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What Is It? What is Renewable Energy & Electric Mobility Insurance?

What is Renewable Energy & Electric Mobility Insurance?

A composite insurance programme built for businesses across the clean energy value chain — solar and wind manufacturers, battery and storage producers, EPC contractors erecting plants, and operators running EV charging networks. It brings property, erection, transit, machinery and liability covers together instead of forcing a generic commercial policy onto a highly specialised asset base. Cover follows the asset through its lifecycle — from imported components in transit, through construction and erection, into live operation — so a single incident, whether a fire at a module plant or a cable fault at a charging hub, doesn't become a balance-sheet event.

What is it Important? Why is this policy vital for the sector?

Why is this policy vital for the sector?

Solar, wind and battery assets carry long project timelines, imported equipment, and exposure to weather, fire and equipment failure — often before a single unit of revenue is generated. EV charging operators carry a different risk: public-facing infrastructure, electrical faults and third-party liability spread across many small sites. A single loss event, a container damaged in transit, a fire during commissioning, or a charger fault causing injury, can stall a project or trigger a liability claim well beyond the value of the equipment itself. The right cover protects capital committed during construction and keeps operations running through the incidents that inevitably occur in a fast-scaling industry.

Know Your Policy

Understand Your Insurance Before Buying

Click any tab to explore each aspect of your policy

Who Needs this Policy?

Solar EPC & Installers

Cover for equipment on site, work-in-progress and the erection period through to commissioning.

Module, Cell & Turbine Manufacturers

Raw material, plant & machinery and finished goods across the production facility.

Battery & BESS Manufacturers

Fire and thermal-event exposure across production, storage and outbound logistics.

EV Charging Station Operators

Property, electrical breakdown and public liability across a distributed network of sites.

EV & Component Manufacturers

Product liability and plant cover for motors, controllers, batteries and drivetrain parts.

Wind Farm Developers & O&M

Erection, machinery breakdown and business interruption across the operating life of a farm.

Types / Add-ons Commonly Offered

Erection All Risk (EAR) Covers plant & machinery from the start of erection through to commissioning.

Machinery Breakdown Sudden and unforeseen damage to inverters, turbines, transformers and production equipment.

Marine / Transit Cover Imported panels, cells, turbines and batteries covered from origin to site.

Fire & Property Cover Manufacturing plants, warehouses and charging infrastructure against fire and allied perils.

Public & Product Liability Third-party injury or property damage arising from equipment or charging infrastructure.

Business Interruption Loss of revenue while a covered event stalls production or an operating site.

What all is Covered?

Fire & Explosion

Cyclone, Flood & Natural Perils

Lightning & Surge Damage

Equipment Breakdown

Transit & Import Damage

Erection Period Loss

Theft & Burglary

Third-Party Liability

Product Liability

Business Interruption

Cyber / SCADA Exposure

Riots, Strikes & Malicious Damage

Inclusions & Exclusions

✓ Inclusions 5

Plant & Machinery Loss or damage to declared machinery at the insured site.

Erection Period Cover Damage during construction, erection and testing, before commissioning.

Transit (Marine) Imported components covered from origin port to installation site.

Third-Party Liability Injury or property damage caused to others by insured operations or equipment.

Business Interruption Loss of income following an insured physical damage event, as per schedule.

✗ Exclusions 5

Wear & Tear Gradual deterioration or performance degradation over time.

Manufacturing Defects Inherent design or manufacturing faults, unless separately declared.

Consequential Loss Indirect losses beyond what's specifically covered under business interruption.

Unreported / Undeclared Assets Equipment or sites not declared in the policy schedule.

War / Nuclear / Sanctioned Events Standard political and force-majeure exclusions.

Claims — Process & Examples

Claims information will appear here.

Frequently Asked Questions

Is a solar or wind plant covered during construction? +

Yes, Erection All Risk cover applies from the start of erection through commissioning, and can transition into an operational property policy once the plant goes live.

Are batteries covered against fire or thermal runaway? +

Fire and explosion cover extends to battery storage and manufacturing facilities when declared, subject to the insurer's underwriting and safety requirements.

Is a charging station network covered against vandalism or electrical faults? +

Yes, property and machinery breakdown cover apply to charging infrastructure, and public liability responds to third-party injury or damage at a site.

Does the policy cover imported equipment while in transit? +

Yes, marine transit cover can be added for panels, cells, turbines and batteries imported from overseas suppliers, from origin to site.

What documentation is needed to file a claim? +

Typically an incident report, asset schedule, purchase or import invoices, and a surveyor's report; exact requirements vary by insurer and loss type.

Know Your Client. Earn Their Trust.

“Our EPC cover finally matches how we actually build — erection through commissioning, not a generic property form. ”

★★★★★

Rohit Sinha

Director, Suryodaya Solar EPC

“They understood the fire risk profile of our battery line and structured cover around it, instead of a one-size property policy. ”

★★★★★

Neha Kapoor

Ops Head, Voltgrid Energy Storage

“Public liability across 60+ charging sites used to be a headache to place. Coverbizz brought it under one policy. ”

★★★★★

Arjun Varma

Founder, ChargeNow Mobility

“Claims support during our wind farm erection phase was quick and genuinely hands-on, not a call centre experience. ”

★★★★★

Priya Deshmukh

VP Projects, Pavan Wind Developers

Insurance built for the
energy transition

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