The power behind renewable energy projects
Renewable energy supply projects face many challenges and unique risks. Insurance is often seen as a necessary evil driven by either legal or contractual requirements. However, engaging with insurers early on can be a cost benefit. It enables them to review your designs to ensure the right loss controls are factored in and the correct construction and operational risks controls are implemented. Broker selection is also key to:
- Assist you to negotiate better terms on finance.
- Reduce the risk of additional CAPEX costs due to retrofitting insurer requirements.
- Understand insurer risk appetite to ensure that your site is insurable once operational.
- Utilise knowledge of the renewable energy insurance market to benchmark and flag any potential risks or claims that could occur at your project, aiming to reduce your claims costs.
Luckily, we understand this complex industry and the various associated risks. So, whether you have a new start up project, or you're a more established power generation, we can help.