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. HSB 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 require a wide range of coverage including property, equipment breakdown, builder’s risk, and Natural Catastrophe coverage. Faster technology development cycles, significant capital investments, and financing requirements increases the potential exposure.

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
• Conventional power plants
• Gas or steam turbines

HSB is committed to supporting the energy industry with a broad spectrum of engineering, technology and insurance solutions benefiting investors, operators and project developers. With products reaching beyond equipment breakdown, HSB Specialty offers coverage including Property all-risk, Builders risk, Business Income and Delay In Startup.

Coverages

Operational Property; Business Interruption; Equipment Breakdown; Construction All Risk and Delay In Start Up.

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

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.