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
-
Anaerobic digestion (AD) and biogas plant insurance
-
Battery energy storage systems (BESS) insurance
-
Biomass plant insurance
-
Combined heat and power units
-
Combined heat and power units
-
Electric vehicle (EV) charging networks
-
Gas filling stations
-
Geothermal plant insurance
-
Hydro plant insurance
-
Marine insurance
-
Solar energy insurance
-
Waste to energy
-
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.
