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Renewable Energy Insurance

Zurich is with you on the Renewable Energy journey

Zurich’s commitment to the Renewable Energy space aligns with our own dedication to helping reduce the world’s carbon footprint. From addressing our own carbon footprint and other measures to align our business activities with the Paris Agreement’s target of limiting temperature increase to 1.5 degree Celsius to our efforts to help our customers manage the emerging risk of climate change and support their transition to a net-zero society through use of our insurance products and services, sustainability is one of Zurich’s key values.

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Geopolitical tensions are driving momentum for renewable energy technologies

Geopolitical and economic volatility have heightened concern about the sustainability and costs of fossil fuels, sharpening the focus on renewable energy.
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Zurich NA Construction and Energy teams add sustainability roles

Alicia Pavelko rejoins Zurich as U.S. Head of Construction Innovation and Sustainability; Molly Dorsett returns as Head of U.S. Energy Casualty Renewables. Zurich also adds a Lead Underwriter of U.S. Renewable Energy Property.
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Managing the energy transition

With continued focus on the shift away from fossil fuels to clean energy, companies need to understand the impact on their business, employees and customers.

Why Zurich for Renewable Energy Insurance?

With over 30 years of experience, Zurich’s Energy Insurance professionals understand the challenges customers face. Our highly specialized team of Underwriters, Risk Engineers and Claims professionals delivers customized energy insurance coverage and services for businesses across the power-generation space, including the fast-growing renewable energy segment. From project initialization to full operation, Zurich Renewable Energy professionals deliver the risk management expertise and advice to help a project succeed.

Zurich is a multinational insurance company serving customers in over 210 countries and territories our global footprint  provides coverages and services where Renewable Energy companies need them — and the flexibility and collaborative solutions to help manage even the most complex risks.

Construction Expertise in Renewable Energy

Flexibility in Renewable Energy

What types of Renewable Energy operational exposures and construction projects can Zurich insure?

  • Solar – Electricity generation produced by large installations of photovoltaic cells, often sited in expansive solar farms for maximum exposure to the sun’s rays.
  • Wind – Power generated by wind turbines on land driven by natural air movement. From design through construction.
  • Hydro – Electricity generated by the power of water movement.
  • Geothermal – Utilizing heat generated in the Earth, geothermal power plants produce electricity by harnessing steam turbines that drive generators.
  • Biomass – Energy generated by utilizing organic material, the most common being plant-derived materials burned to create heat or generate electricity.
  • Battery Storage – Battery energy storage systems (BESS) devices that store energy from renewables to be released when customers need power.
  • Carbon Capture – The capture of CO2 from large point sources, such as power generation facilities that use fossil fuel or biomass as fuel, for storage underground.

What are the primary insurance solutions for Renewable Energy?

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Construction Insurance

For more than 25 years, Zurich has helped contractors and design professionals build for tomorrow, with insurance solutions for general contractors, trade contractors, design professionals, environmental contractors, consultants and project managers. We deliver services to Renewable Energy customers with a team of experienced Construction Underwriters, Risk Engineers and Claims specialists who help customers manage risk from start-up through full operation.
Learn more about construction insurance

Property Insurance

Zurich’s Energy Property team provides client solutions from design through operation. Whether the need is for Cargo, Inland Marine, Construction, Financial Products, or Operational coverage, we have the expertise to provide or develop solutions for your coverage needs.

Zurich has been a pillar in the Power Generation Industry providing stable capacity for decades. We are dedicated to supporting our clients and the Energy Industry as it transforms to more sustainable technologies. Zurich’s Energy Property team provides client solutions from development, integration through operations. Coverage can include Cargo, Inland Marine, Construction, Financial Products, as well as Operations. Zurich has the Underwriting, Claims, and Engineering expertise to provide or develop solutions for your coverage needs. 

Learn more about property insurance
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Casualty Insurance

Zurich offers a full suite of Casualty solutions for the needs of sustainable energy businesses, from General Liability and Commercial Auto to Workers’ Compensation. What sets Zurich apart is a degree of flexibility allowing us to accommodate both renewable and traditional power generation accounts with the same underwriter. We customize program structures from guaranteed cost plans through loss-sensitive options, also offering consistent lead excess capacity. All this is delivered via a thorough underwriting process oriented toward long-term consistency and holistic solutions, supported by Zurich’s respected Claims and Risk Engineering services.
Learn more about casualty insurance

FAQs

  • What is Renewable Energy?
    Renewable energy is energy derived from natural sources that are replenished at a higher rate than they are consumed. Sunlight and wind, for example, are sources that are constantly being replenished.1
  • Why is Renewable Energy important?
    According to the International Energy Agency, by 2050 the energy world will look completely different to today. Global energy demand will be 8% smaller than today but it will serve an economy more than twice as big and a population with two billion more people. Almost 90% of electricity generation will come from renewable sources, the IEA predicted in its Net Zero Roadmap.2 Zurich is dedicated to supporting our clients and the Energy Industry as it transitions to sustainable technologies. Including the distribution of renewable energy.
  • Who needs Renewable Energy Insurance?

    Renewable Energy technologies now account for 20% of U.S. energy generation, a percentage that will continue to grow in the years ahead.3

    Utilities and independent power producers are expanding and they, along with the construction companies building green energy projects, all need insurance programs that meet their needs today and anticipate their needs tomorrow.

  1. “What is Renewable Energy.” United Nations Climate Action.
  2. “Pathway to critical and formidable goal of net-zero emissions by 2050 is narrow but brings huge benefits, according to IEA special report.” International Energy Agency. 18 May 2021.
  3. Office of Energy Efficiency & Renewable Energy. U.S. Department of Energy.