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Climate+ Renewables

wind mills
Where cover connects’

We believe businesses deserve cover that connects.  That’s why we have industry specialists in underwriting, risk engineering and claims who can see the big picture. They understand the risks across your sector and connect different types of cover and services together to match your businesses’ needs.  It means less chance of policy gaps and overlap, because everything joins up – like it should. Chubb Industry Practices is all about providing tailored, specialist insurance solutions with capabilities and products that evolve to meet the changing risks of each industry.

CLIMATE+ RENEWABLES

Forward-thinking protection for renewable energy projects

As a proactive partner, we’re enabling climate change progress around the world, at an industry level and in local communities. When you partner with Chubb you’re getting dedicated, industry-specific expertise, as well as access to climate solutions that scale to meet the needs of your business.

Our Climate+ Renewables product is a multiline package specifically designed for small to medium size renewables projects, and can cover both construction and operational phases with the option for seamless protection from construction to year-one operations.

RISK SCENARIOS

Who it’s for

Climate+ Renewables is designed specifically for the following renewable energy projects:

  • Photovoltaic (PV) solar
  • Onshore wind
  • Located in the UK
  • Contract value / sum insured up to £50m

 

What it covers

Our approach to coverage and appetite delivers continuity of cover across the construction and operational phases of a renewable energy project. For clients, this means tailored protection with guaranteed future premium costings. The policy is separated into sections:

 

Climate +
Climate +

Watch Climate Tech Industry Practice Leader, Tim Charters' interview with Insure TV

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Why Chubb?
Why Chubb?

We’re experts in renewable energy insurance – and we care about your project

As part of our Chubb Climate+ business unit, our renewables
product plays a vital role in enabling climate change progress.

We’re specialists in risk

We bring a wealth of experience together, because the biggest challenges need to be met by broad and deep expertise.

Coverage that enables growth

At the heart of our proposition is tailored coverage designed to grow with your clients’ needs and ambitions. All backed by specialist underwriting experts.

Proactive risk prevention

Our risk engineering capabilities can be deployed for larger, complex risks to help identify and mitigate risks before they impact your clients’ projects.

First-class claims management

Expert claims handlers in place to support clients through each stage of the claim. We’re quick to respond and act decisively.

FAQs
FAQs

Climate+ Renewables supports the growth of alternative and renewable energy projects in the UK. It’s a multiline package for small to medium ground mounted photovoltaic solar, and onshore wind, which are either being constructed or already operational. The minimum size is 500 KW energy output. The maximum size risk we are targeting on our Ignite platform is up to £50m sum insured / contract value, and in addition up to £10m business interruption / delay in start up. We can and do write larger risks, but we would do so offline. More information can be found in our  broker guide

Yes we can cater for lenders requirements online.

Yes, our proposition is designed to accommodate this scenario and provide contingent cover for the portion of the marine cargo risk you are not responsible for insuring. 

Yes. Our product is designed to cover both the construction and operational phases of a risk.

  • If your risk is already operational you can select an operational quote

  • If your risk is in the planning stage for construction you can select a construction quote.

Alongside every construction quote we will provide a quotation for year one operations. You can choose to bind construction only or construction with year one operations.

By binding year one operations cover now you lock in today’s rates. Your construction schedule will be issued and construction premium invoiced now and your operational schedule will be issued and operational premium invoiced when the risk reaches practical completion. Your maintenance period will also start then.

We know this happens and have designed our product and Ignite journey so you can easily manage this online.

Climate+ Renewables is a product under our Climate Tech industry practice, meaning it is powered by a service-led model that provides tangible benefits to clients including specialist underwriters and a tailor-made wording. Chubb clients also benefit from our leading claims management and, for larger complex risks, we can deploy specialist risk engineers to help mitigate risks before they impact a project.  

Cover can be arranged in just a few minutes through our Chubb Ignite e-Trade platform. As well as arranging cover, brokers can see all important policy information on one place, make mid term adjustments, and modify quotes to explore different options.

Chubb Ignite is available here. If you need to reset your password, simply login and select ‘Recover Password’ and you will receive an email allowing you to reset. If you do not have a password or have any questions about the products available, please email our support team at ignite@chubb.com 

Climate +
Climate +

Find out how we are supporting the growth of green energy in the UK with Climate+ Renewables

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INSIGHTS & RESOURCES

Chubb Climate+ 

Renewables broker guide

Stuck, but not for long…

The customer avoided a substantial environmental claim due to the diligence of the Chubb claims handler

Supporting the local farming community

Expert support for a group of farmers in a complex case involving a collapsed wind turbine

The emergence of EV chargers and risk management considerations

Have a question?
Have a question?

Talk to one of our experts