Environmental insurance for companies pioneering a cleaner energy future
Our renewable energy insurance supports your ground-breaking work. Chubb renewable energy environmental protection, the first dedicated environmental policy for clean power companies in the UK and Ireland, provides you with seamless cover – from the start of construction on your facility through to operation and maintenance.
RISK SCENARIOS
Who it’s for
Chubb supports all kinds of renewable energy businesses and facilities:
Onshore and offshore wind farms
Solar energy facilities
Tidal and hydro energy companies
Biofuel producers
Landfill gas extraction facilities
Waste-to-energy companies
What it covers
We keep your company and facilities ahead of environmental liabilities:
First-party business interruption cover upon completion and operation of a facility
Automatic cover for ongoing maintenance following construction
Biodiversity damage up to the full policy limit as standard
First-party replacement costs including environmental improvements
Transportation liability as standard for materials transported during construction of facilities
Pollution condition specifically includes odours
CASE STUDY
1. Waste to energy facility
Part A. Bolts holding digestate tank to concrete base failed.
Effect Flow of digestate broke through earth bund. Digestate flowed onto client’s adjacent field and entered land drains. Land drains discharged into the river and digestate seeped into groundwater.
Costs
Estimated clean up costs £260,000.
Part B At the same facility, an operator leaves the pump going overnight and overfills the pressurised vessel where the valve has been blocked by debris.
Effect
The vessel explodes with the contents of the facility re-contaminating a recently contaminated field.
Costs
Estimated clean up costs £350,000, plus a business interruption claim of £250,000.
2. Composting waste incident
Composting green waste ignited spontaneously at a farm.
Effect
Water used by the fire brigade to extinguish the flames became contaminated by a slurry-like mixture from the compost. It reached a nearby stream and migrated to a lake causing a substantial number of fish to die and damage to the aquatic ecosystem. The Environment Agency required the company to carry out remediation..
Cost
Estimated loss to the business was £550,000.
3. Windfarm construction
During construction and operation of a windfarm, one of the turbines experienced a fault.
Effect
Due to the fault, a significant amount of hydrohalic fluid leaked from the turbine and caused damage to the local biodiversity and watercourse.
Cost
Estimated clean-up costs were in excess of £100,000.
Why Chubb?
Why Chubb?
We understand renewable energy insurance – and we care about your business
Whether your business is big or small, takes you around the world or just around town, Chubb is there for you. Our breadth of experience in renewable energy insurance means we can provide the guidance and service you need, whenever you need it, wherever you may be.
Partnership that’s personal We work to understand your business and where you’re heading so we can be proactive about meeting your needs. We invest in getting to know you, your team and your customers. The goal: to help you see ahead, be ahead and stay ahead.
Creative problem-solving Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.
Unmatched expertise and financial strength We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise and financial strength are the bedrock of our business.
