Commercial Property Vs. Renewable Energy Insurance: Which Is Better?

other perils;
Equipment breakdown repair, which is critically important in this sector;
Business interruption coverage to replace lost income and pay extra expenses until damaged property and equipment is repaired and put back into service;
Workers compensation claims adjusted by professionals that understand your business issues;
Pollution or environmental impairment liability coverage, especially necessary in the biofuels industry;
Liability coverage that meets your contractual requirements with power transmission and distribution companies; and
Umbrella coverage to supplement your regular liability limits.

As you can see, a insurance program that is tailored to the renewable energy industry will cover the myriad issues that you may face, from the damage resulting from a single lightning strike on a wind turbine to the pollution damage caused to local waterways from an ethanol plant.

Which kind of coverage do I need?

In a word, both. You will need both kinds of coverage to adequately protect your company from all the many issues you will face, both as a commercial property owner and as a company that produces renewable energy. Many small businesses try to cut corners and carry coverage that is not customized to your needs, but that leaves you woefully underinsured and exposed to many kinds of dangers in the event of an emergency.

A specialized carrier can help you find a cost-effective yet comprehensive insurance product that