AXIS renewable lifecycle coverage

Risks begin even before your project launches. And continue long after operation ceases. Scroll down to explore the coverages AXIS offers at each stage of the renewable energy lifecycle.

Site preparation

Preconstruction developmental liability insurance

Third-party liability insurance

From the

Factory

Through

Transportation

Inland transit insurance:
Physical loss or damage, theft, and external perils.

Marine insurance:
Physical loss, damage, theft, or external perils.
Includes marine delay in start-up (MDSU) and loss of revenue due.

To

Installation

Construction all risks insurance (CAR):
Physical damage, theft, external peril. Includes delay in start-up (DSU), covering any loss of revenue due to project delays.

Contingent delay in start-up:
Delay caused by issues with the first non-owned substation.

Testing and commissioning insurance:
Any physical loss or damage to insured equipment.

Terrorism:
Covers physical loss or damage, and associated loss of revenue to the insured equipment as a result of a terrorist act.

Throughout

Operation

Operation all risks insurance (OAR):
Physical damage including mechanical and electrical breakdown, external perils including business interruption (BI) and loss of income.

Contingent business interruption:
Covers the loss of income when the first non-owned substation is damaged and the project is unable to export/sell electricity to the offtaker.

Liability insurance:
Covers third-party property damage, products liability, and sudden and accidental pollution.

Terrorism:
Covers physical loss or damage, and associated loss of revenue to the insured equipment as a result of a terrorist act.

And

Decommission

Decommissioning liability:
For the eventual deconstruction of the project and returning the site to its natural state.

Risks begin before your project launches and continue after operation ceases.

Our dedicated renewables team services a wide variety of clients, including large multi-national firms with complex risk exposures.

Explore the lifecycle of your project from pre-construction through decommission.

See every stage.

Work with a dedicated team of renewables experts.

The AXIS dedicated renewable energy team covers the entire lifecycle of a renewable energy project from site preparation to decommissioning. The combination of technical knowledge and global underwriting at AXIS, enables for better understanding of the needs of our broker partners and their clients, in this fast growing industry.

Explore our three key areas of renewables expertise.

Discover what’s driving the fast-growing solar energy sector worldwide.

Learn more

Find out more about the unique risks facing the wind power industry.

Learn more

See the complex perils that battery storage companies are up against.

Learn more

  • Superior customer service
  • Industry-leading claims service
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Solar energy

  • Solar project developers
  • Solar project EPCs
  • Solar project OEM providers
  • Solar project owners and operators
  • Solar equipment manufacturers

Wind energy

  • Wind project developers
  • Wind project EPCs
  • Wind project OEM providers
  • Wind project owners and operators
  • Wind turbine manufacturers

Solution

AXIS Advance Loss of Profits Insurance

Insurance

Solution

AXIS Business Interruption Insurance

Insurance

Solution

AXIS Casualty Insurance

Insurance

Solution

AXIS Construction All Risk Insurance

Insurance

Solution

AXIS Contingent Business Interruption Insurance

Insurance

Solution

AXIS Delay in Start-up Insurance

Insurance

Solution

AXIS Employers Liability Insurance

Insurance

Solution

AXIS Marine Transit Insurance

Insurance

Solution

AXIS Mechanical Breakdown Insurance

Insurance

Solution

AXIS Natural Catastrophe Insurance

Insurance

Solution

AXIS Operating All Risks Insurance

Insurance

Solution

AXIS Phased Handovers Insurance

Insurance

Solution

AXIS Testing and Commissioning Insurance

Insurance

Solution

AXIS Third-party Liability Insurance

Insurance

The key secondary perils to consider when future-proofing a project.

Claims

Clients can rest assured that when a claim is filed AXIS focuses on:

  • Quick decision making
  • Championing your needs
  • An honest approach
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