PERse offers property, casualty and tax coverages for wind, solar, geo, bio, and hydro projects as well as other forms of renewable energy power facilities. We develop solutions for the complex and unconventional risks energy providers encounter every day.

Coverage is provided for all phases of the project exposure. We underwrite to avoid gaps in coverage by offering tailored, highly-flexible insurance solutions for the entire life cycle of an energy project in one single policy. All policy forms are manuscript to meet the specific insurance requirements of project lenders, as well as contractually obligated coverages for power production facilities.

The PERse Property policy offers all risk, replacement cost insurance for new and existing projects over all classes of renewable energy, including but not limited to wind, solar, geothermal, bio and hydro. Coverage is provided for all phases of the project exposure cycle including:

  • Development
  • Ocean Marine Transit
  • Delay in Start-up
  • Contingent Delay in Start-up
  • Construction All Risk
  • Testing and Commissioning
  • Phased Handovers
  • Operating All-Risk
  • Business and Contingent Business Interruption
  • Mechanical and Electrical Breakdown
  • Critical Catastrophe Coverage


In excess of $1 Billion per project

PERse capacity is predicated on Probable Maximum Loss (PML) valuation, which allows for significant limits, contingent on modeling results.

PERse offers a wide range of both physical damage and loss of revenue deductibles. Starting at $5,000 per occurrence for property losses, deductibles are available up to $1,000,000 per occurrence. Time element waiting periods (deductibles) can range from 5 to 60 days. Most project owners select deductibles from an intermediate range as these offer a beneficial combination of value and price.

PERse also provides catastrophic coverage of projects located in high risk zones for windstorm, flood, and earthquake. Our team has extensive experience in the complexity of CAT coverage worldwide.

As part of this process, we frequently provide estimated insurance costs for specific projects to assist clients in finding the appropriate deductibles to meet budget and insurance requirements. PERse does this at no cost to the client.

CONTACT: inquiries@powerenergyrisk.com

PERse offers Commercial General Liability coverage for development, construction, and operating phases of wind, solar, geothermal, bio, hydro and other renewable energy projects.

Coverage begins with the development phase where we provide liability coverage for a developer’s meteorological data collection equipment. As a project moves forward, we endorse the policy for the Construction exposures and transition into one policy, covering full commercial operations as the project schedule dictates.

PERse’s insurers are highly rated global facilities with extensive experience in providing coverage to all classes of renewable energy power production facilities, including wind, solar, geothermal, bio, hydro and more. PERse’s in-depth assessment of risks allows us to tailor coverage to the specific needs of our clients in all casualty lines, including primary General Liability, Auto Liability, Excess and Umbrella.


  • Up to $25 Million in capacity
  • Excess limits can be used on a 100% layer or on a quota-share basis
  • Ability to write primary layers as well as lead umbrella and excess placements
  • Ability to write on admitted or non-admitted basis
  • Occurrence and claims-made forms

CONTACT: inquiries@powerenergyrisk.com

PERse offers Cargo/Stockthroughput coverage in a customizable program to fit our clients’ needs. Our Cargo/Stockthroughput can be integrated with your property coverage or offered as a standalone product.

We provide cover for manufacturers and suppliers while cargo is in transit and/or in storage as stock/inventory.

Coverage begins when materials are initially purchased and remains in effect during all stages of transit to the project site. A bundled policy can also include incidental storage until final delivery.


  • Up to $150 Million per Conveyance
  • Worldwide coverage
  • Critical Catastrophe Coverage
  • Integrated with Property Coverage
  • Project Cargo (including delay in start-up)

CONTACT: inquiries@powerenergyrisk.com

PERse underwrites primary exposure on Tax risks associated with investments in specified energy projects, such as wind, closed-loop biomass, open-loop biomass, geothermal, hydropower, solar and more. Our coverage includes all non-excluded perils that give rise to an identifiable event, if the event becomes a proximate cause of loss and was not within the control of the insured.

Investments in specified energy projects are intended to generate Production Tax Credits and/or Investment Tax Credits (ITC) or Grants in lieu of investment tax credits. However, there is significant risk with respect to such investment tax credits and Section 1603 Grants.


  • The investment structure may not be respected for tax purposes
  • In the case of Section 1603 Grants, the project may not begin and/or become operational on a timely basis
  • Although the investment structure and project’s construction may initially qualify for the tax credits or for the Section 1603 Grants, subsequent events may cause such credits or grants to be “recaptured”

Losses resulting from the events described above may not necessarily be insured under a “property” (Builder’s Risk) policy because the triggering event could be something other than a peril insured under a property insurance policy.


Up to $40 Million primary exposure on tax risks and cover loss resulting from:

  • The IRS re-characterizing the transaction or parties to deny credits of Section 1603 Grants to investors
  • The IRS prevailing on the theory that the project was not depreciable or amortizable in the hands of the investor
  • The construction not being timely commenced because the underlying construction contracts were not “binding contracts,” within the meaning of the Act
  • A labor dispute, supply shortage or breach of contract by a third party, causing the project to not be timely placed in service
  • A third party terminates a customer or supplier agreement, causing the project to stop operations within the “recapture period”

PERse’s Tax policy can be appended by endorsement to a property insurance policy or obtained as a standalone policy.

CONTACT: inquiries@powerenergyrisk.com

PERse has developed a Builder’s Risk facility targeted specifically at U.S. power generators that are required to install new environmental upgrades to their plants.

In February 2012, the Environmental Protection Agency (EPA) finalized the first ever national standards to reduce mercury and other toxic air pollution from coal and oil-fired power plants. There are approximately 1,400 coal and oil-fired electric generating units (EGUs) at 600 power plants covered by these standards. They are said to emit harmful pollutants including mercury, non-mercury metallic toxics, acid gases, and organic air toxics including dioxin.


  • Reduce harmful air toxics and help modernize the aging fleet of power plants, many of which are over 50 years old
  • Cut emissions of toxic pollutants
  • Reduce SO, and fine particle emissions, which will reduce concentrations of fine particles (PM2.5) in the air

By placing these projects under our facility rather than under a course of construction limit in an operational placement, clients can protect their annual premiums from increases due to construction losses at site. The builders risk policy will also run for the entire duration of the project without mid-term renewals or uncertainty surrounding the level of testing coverage given by different operational insurers.


  • Selective Catalytic Reduction
  • Flue-Gas Desulfurization (wet and dry)
  • Activated Carbon Injection
  • Activated Carbon Injection with Fabric Filter
  • Electrostatic Precipitators
  • Dry Sorbent Injection


  • 100% capacity available for projects with up to $500 million total contract value
  • Highly competitive program for up to 36 Months
  • Broad flexible wordings including coverage for critical CAT as required
  • Flexible design coverage up to LEG3/06 basis
  • Engineering Fee Allowance included
  • Security is 100% A+ rated by Standard & Poor’s

CONTACT: inquiries@powerenergyrisk.com