We offer coverages for the operators of a wide range of renewable energy business, including solar PV, wind (offshore & onshore), battery energy storage systems (BESS) & Geothermal.
Our dedicated claims specialists include loss adjusters, claims handlers and lawyers. They align themselves closely with our underwriters, risk engineers, brokers and clients allowing us to respond quickly to help reduce losses and settle claims.
What we cover:
- Construction/Erection All Risks (EAR) and Liability covers (TPL), plus Delay in Start-Up (DSU)
- Marine Cargo including (DSU) / Advance Loss of Profit (ALOP)
- Terrorism & Political Violence
- Operational ‘All Risks’ Property Damage, Machinery Breakdown and Business Interruption
- Surety (**bid bond required to participate in Germany’s renewable energy auctions under the Renewable Energy Sources Act (EEG))
Target markets:
- Utility scale operations (utility or investor owned)
- Operators with installed capacity over 50MW
Line size:
- Construction (on EML) - USD 125 million
- Operational – USD 125 million
- Project Cargo and delay in start-up – USD 100 million
- Terrorism – USD 250 million
Territories:
- Worldwide
* https://www.ft.com/content/09a1f984-9a1d-11e6-8f9b-70e3cabccfae
