Offshore Wind Insurance

Offshore wind insurance refers to specialized coverage for wind farms located in bodies of water, typically far from shore. This insurance protects against risks such as damage to the turbines, equipment failure, and liability issues arising from accidents. Given the unique challenges of offshore environments—like harsh weather and maritime operations—these policies address the specific needs associated with construction, maintenance, and operation of wind energy facilities. The purpose is to ensure that investors and operators can manage financial risks and continue producing renewable energy effectively and safely.