Master Builders Risk
As the Innovator of a Master Builders Risk program, Renewable Guard has significantly differentiated itself from our competitors. We worked closely with an A rated market to develop a builders risk program to provide our clients with superior coverage at rates that are 20% – 30% lower than market. Our program removes or reduces waivers, is commercially viable, and transfers CAT/deductible risk to the insurance carrier.
Full Cat limits vs. cat sublimit
In some instances, we are able to provide full CAT limits for severe weather on projects. For more CAT-exposed projects, we integrated our parametric solutions with our MBR to achieve higher CAT limits at more affordable terms.
CAT deductibles that are % of loss vs % of limit – Namely Severe Convective Storm (Tornado/Hail)
On a large utility-scale project, this can be the difference between a deductible in the hundreds of thousands vs. millions.
Contingent Delay in Start-Up coverage (We see others unwilling to offer this financing party requirement for many projects).
This pays for lost income if a damaged non-owned substation or property prevents your project from sending electricity back to the grid.
LEG 3 Coverage
LEG coverage addresses a loss caused by faulty design, materials, or workmanship. Most standard policies exclude rectification costs for preventing damage. LEG 3 broadens coverage to include those costs but will not cover costs to upgrade the system.