The power behind renewable energy projects
Renewable energy supply projects face many challenges and unique risks. Insurance solutions are often seen as a necessary evil driven by either legal or contractual requirements. However, engaging with insurers early on can be a cost benefit. It enables them to review your designs to ensure the right loss controls are factored in and the correct construction and operational risks controls are implemented. Broker selection is also key to:
- Assist you to negotiate better terms on finance.
- Reduce the risk of additional CAPEX costs due to retrofitting insurer requirements.
- Understand insurer risk appetite to ensure that your site is insurable once operational.
- Utilise knowledge of the renewable energy insurance market to benchmark and flag any potential risks or claims that could occur at your project, aiming to reduce your claims costs.
Luckily, we understand this complex industry and the various associated risks. So, whether you have a new start up project, or you're a more established power generation, we can help.
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.
1015615652
Get in touch with a renewable energy insurance expert
We take the time to assess your individual needs to arrange the right cover to protect your renewable energy assets and projects.
Key benefits
- Global reach, local focus – we combine the power of Marsh with the passion of our people; delivering world-class expertise with a personal touch, all on your doorstep.
- Recognised by the renewable energy industry – we are valued members of the Renewable Energy Association and the Anaerobic Digestion and Bioresources Association.
- Strong reputation and relationships with insurers – we offer due diligence on the design, construction, and operational controls that insurers expect, or a gap analysis on your current insurance programme. We can negotiate the best policy, cover and lenders agreements, to help make your projects bankable.
- We’ll be there if you have to make a claim – our in-house teams of claims managers and loss adjusters make the process efficient and solution-focused, should you need support with a claim.
We support specialist renewable energy sectors
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Anaerobic digestion (AD) and biogas plant insurance
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Battery energy storage systems (BESS) insurance
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Biomass plant insurance
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Combined heat and power units
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Combined heat and power units
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Electric vehicle (EV) charging networks
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Gas filling stations
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Geothermal plant insurance
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Hydro plant insurance
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Marine insurance
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Solar energy insurance
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Waste to energy
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Wind power insurance (on and offshore)
Why choose us for your renewable energy insurance?
We're experts at providing cover across the whole renewable energy sector. We're the power behind your renewable energy project. Our team of specialist renewable energy insurance experts understand this ever-changing industry and are here to help.
By taking the time to assess your individual needs, we'll explore the renewable energy insurance market and arrange the cover that's just right for your business.
We are a valued member of the Renewable Energy Association and the Anaerobic Digestion and Bioresources Association.
Renewable energy insurance FAQs
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Your policy should match the specific complexities of your project and there is no one-size-fits-all solution. We work with insurers to tailor coverage to suit your needs from project planning through to operational. This can include product cover such as:
- Construction/erection all risks (EAR) and liability covers (TPL), plus delay in start-up.
- Owner controlled insurance programme (OCIP)
- Operational 'all risks' property damage, machinery breakdown and business interruption.
- Environmental liability.
- Marine cargo including (DSU) / advance loss of profit (ALOP).
- Employers, public liability and products liability, Directors & Officers (D&O) and trustee liability.
It can even include cover for legal costs if you ever need legal advice or to defend against a claim.
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The cost of your insurance will depend on many factors such as:
- The types and level of cover you require
- The loss controls that you have in place
- The maintenance of your project
- The installed capacity of your project
- The security and access to the site.
Our specialist renewable energy insurance experts can help explore the renewable energy market and arrange cover that’s right for your business.
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We support specialist renewable energy sectors including:
- Anaerobic Digestion (AD) and biogas plant insurance
- Battery energy storage systems (BESS) insurance
- Biomass plant insurance
- Combined heat and power units
- District heat network
- Electric vehicle (EV) charging networks
- Gas filling stations
- Geothermal plant insurance
- Hydro plant insurance
- Marine insurance
- Solar energy insurance (minimum capacity 250kW for commercial purposes)
- Waste to energy
- Wind farm insurance (on and offshore wind) (minimum capacity 250kW)
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Our team of specialist renewable energy insurance experts understand this ever-changing industry and are here to help. By taking the time to assess your individual needs, we'll explore the renewable energy insurance market and arrange the cover that's right for your business. That's why we're a valued member of the Renewable Energy Association and the Anaerobic Digestion and Bioresources Association.
- Specialist – over 400+ renewable energy clients across the UK.
- Experience – Actively engaged in future-proofing the UK’s renewable energy market.
- Consultative – We’re advisers, not salespeople, here to support you, your project and your stakeholders.
- Committed – Representing your best efforts and what is best for your project.
- Capable – Access to insurance and risk services as part of one of the world’s largest brokers, Marsh McLennan.
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Ideally, during the design phase of your project to enable us to discuss with insurers and ensure it meets their requirements before construction commences. However, please reach out to our expert team and we can support your insurer conversations during the construction phase and once operational.
