Offshore Energy Insurance
Harnessing the power of offshore wind
The winds that once drove our vessels across vast oceans may now be the key to powering our future. Offshore wind provides one of the most reliable and powerful sources of renewable energy on the planet. The rewards are great. But the risks are unique. For the businesses who are boldly taking to the seas to chart a course for a greener future, Travelers provides innovative offshore energy risk management, safety management and quality assurance solutions.
Our market-leading underwriters and specialised Claims team have a thorough technical understanding of industry-specific risks. And, with in-house engineering, risk control and modelling, we can anticipate and mitigate risks yet to come. All while reducing the complexity, expense and resolution time of claims. When a business’s ambitions don’t end at the coastline, Travelers is here to help protect its present and future – no matter what the winds of change may bring.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
Fixed-bottom offshore wind
- Developers
- Constructors
- Owners
- Operators
- Independent power producers
- Utility companies
- Infrastructure and investment funds
- European operational accounts
- Construction
- Interim operations & operations
- Targeted UK & US lead position, construction and operational placements
We’ll consider
We may need more information to confirm a fit.
- Floating offshore wind
- Nearshore wind
We do not cover
Sorry, we’re currently unable to insure the following.
- Stand-alone transmission and distribution
- Interconnectors
- Prototypical wind technology
Offshore renewables covers & highlights
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All risks of direct physical loss or damage
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Machinery breakdown and ensuing time element across construction, interim operations and operational phases for businesses involved in electricity generation, transmission and distribution
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Construction all risks
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Delay in start-up
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Operational all risk
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Interim operations
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Business interruption
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Terrorism
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Third-party liability
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Marine cargo
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Marine delay in start-up
Related products
Onshore renewables
Worldwide coverage is available for a range of occupancies including onshore wind, solar and battery energy storage systems (BESS).
Upstream & midstream
With the technical expertise of our energy underwriters, clients can manage oil and gas sector risks and be advised on safety practices.
Power & utilities
For businesses involved in the transmission and distribution of electricity and gas, Travelers can provide cover that helps mitigate risk and minimise loss.
Marine & energy liability
When it comes to marine liability, our team writes a global portfolio of risks across all major classes, with cover tailored to your requirements.
Terrorism & political violence
In a volatile world, our expertise helps protect businesses against the devastating effects of terrorism or politically motivated violence.
Cargo insurance
Our in-depth expertise in the worldwide cargo industry ensures our clients have cover and risk management resources tailored to a broad range of exposures.
Employers’, public & products liability
Our products can provide cover for companies involved in a range of trades of all sizes, including those with locations and activities overseas.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
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