Underwriting

Renewable Energy

AEGIS is an industry leader in the renewable energy sector with years of experience underwriting the risks associated with wind, solar, geothermal and hydroelectric generation.

Our renewable energy expertise extends to all emerging power sources and technologies and we are pleased to explore coverage options for our members. Our property and excess liability underwriters work closely with our Loss Control engineers and Claims professionals to provide a complete range of insurance products and services that are tailored specifically to the construction and operation of renewable energy facilities.

Property coverage

  • US $200 million in capacity plus additional capacity that may be available from our new property consortium.
  • Full US $200 million limit available plus additional capacity and non-cancelable for construction projects up to five years. Periods longer than five years also available for specific projects.
  • One policy covers all phases – from initial construction through the first full year of the completed facility’s operation – including time element coverages.
  • Time element coverages are available for operational facilities as well as those under construction.
  • Coverage is available for utility companies and owner/operators.
  • For U.S. members, AEGIS policies will be issued on a surplus line basis. For Canadian members, AEGIS policies will be issued on a Canadian licensed basis.
  • Property program credits available for eligible policyholders.

Excess Liability coverage – operational risks

  • US $35 million limit.
  • Excess over a minimum underlying insurance or a self-insured retention of $200,000 each occurrence.
  • Coverage is written on a claims-first-made basis with flexibility on the policy form.
  • For US members, AEGIS policies will be issued on a surplus line basis. For Canadian members, AEGIS policies will be issued on a Canadian licensed basis.
  • Continuity credits available for eligible policyholders.

Excess Liability coverage – construction risks

  • US $25 million limit.
  • Coverage is written on an occurrence basis.
  • Policies will be issued on AEGIS non-admitted paper.
  • Multi-year policy options can be tailored to each construction project.
  • Continuity credits available for eligible policyholders.

Claims and Loss Control services available only at AEGIS

  • A claims process that’s collaborative and exceptionally fair distinguishes AEGIS from the commercial insurance market. Our Claims professionals listen closely, ask well-informed questions and work directly with members to manage claims together.
  • AEGIS Loss Control engineers conduct risk assessments of wind, solar, geothermal, hydroelectric and biomass builders risk projects and operational facilities throughout the U.S. and Canada.