Solar is one of the fastest-growing segments of the renewable energy industry and now more than ever, it is important for insureds to differentiate their portfolio from others so that they can attract competitive insurance capacity. We guide clients through this process, even putting together professional video submissions that showcase highlights of the developer and their projects.
Additionally, Renewable Guard has expanded our carrier relationships beyond U.S. based insureds to international ones as well. We frequently travel to London, considered the heartbeat of insurance, to meet with our underwriters and maintain an informal panel of carriers to support our clients with consistent and competitive terms.
Bespoke Solutions for the Solar Industry
Concierge Insurance Services
Sometimes insureds feel like they are discarded or lost at big box insurance brokerages. Not here. With elite, high-caliber, and high-touch customer relations, we provide our clients with a concierge experience that they won’t find elsewhere.
Project finance closing support
We have bolstered our support for your closings by hiring a former STANCE insurance lender consultant on staff. Having represented lenders and tax equity investors on hundreds of renewable energy transactions, our consultant now uses that knowledge to help clients navigate insurance requirements for closings.
Renewable Guard helped innovate the first parametric hail solution for solar 3 years ago. Since then we have expanded to other severe weather exposures. Parametrics have the ability to be far more competitive than traditional insurance.
Tax credit insurance
With the passing of the Inflation Reduction Act, there are more questions than ever about the application of tax credits. This can also give investors heartburn and tax credit insurance is a great solution for addressing these concerns while helping deals get done.
Renewable Guard has helped to develop and provide surety resources that have many use cases in renewables. Bonds can often be used as an alternative instrument for the following: Interconnection Agreements, PPAs, Decommissioning, and Material Procurement or Purchase Order Bonds. Learn how our surety resources can improve liquidity.
How does your existing insurance program compare to the rest of the industry? The RG Scorecard is designed to help answer this question by benchmarking your program to the rest of the industry and providing you with your own personalized scoring.
Master Builder’s Risk
We have developed our own Master Builders Risk product to provide insurance during the construction of your projects. Terms are competitive and offer coverage that is better than the market.
Renewable Guard hosts a class for our clients to educate them and dispel many misconceptions around insurance claims. This class is designed to mitigate loss while showcasing our client support capabilities when claims do occur.