© Getty Images

Energy Insurance

As increased demand for energy drives our existing infrastructure to be more resilient, robust and diversified, more energy is being generated from distributed renewable and environmentally friendly sources. New and developing technologies are making distributed generation and energy storage more relevant in the energy marketplace than ever before. Hartford Steam Boiler recognizes the importance of providing customized insurance solutions to the expanding and diversifying energy industry.

Owners, developers, facility operators and investors are exposed to a broad spectrum of risks, which include property, equipment breakdown, installation, casualty, marine cargo and special performance risks. Faster technology development cycles, significant capital investments, financing requirements and performance commitments increases the potential exposure.

Energy Risk Solutions from HSB

Responding to this dynamic landscape, HSB has developed a suite of insurance products and services that helps our customers protect and optimize their investments in the following technologies:

 

  • Solar/photovoltaic installations
  • Biomass or biofuel power plants
  • Hydroelectric plants
  • Geothermal plants
  • Wind turbines
  • Fuel cell installations
  • Anaerobic digester plants
  • Ethanol plants
  • Biodiesel plants
  • Battery storage installations

Our commitment to energy

HSB is committed to supporting the energy industry with a broad spectrum of engineering, technology and insurance solutions which benefits investors, operators and project developers.

Our products reach beyond equipment breakdown coverage, to include engineered lines such as builders’ risk, property, casualty, innovative financial risk products - from project development through operational cover – and in certain circumstances, asset performance.

At a glance

Coverages

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

Capacity

$250 million.

Participation

Primary and Quota Share.

CAT Capacity

CAT Perils include:

  • Earthquake
  • Flood
  • Wind and Hail
  • Named Wind

U.S. Domiciled Paper

Non-admitted.

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.

Coverages are subject to terms, conditions, exclusions and limitations. Please refer to the actual policy terms for applicable coverages. Not all coverages available in all states.

We use cookies on our websites to improve your experience as an internet user, and to optimise our online services. They comprise cookies that are required for technical purposes, and without which the website functionality could not be guaranteed. We also employ cookies to carry out statistical evaluations of the reach of our websites. These evaluations are anonymised. You can find further information on the cookies we use, and ways to object to the use of cookies for statistical evaluations, in our cookie guidelines.