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Energy and environment insurance
In energy and environmental services, the risk changes over the life of the project: construction, commissioning and years of operation. The insurance programme has to keep pace with every phase.
Activities we advise on
Oller Brokers has been an insurance broker since 1952. It advises energy and environmental companies on the design, placement and review of their insurance programmes, with access to more than 70 insurers.
We advise developers and operators on the design of their programme, from construction through to operation. We review the full set of policies or a specific cover to improve terms.
- RenewablesSolar and wind farms, industrial self-consumption, biomass, biogas, hydropower, etc.
- Waste, water and environmental servicesWaste managers, water treatment and purification, environmental services, etc.
- Service stations and fuelsService stations, fuel distribution and storage, etc.
Risks and cover
Choose a risk to see which insurance covers it in the programme of a company in the sector.
Risk
Construction and erection
Damage during construction and commissioning of the facilities.
How it is covered
Risk
Operational damage
Weather events, fire, theft of components and equipment breakdown.
How it is covered
Risk
Loss of revenue
A breakdown or a loss halts the production and sale of energy.
How it is covered
Risk
Pollution
Environmental liability at service stations, waste plants, water facilities and energy sites.
How it is covered
Risk
Guarantees and bonds
Guarantees required in tenders, grid connections and contracts with public authorities.
How it is covered
Insurance they typically need
Every company is different. These are the policies that carry most weight in the programme of a company in the sector.
- Construction and erectionDamage to the works and the installation until commissioning.
- All risks property damageBuildings, machinery and stock against any damage not excluded.
- Business interruptionYour margin and fixed costs while operations are halted by a loss.
- Machinery breakdownInternal breakdown of machinery and equipment not covered by the property damage policy.
- Environmental liabilityPrevention and remediation of environmental damage.
- General liabilityDamage to third parties caused by the business activity and premises.
- Surety insuranceGuarantees to public authorities and clients, instead of a bank guarantee.
- FleetsCompany vehicles, on fleet terms.
Two ways to get started
Full programme review
We analyse all your policies together: duplicated cover, gaps, sums insured, deductibles and exclusions. We then present alternatives from different insurers.
Review of a specific policy
A renewal with a premium increase, a contract requiring new cover or a poorly resolved claim. We examine that policy and look for better terms.
Large risk programmes
A medium-sized or large company does not need a stand-alone policy, but someone to design, place and defend a complete programme. That is what we have been doing since 1952. See more
- Risk analysisWe study the business's activities, facilities, contracts and claims history. Working with specialist firms, we also offer a risk management service.
- Properly valued sums insuredWe review insured values and business interruption so that a claim payment is not reduced due to underinsurance.
- Access to the whole marketMore than 70 Spanish and international insurers, underwriting agencies and Lloyd's through coverholders.
- Co-insurance and excess layersWhen a risk exceeds one insurer's capacity, we spread it through co-insurance and structure it in as many excess layers as needed.
- International programmesFor groups with subsidiaries outside Spain, we coordinate international programmes that comply with each country's regulations.
- In-house claims teamSupports the business from notification through to settlement and defends its position with the insurer.
Frequently asked questions
What insurance does a solar farm need?
During construction, construction and erection all risks insurance; in operation, property damage, business interruption, machinery breakdown and liability. The details depend on the financing and maintenance contracts.
Does insurance cover theft of cable or panels?
It can, subject to the security measures required by the insurer. The limits and deductibles for theft should be reviewed.
Is an environmental guarantee compulsory for waste management?
Many waste management activities are required to put in place an environmental financial guarantee. We review your specific case.
Other sectors
Can't see your sector? We work with businesses in every field.
Let's talk about your business
We review your insurance programme, or the policy you're concerned about, with no obligation.