Insurance Program Design & Placement
We specialize in insuring renewable energy clients with a deep understanding of the industry’s unique risks and insurance needs. Our approach is not one-size-fits-all. We work closely with you to understand your specific needs and design a customized insurance program that provides comprehensive coverage for your renewable energy projects. With years of experience in the renewable energy sector, we have the expertise and knowledge to navigate the complexities of insurance placement, ensuring you get the right coverage at the right price.
Beyond insurance placement, we offer expert risk management advice to help you identify and mitigate risks, protecting your assets and minimizing liabilities. Our thorough contract review process ensures that your contracts effectively transfer risk, protecting you from unforeseen liabilities. We analyze contracts to ensure that all parties understand their insurance obligations and that the contracts align with your risk management goals.
Some of our product offerings are as follows:
- General Liability
- Auto Liability
- Workers Compensation
- Umbrella Liability
- Property Coverage for Owned Assets
- Builders Risk
- Ocean Cargo
- Cyber Liability
- Parametric & Shortfall
- Management Liability
- Professional Liability
- Pollution Liability
- Capacity Performance
Surety Bonds
Our agency offers tailored surety bond solutions that are designed to meet the specific needs of renewable energy projects, ensuring that you get the coverage you need at competitive rates. We have strong relationships with surety providers, allowing us to negotiate favorable terms and conditions for our clients, including better capacities. A few of our product offerings are as follows:
Surety-Backed Letters of Credit (SBLCs): We offer SBLCs, where banks front the surety, keeping the credit extension off your balance sheet and freeing up established bank relationships for other uses.
Payment and Performance/Construction Bonds: Our expertise in working with EPC clientele allows us to navigate better surety capacities and terms for their ventures, especially with the surge in portfolio-based project awards to EPCs.
Interconnection Facilities Study and Network Upgrade Securities: We work with utilities like PNM, Pacificorp, Dominion, SCE, PG&E, Duke Energy, Entergy, Ameren, and more for interconnection facilities and network upgrade securities.
PPA Securities: We provide securities for both pre-COD (Commercial Operation Date) and post-COD, ensuring that your projects are covered throughout their lifecycle.
Equipment Deposits to Manufacturers: Our relationships with industry stalwarts such as First Solar, Canadian Solar, Boviet Solar, Mitsubishi, CATL, Samsung, and BYD allow us to facilitate equipment deposits to manufacturers efficiently.
Decommissioning: We help asset proprietors meet increasing demands for security from municipalities, towns, and landowners for system decommissioning post the PPA’s term, offering varied bond formats that suit your needs.
Solar Module Recycling: In jurisdictions with mandates for proper solar module recycling, we provide security measures to ensure compliance and proper recycling practices.
Project Finance Support
We specialize in providing project finance support for renewable energy clients offering a deep understanding of the industry’s unique financial and insurance needs. With increasing losses in the sector, especially due to severe storms and hail, our agency offers expertise in mitigating these risks through tailored insurance solutions. Lenders and partners rely on our expertise to ensure compliance with strict insurance requirements imposed via various consultants protecting their investment and providing peace of mind.
We engage with our clients early in the development and financing process to identify a project’s actual exposure to catastrophic risk, ensuring that insurance solutions align with risk realities. Through Probable Maximum Loss Studies we negotiate lower natural catastrophe limits saving our insureds on added premiums while maintaining adequate coverage levels. Our focus on client/broker communication ensures that your needs are understood and addressed promptly, providing a seamless experience throughout the project finance process.
Tax Insurance
Our agency specializes in providing tax insurance solutions for renewable energy clients ensuring that you receive tailored coverage that meets your specific tax requirements. We have established strategic partnerships with leading tax insurance providers allowing us to offer you access to a wide range of products and services that are designed to mitigate your tax-related risks effectively. Our tax insurance solutions provide comprehensive coverage for a variety of tax-related risks, including tax credit recapture, transfer pricing disputes and tax audit liabilities, giving you peace of mind knowing that your tax exposures are adequately managed.
We take a proactive approach to tax insurance, working closely with you to assess your tax exposures and develop customized insurance solutions that address your specific needs and objectives. Our team and partners are dedicated to providing responsive and personalized service ensuring that your tax insurance needs are met promptly and efficiently and that you receive the support you need throughout the insurance process.
Project Due Diligence
We specialize in providing project due diligence services for renewable energy clients leveraging our expertise to assess and mitigate risks specific to the industry. Through our partnership with CoreLogic, a leading provider of property data and analytics, we have access to high-quality modeling data that enhances the accuracy and reliability of our risk assessments. Our agency models for perils such as hail, flood, earthquake, wind and brushfire, allowing us to accurately assess the potential impact of these events on your projects.
With years of experience in project due diligence, we have a proven track record of delivering reliable and effective risk assessments that help our clients make informed decisions and protect their investments. We prioritize client satisfaction, offering personalized service and guidance throughout the due diligence process, ensuring that your specific needs and objectives are met.
Contract Review
We specialize in reviewing contracts for renewable energy clients leveraging our industry expertise to ensure that your contracts are tailored to meet your specific needs and objectives and helping you identify and mitigate risks before they become liabilities. We have a deep understanding of indemnification wording that is lawful and most beneficial to our clients, ensuring that your contracts provide you with the necessary protection against liabilities. Our agency pushes back on non-practical limit requests, ensuring that your insurance requirements are reasonable and aligned with industry standards, saving you from unnecessary costs and ensuring adequate coverage.
With years of experience in contract review, we have a proven track record of delivering reliable and effective contract reviews that protect our clients’ interests and minimize their liabilities. We prioritize client satisfaction, offering personalized service and guidance throughout the contract review process, ensuring that your contracts meet your specific needs and objectives.
Safety & Risk Engineering
With a deep understanding of the renewable energy industry, we provide safety and risk engineering solutions that are specific to the challenges and risks faced by renewable energy projects. We have an in-house safety team dedicated to providing expert safety solutions tailored to the unique needs of our clients. Our agency offers comprehensive safety solutions, including risk assessments, safety training, and safety program development, to ensure the safety and well-being of your workforce and project. We also partner with Partner Engineering & Science, a leading provider of risk engineering services, to offer specialized risk engineering solutions for renewable energy projects.
We have a proven track record of delivering effective safety and risk engineering solutions for renewable energy clients, ensuring compliance with safety regulations and minimizing risks. We prioritize client satisfaction, offering personalized service and guidance throughout the safety and risk engineering process, ensuring that your specific needs and objectives are met.
Employee Benefits
We specialize in providing employee benefits solutions for renewable energy clients. Our agency offers comprehensive employee benefits packages that are tailored to meet the specific needs of your workforce, ensuring that your employees are well taken care of. We work with a wide range of insurance carriers to offer cost-effective employee benefits solutions that meet your budgetary requirements without compromising on coverage. With a strong focus on compliance, we ensure that your employee benefits programs adhere to all relevant regulations, minimizing the risk of penalties and lawsuits.
Our team is dedicated to providing responsive and personalized service, ensuring that your employee benefits program runs smoothly and efficiently.
