Energy Insurance

Contact us

HSB insures almost 86.5 gigawatts of energy generation capacity in the United States and Canada

Increased demand and the need to decarbonize is fueling the growth of renewable and alternative energy sources. HSB has been involved since the very beginning, insuring and inspecting electric power production operations, applying our deep knowledge of equipment and engineering expertise to these evolving risks.

Why choose HSB for Energy Insurance?

HSB offers informed capacity, providing stability in what can be an unstable environment.

HSB’s Energy Risk Solutions team of underwriters and engineers is focused on renewable energy and sustainability with the technical expertise to evaluate and understand risk. We understand the environment in which energy risks operate and share our deep engineering expertise to help our policyholders manage their exposures and protect their assets.

HSB is rated A++ (Superior) by A.M. Best Company. As part of Munich Re, we have the ability to leverage a global knowledge base to develop and deliver innovative, forward-thinking risk solutions with technical knowledge, superior risk solutions, and customer commitment you can count on.

HSB Energy Risk Solutions

HSB’s capabilities include builder’s risk through commissioning and operational coverages.

Comprehensive coverage

Designed to protect against damage caused by a wide range of property perils including earthquake, flood, named storm, and severe convective storm.

Operational Property All Risk, including Business Interruption, Extra Expense and Equipment Breakdown
Builder’s Risk, including Delay in Start-up, Soft Costs, and Equipment Breakdown

HSB engineering capabilities

First-class risk management services for energy risks throughout the United States and Canada include:

Property Loss Control

Transformer Oil Gas Analysis (TOGA®)

Equipment Breakdown Loss Control

Jurisdictional Inspections

Infrared Thermography Testing

Dedicated Account Engineering

Industry involvement

HSB engineers help to develop industry standards and guidelines for the equipment and technologies used to generate and distribute clean and renewable energy.

HSB engineers participate in numerous industry associations:

National Fire Protection Association (NFPA)
Solar Energy Industries Association (SEIA)
Alliance for an Energy Efficient Economy (AEEE)
Institute of Electrical and Electronics Engineers (IEEE)

American Society of Mechanical Engineers (ASME)
American Clean Power Association (ACPA)
American Renewable Energy Standards and Certification Association (ARESCA)

Appetite at-a-glance

Renewable, alternative, and sustainability technologies we protect:

Hydroelectric
Solar Photovoltaic
Hydrogen Fuel Cell
Conventional Power
Battery Energy Storage
Biomass
Renewable Natural Gas/Anaerobic Digestion
Geothermal
On-shore Wind
Biofuel
Electric Vehicle Charging

Excluded classes:

Nuclear
Off-shore Wind

Capacity:

Up to $250,000,000

Participation:

Primary
Quota-share
Excess

Minimum premium:

$10,000 Solar
$25,000 All other

Claims expertise

HSB is committed to fulfilling our promise to our policyholders at the time they experience a loss. In order to resolve their claim efficiently and effectively, and foster long-term relationships, we offer:

Dedicated team of claims professionals with an average of nearly 20 years of experience

In-house forensic accounting team

In-house engineering expertise

Ability to short-circuit supply chain issues via vendor relationships and partnership with HELIXintel