Preconstruction developmental liability insuranceThird-party liability insurance

Site preparation

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Risks begin even before your project launches. And continue long after operation ceases. Scroll down to explore the coverages AXIS offers at each stage of the renewable energy lifecycle.

AXIS renewable lifecycle coverage

FactoryFrom the

Inland transit insurance:Physical loss or damage, theft, and external perils.

Marine insurance: Physical loss, damage, theft, or external perils. Includes marine delay in start-up (MDSU) and loss of revenue due.

TransportationThrough

Construction all risks insurance (CAR): Physical damage, theft, external peril. Includes delay in start-up (DSU), covering any loss of revenue due to project delays.

Contingent delay in start-up: Delay caused by issues with the first non-owned substation.

Testing and commissioning insurance: Any physical loss or damage to insured equipment.

Terrorism:Covers physical loss or damage, and associated loss of revenue to the insured equipment as a result of a terrorist act.

InstallationTo

Operation all risks insurance (OAR):Physical damage including mechanical and electrical breakdown, external perils including business interruption (BI) and loss of income.

Contingent business interruption:Covers the loss of income when the first non-owned substation is damaged and the project is unable to export/sell electricity to the offtaker.

Liability insurance:Covers third-party property damage, products liability, and sudden and accidental pollution.

Terrorism:Covers physical loss or damage, and associated loss of revenue to the insured equipment as a result of a terrorist act.

OperationThroughout

Decommissioning liability:For the eventual deconstruction of the project and returning the site to its natural state.

DecommissionAnd

Our dedicated renewables team services a wide variety of clients, including large multi-national firms with complex risk exposures.

Risks begin before your project launches and continue after operation ceases.