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Designing a new insurance policy for industries to cover losses due to voltage sag

Author

Listed:
  • Shankar Deep
  • D.K. Jain
  • Surender Dahiya

Abstract

With the growth of industries, quality and reliability of power supply is most important factor. It is the responsibility of energy service provider to supply uninterrupted and fault free power to the consumers. They should have to insure the damage to the property of consumers due to power disturbances mainly due to voltage sag. This paper proposes a new insurance policy to cover the losses occur due to voltage sag in the industries by calculating expected number of trips using Poisson distribution method.

Suggested Citation

  • Shankar Deep & D.K. Jain & Surender Dahiya, 2015. "Designing a new insurance policy for industries to cover losses due to voltage sag," International Journal of Business Continuity and Risk Management, Inderscience Enterprises Ltd, vol. 6(2), pages 112-120.
    • Handle: RePEc:ids:ijbcrm:v:6:y:2015:i:2:p:112-120
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