Renewable Energy Insurance

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Renewable energy insurance

Renewable Energy Insurance from Hartford Steam Boiler


Growing renewable energy markets and developing technologies are driving a need for specialized engineered insurance solutions. Hartford Steam Boiler (HSB) recognizes the importance of providing customized renewable energy solutions because no two renewable energy projects are the same, and the risk landscape for each project is different.


Over a renewable energy project's life cycle, developers, facility operators and investors are exposed to a broad spectrum of risks across all lines of business, including: property, equipment breakdown, casualty as well as special financial risks.  Faster technology development cycles, significant capital investments, different financing requirements and output commitments also increase the risk situation.

Renewable Energy Risk Solutions from HSB

In response HSB has developed a suite of insurance products and services to help our customers protect their renewable energy investments and optimize their profit.

We provide solutions for the following renewable energy technologies:

  • Wind power
  • Solar/ photovoltaic installations
  • Biomass and biofuel power generation
  • Hydroelectric plants
  • Geothermal plants

Specifically designed for the renewable energy customer, our products reach beyond equipment breakdown coverage to also include engineered lines such as property, casualty and innovative financial risk products from project development through operational cover.

At a glance

Coverages
Operational Property; Business Interruption; Equipment Breakdown; Construction All Risk and Delay In Start Up; Marine Cargo; Third Party Liability


Classes of Business
Wind, Solar, Biomass, Biofuel, Hydro or Geothermal


Capacity
$100 million with additional capacity available on a per risk basis.


Participation
Primary


CAT Capacity
All CAT Perils


U.S. Domiciled Paper
Primarily non-admitted with potential admitted solutions on a per risk basis


Engineering Services
Risk engineering services including property loss control, equipment breakdown loss control, jurisdictional inspections, claims and other engineering services


Coverage Territory
Worldwide group coordination with HSB Engineering Insurance in Europe, and HSB BI&I in Canada


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This publication is available exclusively to Munich Re clients. Please contact your Client Manager.