Willis, a WTW business, has introduced a comprehensive insurance suite tailored for the carbon capture and storage (CCS) value chain. The solution covers the entire project lifecycle, including CO2 capture, transport, and long-term storage, addressing risks that often make these projects difficult to finance. The coverage includes protection against physical asset damage, business interruption, and liability for CO2 leakage or plume migration. It also provides financial safeguards for operators facing penalties under carbon credit and offtake agreements, helping first-of-a-kind technologies achieve bankability.
