Renewable Energy

As much of the world increases its efforts to rewire the existing energy system and create something that is cleaner, cheaper and more secure, many risk profiles are changing. Through this transformation we are helping customers to de-risk their investments and protect their assets and liabilities with wide ranging and innovative solutions.

Our team is a worldwide network of energy and risk management specialists with a focus on strategic market engagement. We have extensive experience in programme design and placement for the most challenging of risks.

Our in-depth knowledge of technical and commercial challenges in the renewable energy sector enables us to assist our clients for the duration of the project lifespan, from construction through to the operational phase and beyond.

We are able to create solutions using global expertise and practice, enhanced with regional nuances and relevance to meet your project challenges and requirements.

Our expertise

• Wind – onshore, offshore
• Solar – ground mounted, rooftop utility
• Bess – storage and battery projects
• Hydro – run of river, pumped hydro
• Biomass
• Hydrogen
• Carbon capture, utilisation and storage

Our covers

• Professional indemnity insurance
  • Professional indemnity insurance covers the cost of compensating clients for loss or damage resulting from negligent advice provided by a business or an individual, primarily regarding the design and output or yield of a project.

• Third-party liability
  • Provides protection for a business for legal liability to pay damages arising out of injury or damage caused to third parties or their property during the performance of the business during the construction and operational phase of a project.
    

• Marine Cargo insurance
  • Marine cargo insurance provides indemnity to cargo owners and/or financiers against financial loss arising as a result of physical loss, damage, expenses incurred or liability from the transportation process, by air, sea and/or land, of cargo from one place to another place.

• Construction & Marine DSU
  • This insurance covers loss or reduction in revenue as well as increased cost incurred to avoid or minimise such a loss. What it covers is the loss in projected revenue earnings on account of loss or damage during construction/ and or marine transits resulting in delayed commencement of operations.

• Contract All Risks (CAR) & Erection All Risks (EAR)
  • Provides cover for accidental physical loss or damage to the works under construction, from damage such as fire, storm, lightening, malicious damage, impact, theft on site and/or stored remotely and includes limited cover whilst in transit. Both include the time limited maintenance period required to rectify defects, errors and omissions. CAR cover relates to building works whilst EAR covers the assembly of plant and machinery, including testing and commissioning.

• Operational All Risks
  • Provides property damage all risks cover including machinery breakdown for damage to project assets. In addition, this policy can be extended to include business interruption.

• Guarantees
  • A guarantee is a professional, third-party opinion of the contractor’s ability to perform and successfully deliver on a specific contract. Various guarantees are available, including Construction, Performance, Operation & Maintenance Guarantees.

• Alternative Risk Transfer (ART)
  • Alternative Risk Transfer is the use of alternative techniques to achieve the same hedging and transfer of risk away from traditional insurance or reinsurance products. ART provides numerous opportunities for business wanting to effectively manage their own risks.

• SASRIA
  • Short term insurer providing unique cover against risks such as civil commotion, public disorder, strikes, riots and terrorism. Sums insured are limited and may require additional cover.

• Political, violence, terrorism & riot wrap insurance
  • Provides additional cover for loss of profits, contingent business interruption & material damage in excess of SASRIA limits, both within in SA and outside its borders. The riot wrap cover also provides cover for exclusions of war, civil war and terrorism which are not covered under SASRIA.