marine renewable energy insurance
Here to help with your marine renewables insurance
We know the wave and tidal energy sector is a complex and specialist industry facing significant challenges as it moves towards commercialisation. However it is clear that there is real potential in the UK to develop world-leading technology that will make a huge contribution to the reduction of carbon emissions across the world. The insurance industry needs to play its part in this process and we want to be part of the solution going forward. We understand the challenges and risks your business faces – from the design stages to being fully operational.
We're here to support you, working closely with insurers that understand your market.
- It's not just what we know; it's who we know
We'll work with specialist insurers to find wave and tidal energy 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.
- Strong track record in the sector
We have over 10 years’ experience in the wave and tidal energy industry and have arranged insurance cover for numerous projects across the UK.
How our marine renewables insurance experts can help
Our team of marine renewable energy insurance experts understand the regulatory requirements imposed on your business and the unique risks you face. That's why we work with specialist insurers to arrange wave energy insurance and tidal energy insurance that protects your business.
We'll give you the advice and support you need, whenever and however you need it; marine renewable energy insurance will be one less thing for you to worry about.
Real help with marine renewables cover
We'll manage the risks associated with your business, as well as arranging the correct levels of cover to protect your project. Covers you may wish to consider include:
- erection all risks
- tow insurance
- all risks cover for the device and associated equipment offshore
- public liability – protecting against damage to third party property and injury to third parties.
- employers’ liability – required if the special purpose vehicle (SPV) has more than one director.
- legal expenses
- cyber cover
- directors’ and officers’ (D&O) cover
- professional indemnity.
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.
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