- Businesses
- Individuals & Families
- Partnerships
- Brokers
As the global population grows and energy demands increase, clean technology companies are critical to the global economy. Being prepared for the changing risk landscape is more important than ever.
Stack up your cyber protection with Chubb.
All Chubb cyber policyholders are eligible for cyber services. Get the most value from your Chubb policy and request access today.
In a complex world, Chubb’s support for multinationals and their brokers when choosing the right cover has never been more valuable.
Protecting all that makes your house, your home.
As one of the world's largest providers of jewellery and fine art insurance, you can count on our unparalleled service and expertise, offering some of the broadest protection available.
As pioneers of using in-house appraisers to help clients establish the value of their property, and mitigate the risk of loss, our appraisal service is a key reason why owners of fine homes and high value possessions around the world choose Chubb
Build your business by providing the protection your customers need – it’s insurance for the new possible.
The seamless, secure, and scalable engine behind new possibilities for your company and customers.
Travel insurance made easy.
Renewable and Alternative Energy Insurance
Risk Scenario
Who it’s for
- Builders, owners and operators of renewable and alternative energy facilities
- Investors in alternative energy companies
- Businesses using renewable and alternative energy
What it covers
- Breakdown of power generation machinery
- Fire and explosion – especially important as biomass and biogas facilities often have volatile gas stored on site
- Business interruption
- Repair and replacement of facilities, including substations and transformers
- Theft of components, such as solar panels
FAQS
It’s commonly accepted that there are seven forms of renewable or alternative energy: solar, hydroelectric, wind and ocean energy (such as tidal); geothermal (including ground heat pumps); and biomass and hydrogen. Some consider nuclear power to be a ‘green’ energy, but it isn’t from a renewable source.
Some forms of renewable energy, such as wind and solar, do vary in their effectiveness, being dependent on the weather; and hydroelectric can also provide seasonal fluctuations if a dam isn’t providing the water source. However, solar and hydro power can be used together to provide a steadier stream of electricity, as solar tends to provide more output in summer and autumn while hydro delivers more in winter and spring. If managed well, alternative energy can be more reliable than one might expect. Some types of alternative energy, such as anaerobic digestion, can provide reliable electricity and waste heat for heating on a 24/7 basis.
This is a commercial power generation risk, not an office-based combined policy, and the excesses need to be viewed on that basis. An excess is there to remove small and minor losses while allowing policyholders to still be able to protect their main exposures at an affordable price. This ultimately helps keep costs down.