Renewable Energy Insurance
What You Need to Know About
Renewable Energy Insurance
Since 1956, RJ Ahmann Company has been a premier provider of insurance for renewable energy companies nationwide.
If you're a business in the energy sector, you need cost-effective, customized renewable energy insurance.
Unpredictable weather, operational hazards and environmental issues are just a few of the inherent risks confronted by the energy sector. And seemingly smaller risks, like equipment breakdown, can significantly impact a company's bottom line. Many traditional insurance policies don't adequately cover the varied exposures of the energy industry. Renewable energy operations need specialized coverage and a broker who knows the business. That's why RJ Ahmann provides tailor-made insurance solutions for a variety of alternative energy organizations, including:
- Biodiesel producers
- Ethanol producers
- Wind power facilities
- Solar energy facilities
Every year the percentage of U.S. electricity generated from renewables increases. In April 2009, renewable energy accounted for 13 percent of U.S. electricity.
The coverage required by most renewable energy companies includes:
- Property damage: Dryer fires are a relatively common occurrence in ethanol plants. Wind turbines are damaged by lightning. Hail storms can severely damage solar energy facilities.
- Equipment breakdown: A single wind turbine can cost more than $1 million to construct. If the shaft in the turbine breaks and damages the gears in the generator, are your repairs covered? If an ethanol plant operator fails to open a valve and a tank implodes, will your insurance coverage repair the tank and replace the lost income the plant would generate until the tank is repaired?
- Business interruption: When property damage and/or equipment breakdown occurs, the business interruption that usually ensues can translate to hundreds of thousands of dollars in lost earnings and extra expenses every day if you're not properly insured.
- Workers' compensation: The risks of employee injuries abound in the energy sector. All it takes is one lockout/tagout oversight for a fatality to result. Imagine the outcome of one of your employees maintaining the interior of a fermentation tank and another employee opening a valve, filling it with hot product. To reduce the frequency and severity of work comp claims, companies must implement industry-customized safety plans. The risk management experts at RJ Ahmann are qualified to help you facilitate a safer workplace.
- Liability insurance: If your products or services result in another's bodily injury, you could be held liable. For example, if a load of contaminated ethanol reaches the retail pump, the resulting damages to vehicle engines could be very expensive.
- Business auto insurance: As in all businesses, auto liability represents a major exposure in the energy sector. If an employee is in an accident while driving on company business, your company can be held liable.
- Umbrella insurance: Most well-thought-out risk management programs include an umbrella policy to protect you against catastrophic claims that exceed standard policy limits.
- Pollution insurance: All energy companies, but especially biofuel producers, have environmental impairment liability exposures. Product spills at your plant or while in transit to wholesale or retail facilities can cost you millions of dollars.
A smart solution
If you're looking for biofuel insurance, wind power insurance or solar energy insurance, or if you have a question about your exposure, RJ Ahmann can help. We offer energy-tailored coverage packages customized for your company's unique risks. Our experienced energy experts will help you obtain comprehensive, cost-effective green energy insurance through a variety of "A" rated carriers so you can rest assured that your company is protected with stable, reliable renewable energy insurance coverage.
To ensure that you get the strongest renewable energy insurance protection at the best rates, we...
- Offer in-depth knowledge of renewable energy exposures and a wide range of cost-effective solutions.
- Maintain strategic partnerships with leading energy insurance carriers and preferred relationships with the major environmental impairment liability insurance carriers.
- Skillfully negotiate coverage design and placement.
- Keep you informed throughout the claim process and advocate for optimal claim outcomes.
Ready to Learn More? RJ Ahmann is Ready to Help with Solutions for Renewable Fuels Insurance, Wind Generation Insurance and Solar Insurance!