Insurance for Renewable Energy Risks

The renewable energy field has grown exponentially over the last ten years. The broad acceptance of renewable sources of energy, along with healthy tax incentives for the installation of these systems, has led to thousands of new firms now focused on this space.

From solar to wind, geothermal to hydro, the firms that install, service, and operate these facilities have unique insurance exposures. Biodigesters converting methane to compressed natural gas require an expertise that calls for specialized contractors and operators. Renewable energy risks range in size and complexity from large scale hydro/wind installations backed by the government, to smaller scale solar installations. These account opportunities are expected to grow exponentially as virtually every locality embraces the movement toward sustainability and a smaller carbon footprint.

Finding the right insurance to address their various needs also requires expertise. At SPG, we have experience in the environmental market spanning over thirty years, covering both contracting and facility-based exposures for over seventy-eight thousand insureds. In recent years, those have included the risks mentioned above, as well as: