Renewable Energy Insurance
Providing support and specialist knowledge in the field of renewable energy.
Work with a broker for a thorough understanding of your unique needs
Renewable Energy Insurance is a growing part of the UK insurance market. Onshore and offshore wind farms are going from strength to strength, and experts believe alternative energy can make up for the lost power from abandoned nuclear energy projects. But because the industry is still relatively new (certainly in the insurance world), many insurers do not fully understand the finer details of this exciting and growing sector – leaving businesses like yours dangerously under-protected.
Our team combines personalised support, tailored insurance solutions and access to a range of products designed to meet the specific needs of your project.
- Anaerobic digestion
- Geothermal
- Battery storage
- Waste to energy
- Hydro plant
- Biomass plant
- Micro hydroelectric
- Solar & wind farms (onshore & offshore)
We have access to market-leading risk management solutions including a knowledge store, risk templates and e-learning options for onshore and offshore renewable energy projects including solar and wind farms, biomass and hydro. Should you need to make a claim we will support you through the claims process and provide guidance in the event of HSE or EA action.
| Does renewable energy insurance cover against lost income if our operation goes offline? |
| If the cause of the operation going offline is insured and you have business interruption in place then you’ll be covered for all relevant losses. |
| What if I change my activities or grow in size? |
| As your activities and organisation grows and changes we will evaluate how this impacts your insurance and adjust your policy to meet your new needs. |
| I’ve secured a renewable energy project, am I required to have insurance? |
| If you’ve got employees / labour only subcontractors operating under instruction you are required to have necessary cover. If you don’t, cover is not essential although some contacts may require it. |
| Worker Accident – One of your employees is injured as a result of their work. The employee decides to bring a claim against the organisation for the injury they suffered which if successful could cost the organisations tens of thousands of pounds. |
| Fortunately the organisation had employers’ liability insurance included within their renewable energy policy, meaning we could respond to any claim which would be covered. |
| Employers’ liability insurance may help cover legal defence costs and compensation awarded against the business, subject to the policy terms, conditions and limits. |
| Product Efficacy – A contractor installs a product which fails to perform as intended causing disruption and forcing the business to temporarily cease trading. |
| Where products efficacy cover is included, the policy may help with defence costs and certain liabilities arising from claims, subject to the policy terms, conditions and exclusions. |
| Directors Mistake – A companies sensitive customer data is accidently posted online due to an error by the directors. As a result both the ICO and the individual customers seek to claim compensation for the loss of sensitive data. |
| With D&O insurance in place the company may be covered for legal costs, fines and compensation as a result of the breach of the duty of trust. |
| These examples are provided for illustrative purposes only. Cover is subject to the policy terms, conditions, exclusions and limits. The circumstances of each claim will be considered individually by the insurer. |
