Energy Storage Systems Insurance
Renewable energy sources, including solar and wind producers, continue to proliferate at an ever-increasing rate. As a result, energy storage systems, such as battery energy storage systems (BESS), are rapidly emerging as essential components to help both store excess energy and discharge energy when necessary. Travelers understands the unique risks energy storage customers face and offers a selection of specialized coverages and risk management solutions to help renewable energy businesses protect their property and operations.
Core BESS product offerings
Travelers offers a broad spectrum of coverage solutions to meet the needs of energy storage customers – from installation to permanent operations. Our core product offerings include:
- Inland marine property coverages on a special-form basis:
- Permanent Property & Operations coverage – Designed to protect both the property of your business and your ability to resume operations after disruption.
- Builders' risk coverage – Designed to protect structures and materials during construction, as well as additional expenses that may arise during the project.
- Equipment breakdown – Built to protect equipment and machinery from unforeseen failures.
- Commercial auto – Covers vehicles used in your business. May include liability and physical damage coverage for your company-owned or operated vehicles and trailers.
- Commercial general liability – Protects your business from third-party claims for bodily injury, property damage from incidents that may occur or for specified personal injury offenses (such as libel or slander).
- Workers compensation – Helps protect both employees and your energy organization after work-related injuries or illnesses.
- Umbrella/excess casualty – Provides extra liability protection for large, catastrophic events.
Who is energy storage systems insurance right for?
- Investors in, and developers, owners and operators of, commercial and utility-scale energy storage installations
- Installation, maintenance and service contractors
Global reach with Travelers Syndicate 5000
Travelers’ service and commitment to renewable energy is worldwide. Based in London, the Travelers Syndicate Renewable Energy team is made up of respected and market-leading underwriters supported by specialist engineering expertise. They work closely with their U.S. counterparts to bring the same deep knowledge and consistent service to highly complex renewable energy projects.
Committed to finding energy storage solutions that work for you.
Businesses engaged in work for the energy storage industry, including contractors, integrators, distributors and more, have access to Travelers’ extensive network of specialized divisions and broad range of products.
Talk to your agent to discuss your needs and how Travelers can help.
Related products & solutions
Builders' risk
Our enhanced builders’ risk product goes beyond the basics with a broad coverage form designed specifically for the diversity of construction projects that come your way.
Equipment breakdown coverage
Travelers offers a broad package of specific coverages for nearly every equipment loss scenario.
Environmental and contractors professional practice
Broad coverage to protect against pollution liability risks and losses resulting from acts, errors or omissions in the performance of contractor professional services.
CyberRisk
Provides organizations of all sizes coverage to help protect against losses resulting from data breaches and other fast-evolving cyber exposures.
Commercial surety
Travelers can help both individuals and businesses – ranging from small to multinational companies – with their commercial surety needs.
Management and professional liability
Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or financial institution.
Travelers Innovation Network for Energy
Take advantage of access to and discounts* from this specially curated collection of vendors and resources, available to Travelers customers.
More Prepare & Prevent
Insights to help you manage risks at work and on the road
Resources for the Energy Industry
3 Ways Surety Bonds Help Safeguard Renewable Energy Projects
Renewable energy stakeholders often turn to surety bonds to guarantee that all contractual obligations will be met.
Resources for the Energy Industry
4 Weak Links in Renewable Energy's Global Supply Chain
As efforts for a more sustainable future increase, so does the demand for renewable energy. This demand exposes threats to the renewable energy supply chain. Explore the weak links in renewable energy’s global supply chain now.
Resources for the Energy Industry
Battery Energy Storage System (BESS) Technology Growth and Risks
Advancements in battery storage, or battery energy storage systems (BESS), technology come with unique risks. Learn what’s happening in the BESS industry today.
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