A Growing Need for Clean Energy Insurance

Climate change is certainly driving changes in insurance pricing and availability. But it is also driving a much more fundamental change in how managers and business leaders view the broad risk profile their firm presents to insurers, investors, employees and any other stakeholders. Companies should be engaging risk management, financial, and legal professionals who are capable of providing you with advice and collaborative counsel on this issue.

Deland Gibson Clean-Energy Insurance (DGI/CEI) is an insurance broker and risk management advisor focused on the clean energy and clean technology marketplace. Based in Wellesley, MA – with clean-energy insurance resources in Hartford, New York, and London – our experience has found that a focused approach to risk brokerage and advisory services for renewable energy clients, using global resources, offers insurance solutions that are unparalleled for addressing clean-energy exposures while also providing significant claim action. 

Clean Energy Solar Panel Image

Our Clean Energy Clients

Our DGI/CEI practice is an asset to the following clean-energy technology companies:

  • Developers, owners and operators in the business of producing electricity
  • Bio-fuel and specialty chemical producers using feedstock other than petroleum
  • Equipment manufacturers and firms developing new technologies that mitigate climate change
  • Financial services firms active in growing arena of monetizing environmental attributes
  • Service firms in energy efficiency and demand side management

Clean Energy Risks and Losses

Renewable Energy companies face the same exposures to risk as any other commercial enterprise. Traditional risks can range from a fire causing a loss in a supply chain, to a lawsuit arising out of a contractual obligation. Moreover, it is difficult predicting the revenue stream. The challenge comes in quantifying the time element exposure (Business Interruption) since many renewable energy projects rely on unreliable production tax credits, renewable energy credits (RECs), CO2 allowances, and other government or regulatory regimes. Likewise, additional exposures include: physical damage to business property, third-party damages, director’s & officer’s risk, investment risk from shareholder demands, and possible brand damage from a cyber-loss.

Get a Detailed Risk Assessment

DGI/CEI practice is a niche risk consultant that supports our clean-energy clients on the road to their success in this emerging industry by creating integrated risk management solutions. Our suite of resources includes:

  • Project risk management, supply-chain risk consulting (ERM), contract review
  • Claims handling
  • Benchmarking of terms, loss history and premium
  • Risk transfer specialists in carbon trading liability, and loss of production and resources from PV systems