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Solar Energy Insurance

Solar is one of the fastest-growing renewable energy resources in the world, and those who invest in, develop, install and maintain solar energy operations face a unique set of challenges.

Travelers offers specialized coverages and risk strategies to help protect solar power customers.

Core insurance offerings

Travelers provides a broad range of insurance products to meet the needs of solar energy 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 solar energy insurance right for?

  • Investors in, and developers, owners and operators of, commercial and utility-scale solar 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 solutions that work for you.

Businesses engaged in work for the solar industry, including contractors, manufacturers, 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.     

How much does commercial solar insurance cost?

Solar insurance cost will depend on the size of your operation, the specific risks you are exposed to and coverage amounts and deductibles you choose. Your agent can help review risks and provide a quote for coverage that would best protect your company.

Related products & solutions

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Broad coverage to protect against pollution liability risks and losses resulting from acts, errors or omissions in the performance of contractor professional services.

Travelers offers a broad package of specific coverages for nearly every equipment loss scenario.

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.

Travelers can help both individuals and businesses – ranging from small to multinational companies – with their commercial surety needs.

Our specialized construction underwriters have deep industry knowledge and an ability to provide flexible, innovative solutions.

Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or financial institution.

More Prepare & Prevent

Insights to help you manage risks at work and on the road

Related services

In the energy industry, any loss, large or small, can be catastrophic to a business. Travelers’ field-based consultants can help solar energy customers manage property, safety and health exposures. Services include solar maintenance consultations, severe product reviews and contractual risk transfer analysis.

Travelers understands the importance employers place on effectively managing claim costs to help the long-term success of their business. Travelers’ dedicated general liability and construction defect Claim professionals have the deep expertise of solar array development claims, with a focus on enforcing risk transfer and proactive subrogation against responsible parties.

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Tailor coverage to address the risks to your business.