The Basics Of Renewable Energy Insurance

replaced and extra expenses reimbursed;
Workers compensation–protects your company and pays the medical and legal fees if an employee is injured on the job.  Many standard insurance companies will not accept renewable energy risks;
Liability insurance–basic coverage if your company is held liable for injury or property damage to a third party;
Business auto insurance–protection for the company’s vehicle fleet;
Umbrella policy insurance–protection over and above what your basic liability policy pays out in the event of a catastrophe;
Pollution insurance–if you have a chemical or fuel leak that requires cleanup and possible incites allegations from third parties.

Does my business need this kind of specialized coverage?

Every business should carry commercial property, liability, auto and workers compensation coverage. If your business is within the energy sector, you should have specialized renewable energy insurance coverage that enhances those standard policies to cover your unique exposures. This includes the following kinds of businesses:

Biodiesel producers;
Wind power facilities;
Solar power facilities;
Ethanol producers.

If you are unsure about how this kind of coverage can help protect your company, consult with a carrier who offers specialized insurance products. This carrier will be able to assess your business’ needs and offer a comprehensive, cost-effective solution for you.

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