Climate Tech businesses present unique risks and opportunities. These indicators outline key factors that strengthen or limit Chubb’s appetite within this diverse sector:
Well-funded organizations with successful pilot projects and strong customer support.
Ability to scale operations with credible products and services, even if the company is relatively new.
Up-to-date hazard analysis and high standards for quality control and assurance, ensuring workplace and product safety.
Well-structured contracts that clearly define obligations and help manage risk.
Staying current with evolving standards and taking necessary actions to maintain product and worker safety.
Lack of proper maintenance or protective measures increasing risks to manufacturing operations.
Insufficient product testing and frequent customer complaints, signaling manufacturing inconsistencies.
Insufficient contract practices increase liability and uncertainty.
Insufficient vetting of OEMs, subcontractors, or transportation companies, leading to delays, loss of market, and reputation damage.
As Climate Tech companies pioneer innovations for a sustainable future, they encounter distinct challenges stemming from the novel nature of their operations and the pressing need to scale within a low-carbon economy. Chubb is dedicated to providing specialized expertise in emission-reducing technologies across major industries to support climate change progress and the transition to a more sustainable energy landscape.
Chubb Climate+ is a global practice that spans across all major industries in the world, with a goal of enabling climate change progress in a meaningful way. Chubb Climate+ draws on extensive technical capabilities in underwriting and risk engineering, bringing together units engaged in Renewables, Alternative Fuels, and Climate Tech.
We have the appetite, specialized expertise, insurance products, and services to help agents like you write more business and help protect your clients’ operations.
Our team of world-class industry professionals is readily available to partner with businesses and effectively mitigate any risks they may face.
Discover how Chubb’s industry-specific approach and specialized risk consulting, underwriting, and claims expertise can help solve your clients’ unique challenges.
Discover how Chubb’s industry-specific approach and specialized risk consulting, underwriting, and claims expertise can help solve your clients’ unique challenges.
Discover how Chubb’s industry-specific approach and specialized risk consulting, underwriting, and claims expertise can help solve your clients’ unique challenges.
Discover how Chubb’s industry-specific approach and specialized risk consulting, underwriting, and claims expertise can help solve your clients’ unique challenges.
Discover emerging risks and evolving trends in the middle market by delving into our comprehensive reports—based on a survey of 1,000 middle market firms. Access insights to help middle market companies and their insurance partners understand business trends.
Duration: 15 minutes
Duration: 8 minutes
Duration: 8 minutes
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Duration: 20 minutes
Chubb Resilience Services offers comprehensive solutions to help climate tech clients understand their exposure to physical climate risk.
Chubb's IoT monitoring program includes the installation of sensors and other IoT devices that can predict and prevent property damage.