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Cleantech Insurance

  • Tailored advice from experienced brokers
  • Comprehensive insurance account management
  • General business packages & customisable insurance solutions

 

 

 

 

 

 

Specialist insurance brokers for cleantech firms, advisors and consultants that require customised insurance programs.

Cleantech

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cleantech insurance

Why Do Cleantech Companies Need Specialist Insurance?

Cleantech is a rapidly expanding industry. Every year there are new technologies, new breakthroughs, and, as a result, new risks. Generic business insurance products do not offer adequate cover for the unique risks associated with working in clean technology.

Cleantech is an evolving and dynamic industry where groundbreaking advancements are frequently made to address global environmental challenges. With each new technology or breakthrough, however, unique and complex risks emerge, making standard business insurance insufficient. Specialist cleantech insurance for cleantech companies is designed to address the specific exposures these businesses face—from intellectual property risks and regulatory compliance to operational disruptions and environmental liabilities. Partnering with an insurance provider who understands the intricacies of the clean technology sector ensures your innovations are protected, allowing you to focus on sustainable growth in this high-stakes industry.

Who Is Cleantech Insurance For?

Cleantech insurance is crafted for companies at the forefront of sustainable innovation, covering the unique risks faced in this evolving sector.

Cleantech insurance is designed for companies driving sustainable innovation, covering unique risks in areas like renewable energy, water management, and waste reduction. It ensures specialised protection that standard policies often lack, supporting growth in this evolving industry.

Relevant Business Areas:

  • Solar Power & Batteries
  • Wind Power
  • Geothermal Power
  • Revewable Fuels
  • Energy Efficency, Storage, & Transportation
  • Photovoltaics

Relevant Business Activities:

  • Manufacture & Supply
  • Transportation
  • Solar Farming & Wind Farming
  • Renewable Energy Property Owners
  • Consulting
  • Engineering
  • Project Management
  • Construction & Installation
  • Software Development & Design
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Need Help Understanding the Type of Coverage You Need or Don’t Know Where to Start?    

Our team is ready to help you understand your risks and find the right coverage to ensure your business is fully protected.

Don’t leave your business vulnerable to the risks in the cleantech industry – Contact the team at KBI to discuss your cleantech insurance needs and get a customised quote today.

What Coverage Does a Cleantech Business Need?

Cover for Assets and Operations

Building & Property Insurance

Covers the repair or replacement of assets that are lost or accidentally damaged. We can tailor your policy to include cover for data loss, R&D property and stock.

Business Interruption Insurance

Covers lost revenue if your business cannot operate due to an insured event like fire or theft. In some cases, you can claim extra costs associated with continuing to operate instead.

Cargo Insurance

Covers the repair or replacement of property that is lost or damaged in transit.

Cyber Insurance

Covers costs and losses incurred as result of cyberattacks. This can include malware attacks, cyber extortion and social engineering.

Liability Cover

Public & Product Liability Insurance

Covers legal fees and settlement costs if your products or business activities cause third-party injury or property damage.

Professional Indemnity Insurance (AKA Errors and Omissions Cover)

Covers legal fees and settlement costs if your negligence or error results in third-party financial loss.

Environment Liability Insurance

If your business causes sudden and accidental environmental damage, your environmental liability policy can cover clean-up and other related costs.

Contract Works Cover (AKA Contracts All Risk Cover)

Combines third-party cover for construction-related injury and property damage with cover for accidental damage to a project under construction.

Cover for Employees and Decision-Makers

Directors & Officers Insurance

Covers your company’s top decision-makers for risks associated with operating a business. This includes losses related to legal breaches, tax audits, allegations of mismanagement and identity fraud.

Employer Liability Insurance

If an employee takes legal action against your business, employer liability insurance covers legal fees and settlement costs.

Business Travel Cover

Provides your employees with cover for a range of travel-related risks. This typically includes medical costs, emergency repatriation, personal baggage, trip cancellation and delays.

Workers Compensation & Personal Accident Cover

Covers medical fees, lost wages and compensation when an employee is injured at work.

Cleantech Insurance Claims Examples

01

Example 1

An employee is performing wind turbine maintenance at a work site. They are ascending a turbine when their harness malfunctions and they fall.

 

Insurance Response:

 

  • The employer’s group travel insurance policy covers the cost of transporting the employee for treatment.
  • The employer’s worker compensation policy covers the employee’s medical treatment and wages while he is off work.
  • The employer’s group personal accident policy provides further compensation to the injured employee.
02

Example 2

A contractor is installing machinery at a PV cell factory. When he tests the machinery, it malfunctions. Nearby stock is ruined. The factory’s toxic-waste processing system breaks and begins to leak. The factory is shut for two days while repairs take place.

 

Insurance Response:

 

The factory pursues the contractor for the stock loss as a result of the malfunction. The malfunction is found to be the result of the contractor’s negligence and his public liability insurance responds to legal fees and settlement costs.

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What’s Next?

Our team is ready to help you understand your risks and find the right coverage to ensure your business is fully protected.

Don’t leave your business vulnerable to the risks in the cleantech industry – Contact the team at KBI to discuss your cleantech insurance needs and get a customised quote today.

Our Offering

01

Risk Based Insurance Program Design

  • Identify & quantify corporate & operational risk profiles
  • Measure risk tolerance
  • Assess risk appetite
  • Financially tests insurance options (cost vs benefit analysis)
02

Program Placement

  • KBI leverages both local and global markets to gain competition by using detailed underwriting submissions to achieve best outcomes.
  • KBI undertake contract review services to understand fair apportionment of risk allocation to third parties to better protect the insurance placement.
  • Independent broker provides flexibility engaging specialists suited to our clients needs.
  • Policies are underwritten using manuscript cleantech policy wordings.
03

Streamlined Client Service

  • Specialised team who are reputable with a consistent approach
  • KBI is employee owned providing quality team with a genuine “care factor”
  • Pro-active brokers who are hands on
  • Keep abreast of industry news and regular contact to ensure client’s insurance strategy remains suitable.
04

Claims Management/Advisory

  • Dedicated team (including the placement broker)
  • Simplified claims process
  • Agreed loss adjusters / solicitors at time of placement not at claim time.
  • Policies include claims preparation costs, advancement of defence cost to aid clients during time of need.
Added Value

Key Areas of Value-Add Services

We’re Specialists in Cleantech Insurance

Our experience and understanding of the industry allows us to provide added value to our partnership to help ensure your risks are always managed.

01

Risk Profiling

02

Negotiations and Brokering

03

Coverage Analysis

04

Limit Analysis

05

Insurance Audits

06

Contractual Reviews (Insurance Requirements)

Why Choose KBI for Cleantech Insurance?

Your trusted partner in securing cleantech insurance.

When You Work with the KBI Technology Insurance Team, You Have Cleantech Insurance Experts on Your Side. On Your Behalf, We Can:

  • Perform a full risk assessment and insurance review.
  • Create comprehensive and cost-effective insurance solutions tailored to your business’s needs.
  • Help you understand your insurance cover, including areas of exposure.
  • Keep you up-to-date on cleantech industry developments and their insurance implications.

If You Need to Make a Claim, We Can Help Make the Process Smooth. Our Claim Services Include:

  • Speaking with the insurers on your behalf.
  • Making sure that you receive the full amount that you are entitled to.
  • Making sure that the claims process is as quick and easy-to-understand as possible.
meet the team

Cleantech  
Insurance Team

Get to know the talented individuals behind KBI.

industry team list 3

Lachlan Stretton

Director

industry team list 4

Brooke Shields

Director

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Pablo Narvaez

Account Manager

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