Renewable Energy Insurance, Benefits and Risk Advisory
Renewable energy projects bring together technology, capital, construction, contracts and long-term operating risk. Decisions made during siting, procurement and development can affect insurability, financing and project performance long after an asset reaches commercial operation.
HUB serves developers, independent power producers, owners and operators, EPC contractors, equipment manufacturers and investors across solar, wind, battery energy storage systems (BESS), hydro, geothermal, biogas and biomass, and emerging technologies.
Working alongside you as a strategic advisor, our Renewable Energy specialists take a whole-project view, combining industry knowledge, insurance, risk advisory, claims and surety expertise to help identify exposures earlier, protect project value and support assets from development through long-term operation.
Stay Ahead of Industry Challenges
Manage the risks that change across technologies, provinces and project stages
No two renewable energy projects carry the same risk. Geography, technology, equipment selection, contractors, financing, utility requirements and operating practices can all affect how a project is underwritten and how an insurance program responds when something goes wrong
Top Risk Exposures
Risk Strategies & Solutions
Connect insurance, risk and surety across the project lifecycle
Renewable energy risk does not sit neatly inside a single policy. HUB brings together specialized insurance, risk advisory, claims, surety and workforce capabilities to help organizations address interconnected exposures across their assets, operations, contracts and people.
Tailored Solutions for Your Industry
Renewable energy insurance programs need to reflect the technology, project stage, geography, contractual structure and financial consequences of downtime.
Depending on the project and organization, solutions can include property and equipment breakdown, builders risk, business interruption, delay in start-up, cargo and property in transit, commercial general liability, environmental liability, professional liability, cyber and directors and officers coverage. Warranty and technology performance solutions, parametric coverage and other specialty products may also be considered where relevant.
HUB’s Renewable Energy specialists help align coverage with the actual project, including equipment values, natural catastrophe exposure, construction and operating responsibilities and contractual requirements.
Renewable energy risk extends beyond the policy into site selection, engineering controls, contracts, equipment specifications, emergency planning and business continuity.
HUB provides access to specialists across property risk engineering, natural catastrophe exposure, hazard assessment, contract and insurance requirement review, emergency management and other risk disciplines. Claims advocacy helps clients navigate losses involving equipment damage, technology obsolescence, extended replacement timelines and business interruption.
Surety obligations can arise throughout the renewable energy lifecycle, from development and interconnection through construction, operation and decommissioning.
Depending on the project, requirements may include interconnection security, performance and payment bonds, power purchase or operational performance security and decommissioning bonds. HUB’s surety specialists help clients evaluate the obligation, financial capacity, project economics and required bond structure to determine where surety may support the project while preserving liquidity for other priorities.
Renewable energy organizations compete for specialized engineering, technical, construction and operational talent, often across dispersed projects and regions.
HUB helps organizations develop employee benefits strategies that support recruitment and retention while managing evolving workforce needs, program costs and the demands of continued growth.
As renewable energy organizations expand across projects and regions, their people infrastructure needs to keep pace.
HUB helps organizations strengthen compensation and total rewards, HR infrastructure and workforce strategy, providing support designed to help attract and retain specialized talent while building a people function that can evolve with the business.
For renewable energy organizations competing for experienced engineers, technicians, project leaders and other specialized talent, retirement benefits can strengthen the broader employee value proposition.
HUB helps organizations develop and manage retirement strategies that support workforce goals and evolve alongside the needs of the business and its people.
HUB’s Impact
Canadian renewable energy expertise from project planning through claims
Renewable energy risk changes as projects move from development and construction into operation, expansion and eventual decommissioning.
HUB combines a specialized Renewable Energy Practice with local service, risk consulting, contract review, claims advocacy, surety expertise and insurance market access. Our specialists stay engaged beyond placement, helping clients understand how project decisions affect risk and keep their programs aligned as technology, operations and obligations evolve.
Case Studies
Engagement Strengthened
Read the Case Study to learn how HUB helped to develop a communication strategy that resulted in a 20% increase in employee engagement at Open Enrollment.
Industry Insights
Insights for managing renewable energy risk
Explore perspectives on the technology, insurance and risk issues affecting renewable energy projects, from changing equipment and natural catastrophe exposure to construction, claims and long-term asset management.
