Renewable Energy Insurance

What does renewable energy coverage do?

Renewable energy insurance adds to the protection offered by commercial property coverage. It addresses concerns that are unique to the energy sector and not necessarily covered by standard commercial policies. This kind of policy provides protection against:

  • Property damage — Such as lightning damage to a wind turbine during a storm
  • Equipment breakdowns — If your equipment is damaged and taken off-line due to the unexpected implosion of a fermentation tank at an ethanol facility, this will provide coverage for income loss and repairs
  • Business interruption — If your equipment damage interrupts your business, your lost income can be replaced and extra expenses reimbursed
  • Workers compensation — Protects your company and pays the medical and legal fees if an employee is injured on the job. Many standard insurance companies will not accept renewable energy risks
  • Liability insurance — Basic coverage if your company is held liable for injury or property damage to a third party
  • Business auto insurance — Protection for the company's vehicle fleet
  • Umbrella policy insurance — Protection over and above what your basic liability policy pays out in the event of a catastrophe
  • Pollution insurance — If you have a chemical or fuel leak that requires cleanup