrorism, power disruptions, environmental accidents, cyber attacks, and pandemic. It is crucial, for the organization and the public, that power and utility companies maintain stability in a crisis situation and regain operations as quickly as possible. Marsh’s certified BCP specialists take a holistic approach to reducing risk, while intertwining business continuity planning, emergency response and crisis management to develop solutions that effectively meet the needs of our power and utility clients.

Change Management

Power and utility companies face an array of issues that involve change—including commercialization, privatization, deregulation, and competition. Consistent with change is the need for risk management. This requirement is clearly stated in the TSX Group guidelines which hold boards accountable for “identification of the principal risks of the… business, ensuring the implementation of appropriate systems to manage these risks.” In collaboration with our sister company, Mercer Oliver Wyman (MOW), Marsh works with our power and utility clients to systematically identify critical risks, quantify their effects, and implement integrated risk management strategies to maximize enterprise value.

Property Loss of High Value Equipment

The power and utilities industry is particularly susceptible to loss or breakdown of high value equipment as items can be difficult to repair and hard to quickly replace (e.g., generators, turbines, photovoltaics, switchgear, etc.) Marsh Risk Consulting performs property loss inspections to mitigate loss to key facilities and equipment. Marsh also has a Machinery Risk Solutions Practice (equipment breakdown) team that specializes in assessing the exposure of power and utility clients and helping to ensure adequate protection through both risk transfer and non-risk transfer strategies.