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biomass insurance

We're here to help with your 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. We do more than sell insurance.

  • It's not just what we know; it's who we know
    We'll work with specialist insurers to find specialist biomass insurance that's right for your business.
  • Supporting your claims
    Our in-house claims team will be on hand to guide you through the claims process, should you need us.
  • Saving you time
    You're working hard running your business, so leave the research to us.

How our biomass insurance team can help you

Because we understand your business's challenges, we find ways to manage risks and arrange cover to protect your business – whatever role it plays in the biomass sector: building, landownership, funding, project management, contracting, manufacturing and distribution.

As the Renewable Energy Association's appointed insurance broker, you can be confident your biomass insurance is in good hands.

Biomass insurance cover we can offer when building your project

We'll manage the risks associated with the construction stages of your project, as well as arranging the correct levels of cover to protect your business:

  • contractors all risks insurance that includes contract works insurance
  • delay in start-up and advanced profits insurance
  • goods in transit insurance/marine insurance
  • owner controlled insurance programmes (OCIP)
  • public liability insurance
  • professional indemnity insurance
  • employers liability insurance
  • environmental liability insurance
  • legal expenses.

 

Biomass insurance for day-to-day risks

Once your business is up and running, you'll need cover to protect against everyday operational biomass risks, such as fire and internal combustion:

  • all risks insurance cover for your plant and equipment
  • breakdown cover
  • loss of revenue insurance (business interruption cover)
  • public liability insurance
  • legal expenses.

Protecting your renewable energy investments

The UK’s renewable energy sector faces uncertainty and changes. From targeted net-zero emissions by 2050, to concerns around new technologies. Our renewable energy eBook explores how key organisations are working together to help the industry grow by ensuring long-term insurance protection.

Renewable energy project insurance

Planning a bigger project?
Whether this is your first project, or you are an experienced investor, getting insurance cover and mitigating the risks should be a priority during the planning process. We can advise on key areas of company risk to help reduce claims and business disruption.

Frequently asked questions

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 leaving you severely exposed.
Q
Why would I need business interruption insurance when I have a warranty?
A
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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