In this rapidly growing and evolving class of business, we pride ourselves on our ability to offer tailored solutions and quick decisions to our global client base.
Focusing on solar, wind, battery storage and waste to energy, our renewable energy team provides coverage solutions for physical damage and business interruption from the start of renewable energy construction projects through the operation and maintenance phases.
We work in close collaboration with other IGI lines of business to provide cross-class holistic solutions, while our experienced claims professionals are there to quickly and efficiently handle any incidents, should they arise.
Worldwide Geographical spread
$50m CAPACITY (Construction)
CAPACITY
Construction (CAR/EAR + DSU/ALOP) or Operational (PD + BI): US$50 million PML line for international business, and US$25 mm for US business, for any one risk
Marine Cargo (PD + MDSU): US$5 million max per conveyance
Construction and operational third-party liability: US$2.5 million, any one occurrence, per project
COVERAGES
Operational Physical Damage (PD)
Business Interruption (BI)/Contingent Business Interruption (CBI)
Construction/Erection All Risks (CAR/EAR)
Delay in Start-Up (DSU)/Advance Loss of Profits (ALOP)
Marine and Inland Transit PD and Loss of Revenues
Construction and Operational Third- Party Liability (TPL)
Target Industries
Wind power – onshore and offshore/nearshore
Solar power – photovoltaic, concentrated, thermal and floating
Bioenergy – biomass, biogas, biofuels and waste-to-energy
Hydro
Geothermal
Wave & tidal
Battery storage
Other emerging technologies, e.g. energy efficiency