Your Multi-risk business insurance
Your Multi-risk business insurance at a glance
Multi-risk business insurance covers you during the operating phase of the renewable energy production asset. It is the “counterpart” of CAR (Construction All Risks) insurance, which covers you further upstream, during construction.
We’ll work with you to review the outlines of your project to determine the best insurance strategy.
Your cover for damage related to the facility
In addition to operation, Multi-risk business insurance also covers damage to the facility, such as natural events, fire, theft, vandalism, etc.
Your questions about Multi-risk business insurance
Who should take out Multi-risk insurance?
This insurance must be taken out by the Project Owner (SPV), who is then the owner of the renewable energy production facility.
It covers you for a period of 12 months and is renewed each year. It will need to be amended if the insured property itself is modified during this period.
What are the possible extensions to insurance cover for renewable energy production?
We provide two possible extensions, with:
- electricity producer liability;
- loss of income.
The Alexis Assurances team can also help you supplement your cover with the insurance required for your business.
Find out more about our solutions.
Is Multi-risk business insurance mandatory?
Multi-risk insurance is not required by law. However, we strongly recommend it! On the one hand, to secure your operations and speed up claim management. And also to get your project financing approved.
In many cases, financial institutions make this a requirement as part of the loan documentation. Our Alexis Assurances team can help you define the right Multi-risk business insurance policy to comply with these requirements.