Renewable Energy

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Renewable Energy

Renewable Energy Insurance Expertise

At Tower Street Insurance, we specialize in providing top-level service and coverage to renewable energy clients. We represent the best renewable insurance carriers in the industry, and we work with you to find the most competitive and broadest protection possible for your company. We accomplish this by doing a full gap analysis of your current insurance, risk management, and loss prevention program. We review every endorsement on your current policies, the contracts you have in place, and the unique exposures presented by your operations. No matter what you’re passionate about, we’re here to protect your passion. And we’re passionate about protecting your business and your family.

Supporting Diverse Energy Generation: Whether it’s wind farms harnessing wind power or solar panels converting sunlight into electricity, our insurance products are designed to cover the broad range of renewable energy sources. We provide specialized coverage for wind turbines, battery energy storage systems, and solar energy installations.

Risk Management for Renewable Energy Equipment: The renewable energy business faces unique risks, from natural disasters impacting wind turbine blades to technical challenges in battery energy storage systems. Our risk engineers and claims professionals are equipped to manage these complex risks, ensuring your business is protected.

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Renewable Energy

Examples of Customers We Have Partnered With:

Comprehensive Insurance for Independent Power Producers: As independent power producers contribute significantly to renewable energy production, we offer tailored insurance coverage that addresses the specific needs of these businesses, from property damage to business interruption.

Construction Insurance for Renewable Energy Projects: Our construction insurance policies are designed to safeguard renewable energy construction projects, covering everything from initial ground-breaking to final commissioning and start-up.

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Utility Scale Wind Farm IPPs

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Utility Scale Solar Farm IPPs

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Biomass/biofuels

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Hydroelectric

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Geothermal

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BESS – Battery Energy Storage Systems

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Wind and Solar EPC Contractors

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Residential PV Solar

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Vegetation Control Contractors

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Powerline Contractors

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Commercial O&M Services

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Unique Renewable Energy Coverage Considerations for Your DFW Business

Has your current agent discussed the following issues with you?

Wind and Solar Energy Expertise: With deep expertise in the wind and solar sectors, we understand the challenges of wind farms and solar installations, from ensuring turbine blades’ integrity to protecting solar panels against physical damage.

Utility-Scale Operations and Smaller Initiatives: Whether your focus is on utility-scale operations or smaller renewable energy initiatives, our insurance solutions are scalable to meet the specific needs of your project or company.

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Convective storm risk

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Micro-cracking or fracturing risk

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ESG risk assessment and benchmarking

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Wildfire risk assessment and strategic planning

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Business interruption and contingent business interruption coverage

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Worldwide guaranteed cost (general liability, work comp, automobile)

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Equipment breakdown for wind turbines and base stations

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Paid loss and incurred loss retrospective plans

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Captive and other insured-owned programs

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Self-insured retention

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Large deductibles

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Customized named storm, earthquake, or flood (including storm surge) structures

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Flood reinstatements

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Deductible buy-downs

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Multi-year solutions

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Parametric programs

Renewable Energy

Policy Inclusions

Workers Compensation and General Liability: Protect employees from work-related injuries with our workers’ compensation and general liability policies, crucial for maintaining a safe and responsible working environment.

Business Interruption and Additional Costs: Our insurance products safeguard against business interruption and additional costs associated with delays or setbacks, ensuring your renewable energy business remains financially stable.

With some of our partner carriers, such as Sompo International, Chubb, and Hanover, you may be eligible for the following comprehensive coverage and significant capacity across all lines of business offered to the renewable energy market:

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Property – per location limits up to and over $500M, can increase based on risk

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Equipment Breakdown for PV and Wind Turbines

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General Liability – $2M limits, can increase based on risk

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Cyber – $25M limits, can increase based on risk

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Auto – $1M limit, can increase based on risk

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Workers’ Compensation – statutory limits

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Umbrella & Excess – up to $50M

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Catastrophe coverage such as flood and earthquake – up to $50M based on risk

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Renewable Energy

Contact Our Renewable Energy Team

Tower Street Insurance specializes in renewable energy insurance coverage for customers in Dallas, Austin, San Antonio, Houston, Southlake, and other cities that we serve throughout Texas. We also offer insurance coverage for directors & officers, workers’ compensation, cyber liability, commercial risk management service, and client advocacy. When you need our help, give Tower Street Insurance a call at 469-788-8888 or click here to make an appointment today.

Supporting Clean Energy and Climate Change Initiatives: At Tower Street Insurance, we are dedicated to supporting the renewable energy industry as it plays a significant role in addressing climate change and promoting clean energy solutions.

Contact Us for Customized Renewable Energy Insurance: Reach out to explore how our insurance solutions can support your renewable energy business activities. Our team is ready to provide the coverage options and support you need to thrive in the dynamic energy market.