RENEWABLE ENERGY
We help you face the many unique risk considerations and growing complexity of the renewable energy sector
The worldwide Renewable Energy market experienced substantial growth in new investments over the past years and the focus on renewable energy is expected to continue. Governments around the world set high targets for the amount of energy provided by renewable sources and thus encourage the sector to rapidly develop and grow. As the industry grows and facilities are ageing the industry needs to focus increasingly on asset management, risk transfer, and maintenance challenges.
As a specialized provider of Renewable Energy insurance solutions, our dedicated and experienced team is helping you to face the many unique risk considerations and growing complexity of the sector. Our focus areas are Wind Onshore, Wind Offshore, Solar, and Hydro.
Our Renewable Energy team are constating of underwriters, risk engineers and specialized claim adjusters. We are based in offices across the Nordics, Germany and Netherlands. It is our strength to provide international and local experience in underwriting to better understand and take a tailored approach to maximize efficiency for our clients.
TRANSPORT
The transports for a renewable energy project are subject to multiple kind of risks – your Riskpoint transportation insurance will cover physical loss or damage to plant and materials which are intended to be incorporated into the project. Coverage will also be provided during temporary storage, loading and unloading. For a possible delay in start up of the project an extended coverage (DSU) can be procured. Furthermore - as your underwriter of choice - we will make sure that the insurance cover corresponds to your contractual obligations and avoids gaps in cover – in particular in regards to the hereto attached construction insurance.
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Please contact our underwriters in the following countries for further information
THIRD PARTY LIABILITY
Beside the possible property damages and business interruption losses the construction and/or operation of a renewable energy project are also subject to liability towards third parties (e.g. land owner, state, visitors etc.). The third liability insurance provides essential financial protection in case a third party is claiming the insured to be liable in respect of a bodily injury, property damage or an environmental claim resulting out of the Insureds business and/or products.
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Please contact our underwriters in the following countries for further information
CONSTRUCTION
The construction and testing of a renewable energy project is subject to multiple kind of risks – your Riskpoint construction insurance cover can be Taylor made to fit the many unique risks and growing complexity of a renewable energy project. The construction cover is an All Risk cover for physical loss or damage to contract works during the course of construction. In addition coverage can be provided for the resulting delay in start up of the project. Further coverage extensions during the maintenance period or coverage on supplier/ customer premises are available.
As your underwriter of choice we will start to support you from the time you start to develop the project. We will make sure that the insurance cover fits your contractual obligations, we will prevent you from double insurance cover and coverage gaps. It is our goal to secure your investment with the best economical and high quality solution.
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Please contact our underwriters in the following countries for further information
SABOTAGE & TERRORISM
Sabotage and terrorism insurance coverage are designed to protect you against financial losses directly resulting from politically motivated violence or terrorism and sabotage events.
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Please contact our underwriters in the following countries for further information
OPERATIONS
The operation of a renewable energy project is subject to multiple kind of risks – your Riskpoint operational insurance cover will be designed to meet the many risks that may expose the advanced and complex installations. The operational insurance product is covering the property damage and business interruption loss your project sustains. This product is an All Risk coverage and covers in particular risks like machinery breakdown, electrical faults (e.g. short circuit) and external perils like hail, storm, lightning and the resulting business interruption.
Beside these standard coverage types every project has it’s specialties and our underwriters will also support you in evaluating your risks in regards to existing maintenance contracts, necessary contingency business interruption cover, local insurance requirements and much more.
Want to know more?
Please contact our underwriters in the following countries for further information
