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Home » Business » Agricultural Insurance » Renewable Energy Insurance

With the world on a clear march towards greener energy, the renewable energy sector is set to continue growing. Renewable Energy Insurance covers the risks faced by renewable energy businesses from the initial planning stages and construction to energy production.

  • Advice and insurance for the entire lifecycle of your plant
  • Access to restricted insurance products
  • Specialist account managers
  • Cover for biomass, biogas, biofuel, wind turbines, solar farms and hydropower

The Alan Boswell Group Difference

ABG Difference

Renewable energy is a rapidly growing sector and we’re perfectly placed to grow with it. Our experience and expertise, especially with the biomass and biogas plants, is vast and we have become the preferred broker for a number of associations and businesses. From the planning phase to build, commission and risk management, we can offer independent insurance advice, whatever your fuel.

How our customers rate us

Sales team give a very good service when looking for policies.

Mr Creasy - Commercial Insurance

Renewable Energy Insurance in detail

Renewable energy insurance is not an off-the-shelf solution and various products are available for different stages of renewable energy products. We will work with you to provide essential advice and the right insurance proposition.

  • Business interruption Cover for loss of future profits and additional cost of working
  • Professional indemnity Cover for errors or defects
  • Liabilities Cover for employers, public, products and environmental liabilities
  • Property damage Damage to buildings, contents, tools and equipment
  • Machinery breakdown Cover for breakdown of key machinery
  • Boiler explosion Cover in the event of boiler explosion
  • Terrorism Cover for an act of terrorism
  • Legal expenses Legal expenses for defending/pursuing actions including employment/contract disputes, tax investigation and other covers
  • Directors and officers Cover for accusation of wrongful acts by directors and managers

Obtaining expert insurance advice at the planning stage is very important. This is a highly specialised insurance product and many insurers will not provide cover unless certain processes have been followed and certain standards have been achieved. In extreme circumstances some risks are uninsurable if the correct procedures have not been followed at the outset.

FAQs

  • If the reason going offline is due to an insured loss e.g. Fire and you have Business Interruption cover then there will be cover for your relevant losses.

  • Yes if you have employees or have labour only subcontractors operating under instruction. If you do not you are not obliged to have it although it is best practice and some contracts may require it. In addition any financing you have will undoubtedly require some elements of insurance to cover the investment.

  • No, we will evaluate the changes and source the required insurance cover for you.

  • It is impossible to state the cost for Renewable Energy Insurance as each project will differ dependent on size and type of Renewable Energy.

  • Subject to an insured loss causing you to not fulfil your contract will be covered under the business interruption section.

  • We take the time to understand your project and take everything e.g. contractual obligations, financing etc and will then propose an insurance solution to fit your requirements.

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