The Basics Of Renewable Energy Insurance

specialized coverage.

What does commercial property coverage do?

Any business that owns, rents, or leases property must carry this kind of coverage. It provides protection for your buildings, the contents inside, and any outlying structures. Your policy can be tailored to your specific needs, but this coverage can provide protection for merchandise, furniture, equipment, accounting records, electronic data, and even signage.

When you carry this kind of insurance, you should opt for a broad policy that covers a wide range of possible perils. These are threats posed by fire, vandalism, extreme weather such as tornadoes and hurricanes, and even riots. This will help protect your property in the event of an unforeseeable emergency.

What does renewable energy insurance do?

Renewable energy insurance adds to the protection offered by commercial property coverage. It addresses concerns that are unique to the energy sector and not necessarily covered by standard commercial policies. This kind of policy provides protection against:

Property damage–such as lightning damage to a wind turbine during a storm;
Equipment breakdowns–if your equipment is damaged and taken off-line due to the unexpected implosion of a fermentation tank at an ethanol facility, this will provide coverage for income loss and repairs;
Business interruption–if your equipment damage interrupts your business, your lost income can be