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RENEWABLE ENERGY INSURANCE

We're here to help with your specialist renewable energy insurance

It can be pretty challenging to find an insurer that offers the level of cover that's right for your renewable energy business.

We understand this complex industry and the various associated risks: environmental, contractual, supply chain, delivery, construction and operational, so we're able to offer expert advice and arrange the right renewable energy insurance to protect your business.

  • Owner controlled insurance programmes (OCIP) - An OCIP is a collection of different types of insurance designed for your renewable energy project.
  • Specialist cover - We can arrange renewable energy insurance cover that's designed specifically for businesses like yours.

What your renewable energy insurance team can do for you

Our team of specialist renewable energy insurance experts understand this ever-changing industry. We're committed to continually reviewing our products and the service we offer to help businesses like yours.

By taking time to assess your individual needs, we'll explore the renewable energy insurance market and arrange the cover that's right for your business. .

How you benefit from having an OCIP

An OCIP puts you in control. As well as managing your claims and setting excess levels that work for your business, it could also help you better manage your risks which in turn can reduce the cost of your premiums.

An OCIP may include:

  • erection all risks cover
  • delay in start-up cover
  • marine and cargo cover
  • public and employers’ liability.

In addition to the OCIP you will also need to consider:

  • directors' and officers' liability
  • environmental liability.

We're the insurance affinity partner for the Renewable Energy Association and the Anaerobic Digestion and Bioresources Association because of our expertise and knowledge of the renewable energy sector.


We support specialist renewable energy sectors

We're a specialist renewable energy insurance broker. Besides offering professional advice, our renewable energy insurance expert team will arrange cover for the areas you need:

  • solar farm insurance
  • wind farms insurance (on and offshore)
  • hydro plant insurance
  • anaerobic digestion and biogas plant insurance (AD)
  • biomass plant insurance
  • geothermal
  • battery energy storage systems (BESS)
  • combined heat and power units
  • waste to energy
  • district heat networks
  • electric vehicle charging networks
  • gas filling stations
  • decommissioning covers
  • legal indemnity cover, including abortive planning cover.

Anaerobic digestion insurance

We know anaerobic digestion is a complex and specialist market. We understand the challenges and risks your business faces – from the planning stages to being fully operational.

Wind Turbine insurance

We understand the specialist wind energy industry and the risks and opportunities your project faces when supplying renewable energy.

Battery energy storage insurance

Battery energy storage systems are now at the forefront of the UK’s renewable energy mix with the technology being a key factor in maintaining power supply and avoiding outages at peak times of power usage in the UK. We can arrange insurance for battery energy storage projects of any size.

Solar insurance

Whether you are an installer, investor, funder or project manager of a solar project we can offer bespoke insurance cover for both the construction, erection and operational phase of your solar project

Biomass insurance

One of the key goals set out in the government's 25-year environment plan is to eliminate avoidable waste of all kinds by 2050. Biomass plays a significant role in this journey, and we can support you.

EV charging point insurance

The Charging Infrastructure Investment Fund has created opportunities for companies to invest in electric vehicle (EV) charger installation throughout the UK. As specialists in EV charger installation insurance, we’re here to support it.

Hydro

We can provide hydro insurance cover from planning through to the site being fully operational.

Marine insurance

Looking for innovative and tailored marine renewables insurance to cover your business against on and offshore risks?

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 advice, construction and operational insurance programs to protect your investment.

Frequently asked questions

Q
What specialist sectors do you cover?
A

Whatever you do in the sector, our experience enables us to negotiate competitive insurance and risk management solutions focused on your needs.

The sectors we can cover are:

Q
Doesn’t my business insurance cover equipment?
A
Some business insurers provide basic material damage cover for equipment, but it rarely provides cover for loss of revenue or breakdown cover potentially leaving you severely exposed.
Q
Why would I need business interruption insurance when I have a warranty?
A
Whilst a warranty will cover labour and parts that are faulty and need repairing or replacing, it will not cover the loss of income caused by the plant not running at its normal capacity should there be, for example, a delay in your plant being repaired.
Q
Are you able to provide cover under one policy through construction into operation of the plant?
A
Possibly, but this may depend on the current insurance market conditions. Insurers prefer to be involved as early as possible. Involving an insurer from the outset clearly benefits your project as:

1. they will understand your plant; and
2. 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.
Q
Can you help me understand and meet funders’ requirements and clauses?
A
Yes, we have over 15 years industry experience and understand funder requirements and can provide the advice and insurance programme conditions required.

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