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Renewable Energy Insurance
As a renewable energy business owner, you know the importance of navigating climate-related risks and contributing to more sustainable, climate-resilient communities. Whether you’re developing a renewable energy project or providing clean energy to customers, investing in the right business insurance can help protect you and your business from potential risks.
We offer tailored business insurance policies designed to address concerns and safeguard your project or facility from liabilities such as damage to renewable energy system installations, equipment breakdown, and cyber breaches.
What type of business insurance do I need as a renewable energy provider?
If you’re a developer, owner, or operator, renewable energy project insurance can help protect your business against a range of risks, whether you’re just breaking ground on a new project or you’re in full operation mode. As your business evolves, we’re here to help you make informed decisions on how to protect your projects and renewable energy system installations.
WHO WE CAN HELP
We provide protection for Canadian companies in the renewable and alternative energy sector that produce or store power using the following renewable resources:
- Solar
- Wind
- Biomass and biofuel
- Battery energy storage systems
- Hydro
- Hydrogen
- Hybrid power generation and storage
What coverages can be included in renewable energy insurance?
In the unforeseen event of an accidental physical loss or damage to your renewable energy system, it’s essential that you get back to business as quickly as possible. Our tailored solutions are designed to support customers across the full project lifecycle — from initial construction to ongoing operations — here are some key coverages to consider for your protection:
If someone is injured on your property — even a trespasser — you could be held liable and responsible for their compensation. Commercial General Liability (CGL) insurance can help protect your business if a third party experiences bodily injury or property damage on your premises or wherever your services are provided.
If you’ve invested millions of dollars in physical assets, you don’t want to see that investment go up in smoke because of an extreme weather event, theft, or vandalism. Commercial property insurance is designed to help cover the costs of property damage or loss in the event of an unforeseen business interruption that impacts revenue.
If you’re in the process of building out a renewable energy system, Builder’s Risk insurance can help protect your project against physical loss or damage from events such as fire, theft, and water damage, supporting continuity from the time you break ground through to completion. Wrap-Up insurance options also provide liability coverage for all parties involved in a construction policy.
There are other helpful coverages you can add to your policy to protect your renewable energy business, including:
What can you expect from renewable energy project insurance?
Our underwriting team understands the unique exposures in the renewable energy sector, so we can adapt and expand our offerings as our customers’ needs grow.
We hope you never experience a loss, but if you do, you can count on our dedicated claims team to help get you back to business. We’ll work together with your broker to get the claims process underway as soon as your claim is reported, and we’ll always keep you in the loop. If any questions or concerns should arise, don’t fret — we’re here for you 24 hours a day, 7 days a week.
You can enjoy the perks of your policy well before you experience a loss. Our Risk Services team works hard to help keep your business running safely, smoothly, and consistently with detailed bulletins, workplace risk assessments, and onsite training.
Our Assist Services
On top of our comprehensive core coverage and exceptional customer service, your energy project insurance coverage grants you access to our Assist Services* for extra peace of mind.
Risk Management Assist
Our team of Risk Services specialists is at your service: customers can enjoy unlimited telephone access to experts who can help mitigate risks with advice and guidance on a range of loss prevention topics.
Managing your risks as a renewable energy provider
With robust expertise in the renewable energy sector, our Northbridge Risk Services team provides professional guidance and innovative strategies to help you manage risks effectively. Each year, we conduct more than 5,000 risk assessments and service calls for businesses across Canada. Our onsite assessments are paired with comprehensive training programs and educational tools designed to help your business thrive.
Our Risk Services team also offers technical publications to help you better understand the unique exposures in your industry. Additionally, they provide personalized guidance to fine-tune your daily operations and enhance worker safety. Discover how our risk management experts can support your renewable energy business today.
Resources for renewable energy providers
What is liability insurance?
Business owners face unique risks that could land them in legal trouble. With our industry expertise and a substantial network of top brokers, we can help protect your company with the right liability insurance.
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* Legal Assist not provided for criminal, personal or insurance issues, do not provide representation in legal proceedings or legal fees coverage, and provided by Assistenza International, through lawyers licensed in your jurisdiction. Risk Management Assist provided by our Risk Services specialists and are intended to augment your internal safety, compliance and risk management practices, and are not a substitute for professional or legal advice. Trauma Assist provided by independent third-party professionals, long-term and specialized counseling not included. Cyber Assist is provided by an independent third-party service provider. Services are not included in any cyber extension or endorsements. Services are not an insurance policy, not all policies are eligible, contact us for details.