Who we work with
Our renewable energy insurance is applicable to key sectors including wind, solar, and hydro as well as bio-energy producers of all sizes. Whether you have a single anaerobic digestion system on your farm or are responsible for a huge solar farm, our green energy insurance can give you tailored cover to protect your investment and the future of your renewable energy operation.
What does energy generation insurance cover?
Green energy insurance isn’t a single policy but a package of different insurance covers that protects different aspects of your renewable energy business. These include:
- Machinery Breakdown
- Business Interruption
- Property Damage
- Contract Works
- Cyber and Equipment Breakdown Cover
- Employers' Liability
- Public Liability
- Products Liability
- Professional Indemnity
- Directors and Officers Cover
The different types of policies to consider
The different types of green energy insurance policies fall into three main groups:
- Property insurance – This covers both the property (including the operational machinery of the business) as well as third-party property. In this group, you would have policies such as machine breakdown, marine insurance, and business interruption.
- Environmental insurance – Can provide protection against certain pollution and environmental liabilities, including clean-up costs and third-party claims arising from an insured pollution incident, depending on the policy.
- Liability cover - Depending on the business, this can include public liability, products liability, employers’ liability and professional indemnity insurance. The appropriate level and combination of cover will depend on the activities, assets, contracts and risks involved.
Is renewable energy insurance different from standard commercial insurance?
Renewable energy insurance is a specialised class of cover designed to meet the demands of an evolving industry and the advanced technology used to create green energy. It’s focused on technology risk, serial component exposure, weather‑driven revenue, and construction and operational performance requirements.
Can you insure new energy projects during construction and operation?
An insurance policy can be adapted to cover every phase of an energy project, from planning and construction to operation. Your broker will be able to advise you on the appropriate level of cover for each aspect of the project.
How much does energy generation insurance cost?
The cost of your green insurance policy will depend on a number of factors, including the type of energy production, your location, and the level of cover you want to take out. Park Insurance can source competitive insurance from major providers that suits both your budget and your needs.
Keep the lights on with Park Insurance
For over 30 years, Park Insurance has been the trusted partner of countless businesses, providing them with bespoke insurance and specialist cover. Our position as preferred brokers to some of the UK’s largest providers allows us to source insurance that’s designed specifically for the energy and renewables industry. Call us today for more information.