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Energy insurance

HSB: A powerhouse in renewable and alternative energy

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    Insurance for renewable energy producers

    Being a dynamic force in the complex, evolving renewable energy market isn’t dependent on a single factor. Instead, it requires collective excellence in every key area - underwriting, capacity, coverage, risk engineering, claims service, financial strength, and more - to provide clients with the comprehensive support needed to adapt and thrive in this volatile industry. HSB is one of the few insurers to possess this unique combined expertise as well as exceptional risk engineering capabilities. We understand the environment in which energy risks operate and share our deep expertise to help your energy clients manage their exposures and protect their assets.

    Energy risk solutions from HSB

    With HSB’s energy insurance solutions, energy brokers can help provide protection for independent power producers and utilities that use solar, wind, and other renewable power sources to produce electricity. 

    Builder’s Risk

    This coverage provides protection from damage caused by property perils such as earthquake, flood, named storm, and severe convective storm, and includes delay in start-up, soft costs, and Equipment Breakdown coverage. Coverage can seamlessly roll from Builder’s Risk through commissioning to operational.

    Operational Property All Risk

    This coverage provides protection from damage caused by property perils such as earthquake, flood, named storm, and severe convective storm, and includes business interruption, extra expense, and Equipment Breakdown coverage.

    HSB protects the following renewable, alternative and sustainability technologies:

    Battery Energy Storage
    Conventional Power
    Renewable Natural Gas
    Electric Vehicle Charging
    Hydrogen Fuel Cell
    Anaerobic Digestion
    On-Shore Wind
    Solar Photovoltaic
    With capacity up to $250m, we can participate on a primary, quota-share, or excess basis.

    HSB Energy Risk Services

    Engineer on solar panels under clouds with lens flare

    HSB provides inspection services and engineering-based risk management in support of our energy partners and clients worldwide.

    With a staff of over 600 inspectors and engineers commissioned by the National Board of Boiler and Pressure Vessel Inspectors and the American Society of Mechanical Engineers, HSB conducts hundreds of thousands of jurisdictional inspections in the U.S. every year.

    We offer first-class risk management services for energy risks, including property loss control, equipment breakdown loss control, infrared thermographic testing, and transformer oil gas analysis - as well as a dedicated account engineer to help clients manage and mitigate risk. Our strong connection with the energy market is further highlighted by our engineers’ ongoing participation in numerous industry associations.

    With a dedicated energy claims team, we can adeptly handle the complex claims energy clients may face. To resolve claims efficiently and effectively and foster long-term relationships, HSB utilizes our in-house forensic accounting team and engineering expertise, as well as long-term relationships with vendors and suppliers that can speed recovery.

    Why trust HSB for energy insurance?

    HSB has been insuring electric power generation since the beginning.
    HSB insures nearly 100 gigawatts of renewable energy generation capacity in the U.S. and Canada.
    HSB is rated A++ (Superior) by AM Best Company, the largest credit rating agency in the world, specializing in the insurance industry.
    Our dedicated team of claims professionals have an average of 20 years’ experience.
    Additional coverages available from HSB and Munich Re

    Protection for renewable energy power production

    With energy insurance solutions like these, your clients can face the future with confidence. As utilities, independent power producers, and other companies shift to energy technologies that can help us reduce greenhouse gases, they’ll have the protection they need from the physical risks they face. And, if something happens, they can access HSB’s dedicated energy claims team to help resolve the issues.  

    Contact us to learn more about how HSB provides a best-in-class experience for our energy clients - and why they’ve trusted us for decades.

    How can HSB help you?
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