RENEWABLE ENERGY INSURANCE
Why do you need a renewable energy insurance specialist?
The unique complexities and challenges of the renewable energy industry means it can be difficult to find insurers to provide the right level of insurance required to protect your business.
We provide expertise and advice across all sectors of the industry, each one has a large variety of environmental, contractual, supply chain, delivery, construction and operational risks.
- Owner controlled insurance programmes
An OCIP is not a policy, but a programme of different types of insurance designed for your renewable energy project.
- Specialist and exclusive policies
We have access to a range of specialist and exclusive insurance policies designed specifically for the renewable energy industry.
- Handling insurance claims
Our renewable energy specialists support our clients through the claims process and can provide guidance should an incident lead to an HSE or EA investigation.
How our specialist renewables experts can help you
We are committed to developing relevant insurance propositions that support this ever-changing industry, offering valuable additional services that provide real benefits to you.
Our insurance solutions often involve a detailed assessment of your insurance risks, establishing cover requirements to meet your precise needs.
Need advice? Our team can help.
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Protecting your renewable energy project
From concept to operation, your renewable energy project is at risk, which could be caused by a lack of adherence to contractual requirements, risk management and supply chain issues. We can provide full contract advise, construction and operational insurance programs to protect your investment.
Meeting insurer requirements
We offer due diligence on the design, construction, and operational controls that insurers expect. We achieve this through forming a tripartite relationship between insurers’ engineers, underwriters and you. Preferably this is at the conception and design phase of your project. If you already have a project underway, we can offer a gap analysis on your current insurance programme.
Benefits of an owner controlled insurance programmes (OCIP)
The benefit of an OCIP is primarily the level of control it gives the policy holder most importantly in terms of claims management and excess levels. It can also reduce your premiums. Policies that can form an OCIP include:
- erection all risks cover
- delay in start-up cover
- marine and cargo cover
- public and employer liability
- directors and officers liability
- environmental liability
- can include the first year operational policy.
Insurance and advice for several specialist renewable sectors
We can provide you with advice on several specialist renewable sectors and can arrange the following solutions:
- Solar farm insurance
- Wind farms insurance (on and off shore)
- Hydro plant insurance
- Anaerobic digestion and biogas plant insurance
- Biomass plant insurance
- Battery storage
- Combined heat and power units
- Waste to energy
Frequently asked questions
Yes. Insurers prefer to be involved as early as possible. Involving an insurer from the outset clearly benefits your project as;
- they will understand your plant; and
- you will be able to factor in loss mitigation controls they require from the outset. It is far more financially viable from a Capital Expenditure (CAPEX) perspective to do this than trying to retrofit which can be extremely costly.
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