Insuranks
Insuranks

Wind Turbine Insurance: Cost & Quotes From $50/mo

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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Table of contents
1. General Liability Insurance for Wind Turbines  1.1. Add-Ons of General Liability Insurance for Wind Turbines 1.2. Coverage Limits of General Liability Insurance for Wind Turbines 1.3. Are Wind Farms Legally Required to Have General Liability Insurance?2. Errors and Omissions Insurance for Wind Turbines2.1. Add-Ons of Errors and Omissions Insurance for Wind Turbines2.2. Coverage Limits of Errors and Omissions Insurance for Wind Turbines 2.3. What is the Difference Between an Occurrence Policy and a Claims-Made Policy?3. Commercial Property Insurance for Wind Turbines  3.1. Add-Ons of Commercial Property Insurance for Wind Turbines 3.2. Coverage Limits of Commercial Property Insurance for Wind Turbines 3.3. What Exclusions Will My Wind Turbine Insurance Company Have for Commercial Property Insurance?4. Business Owner’s Policy for Wind Turbines  4.1. Add-Ons of Business Owner’s Policy for Wind Turbines 4.2. Coverage Limits of Business Owner’s Policy for Wind Turbines 4.3. Does Business Owner’s Policy for My Wind Farm Business Automatically Include Errors and Omissions Coverage?5. Tools and Equipment Insurance for Wind Turbines 5.1. Coverage Limits of Tools and Equipment Insurance for Wind Turbines 6. Workers' Compensation Insurance for Wind Turbines  6.1. Does Workers Comp Include Employers Liability Insurance?6.2. Do I Need Workers' Compensation Insurance for My Wind Turbine Business?7. Excess Liability Insurance for Wind Turbines7.1. What is the Difference Between Excess Liability and Umbrella Policy for Wind Turbine Businesses?8. Cyber Liability Insurance for Wind Turbines8.1. Add-Ons of Cyber Liability Insurance for Wind Turbines 8.2. Coverage Limits of Cyber Liability Insurance for Wind Turbines 8.3. Does Cyber Liability Insurance Coverage Phishing Emails?9. Can I Still Get Coverage Even if I Only Have a Small Wind Turbine?10. Wind Turbine Insurance Cost11. Best Wind Turbine Insurance Companies11.1. NEXT Wind Turbine Insurance 11.1.1. Pros11.1.2. Cons11.2. The Hartford Wind Turbine Insurance 11.2.1. Pros 11.2.2. Cons11.3. CoverWallet Wind Turbine Insurance 11.3.1. Pros11.3.2. Cons11.4. Tivly Wind Turbine Insurance 11.4.1. Pros11.4.2. Cons11.5. Thimble Wind Turbine Insurance 11.5.1. Pros11.5.2. Cons11.6. Hiscox Wind Turbine Insurance 11.6.1. Pros11.6.2. Cons

Wind-generated electricity rose by 17% in 2021. The American Clean Power Association estimates that there are nearly 70,000 wind turbines generating renewable energy

As a wind turbine business owner, you are undoubtedly excited about the exponential growth in the clean power industry. It is imperative that you are set up for the future of renewables through a healthy wind turbine insurance policy. 

This policy will protect your business against many types of liability claims from the public, customers, employees, and more. Moreover, you can use your coverage to cover the cost of occupational injuries or diseases sustained by wind turbine technicians and other employees. This article will examine some key components that you will want to consider adding to your business's financial protection.

General Liability Insurance for Wind Turbines  


CoverWallet NEXT (Best)ThimbleHiscoxThe Hartford
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$2,000,000$1,000,000/$2,000,000
Aggregate limit $2,000,000$2,000,000$1,000,000/$2,000,000$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit $2,000,000

$1,000,000$2,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit $1,000,000$1,000,000$2,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit 
$300,000/$1,000,000
$300,000$100,000$100,000$1,000,000
Waiver of subrogation included?YesNoIncludedCan be includedNo
Hired/non-owned auto liability coverage included?YesNoNoCan be includedCan be included
Equipment breakdown floater included?No YesYesCan be includedCan be included
Can you get a certificate of insurance online?YesYesYesYesYes
Name additional insureds?YesYes
YesYesYes
Deductible$0$0$0$0$0


Your wind power insurance would greatly benefit from general liability coverage. This policy protects your business against claims resulting from third parties for property damage and injuries. Examples of this coverage include:

  • Someone wanders onto your wind farm and injures themselves on your property

  • While negotiating a contract, a customer slips and falls on your business premises and needs medical treatment


Add-Ons of General Liability Insurance for Wind Turbines 

Your wind turbine insurance can be further bolstered by additional protections, which include:

  • Cyber liability–Provides protection for your wind turbine business from ransomware, phishing scams, and security breaches

  • Employment practices–Covers your business practices that result in employee allegations of discrimination, wrongful termination, and workplace harassment


Coverage Limits of General Liability Insurance for Wind Turbines 

Wind turbine general liability insurance will have a typical coverage of $1 million per occurrence and $2 million in aggregate.


Are Wind Farms Legally Required to Have General Liability Insurance?

No, your wind turbine business will not be required to have general liability insurance, but it is still highly recommended that you have some. Unexpected events can result in liabilities that have the possible chance to bankrupt your business. Also, some clients and agencies you do business with might require that you have some form of liability coverage or prove that you can cover certain types of liabilities.


Errors and Omissions Insurance for Wind Turbines


CoverWallet NEXTThimble (Best)HiscoxThe Hartford
Per occurrence limit $1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000$1,000,000
Aggregate limit $2,000,000$2,000,000$1,000,000/$2,000,000$1,000,000$2,000,000
Name additional insureds?YesYesYesYesYes
Waiver of subrogation included?YesNoYesCan be includedNo


Errors and omissions coverage of wind energy insurance programs protects your business from mistakes that you or your employees make. This insurance covers oversights, negligence, and bad service claims that your company might contend with. Example situations include:

  • You overlook some wind turbine maintenance that affects your electricity production

  • Your business makes a mistake on an agreement to sell electricity to a local power utility


Add-Ons of Errors and Omissions Insurance for Wind Turbines

  • Media liability insurance–Adds protection for content your business published on social media platforms or other business websites.

  • Extended reporting period–This lets you extend the time you have to file your claim on your errors and omissions insurance


Coverage Limits of Errors and Omissions Insurance for Wind Turbines 

Your wind turbine errors and omission insurance will have a coverage limit of $1 million per occurrence and $1 million in aggregate.


What is the Difference Between an Occurrence Policy and a Claims-Made Policy?

An occurrence policy covers events that happen during the timeframe of your policy, while a claims-made policy only covers claims that you file during the policy period. Your errors and omissions insurance can be either of these two. 

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Commercial Property Insurance for Wind Turbines  


CoverWalletNEXT (Best)ThimbleHiscoxThe Hartford
Building coverage limit (minimum)$50,000$260,000$25,000/$500,000$25,000$60,000
Contents coverage limit (minimum)$50,000$22,000$25,000/$500,000$25,000$60,000
Outdoor signsExcluded$2,500ExcludedExcludedExcluded
Accounts receivable ExcludedExcluded$5,000/10,000IncludedExcluded
Money and securitiesExcluded$2,500$1,000IncludedExcluded
Lock and keys Excluded$2,500ExcludedExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncludedExcluded
Equipment breakdown floaterExcludedIncludedExcludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000ExcludedExcluded
Employee dishonesty floaterExcluded$5,000$2,500IncludedExcluded


Commercial property insurance is a policy for your wind turbine business that covers damage to your business premises and any other property stored there. Coverage examples include:

  • Your wind farm catches on fire and needs immediate repair

  • A local prankster defaces your wind farm’s property. The graffiti caused some damages that must be reversed


Add-Ons of Commercial Property Insurance for Wind Turbines 

  • Earthquake protection–This covers your building and contained business property when it suffers damage from a mudslide, landslide, or earthquake

  • Crime insurance–You can use this to recover losses caused by theft, social engineering, forgery, and other types of dishonest acts


Coverage Limits of Commercial Property Insurance for Wind Turbines 

Your typical coverage limit for your wind turbine commercial property insurance will be around $50,000 for the building and $50,000 for contained business property.


What Exclusions Will My Wind Turbine Insurance Company Have for Commercial Property Insurance?

Wind turbine insurance companies will be unable to cover earthquakes. For extreme disasters, you will need to purchase endorsements. Also, if you damage your own property intentionally, you will not be able to get that event covered.


Business Owner’s Policy for Wind Turbines  


CoverWalletThimble (Best)NEXT HiscoxThe Hartford
General liability aggregate limit $2,000,000$2,000,000$2,000,000$300,000$1,000,000/$2,000,000
Commercial property coverage limit $50,000$500,000$260,000$25,000$75,000
Optional policies can be added?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes


A business owner’s policy is an insurance package that combines general liability and commercial property protection. Example situations where this can help  include events like:

  • Your wind turbine accidentally harms a member of the public that is on your property.

  • A thief trespasses onto your wind farm and steals valuable tools or equipment.


Add-Ons of Business Owner’s Policy for Wind Turbines 

  • Equipment breakdown–Helps protect business equipment int he case it is damaged due to an electrical or mechanical failure

  • Flood insurance–This add-on can protect you from damage resulting from flood waters that often does not come standard with commercial property policies


Coverage Limits of Business Owner’s Policy for Wind Turbines 

Business owner’s policy coverage limits will range between $500,000 and $2 million for liability protection. Commercial property insurance ranges between $15,000 and $50,000.


Does Business Owner’s Policy for My Wind Farm Business Automatically Include Errors and Omissions Coverage?

No, your BOP will need to be augmented with errors and omissions coverage because that type of policy is typically not standard. This can be an essential pickup if you want to insulate yourself from financially devastating lawsuits, judgments, and lawyer fees related to business mistakes.


Tools and Equipment Insurance for Wind Turbines 


NEXT ThimbleHiscoxThe Hartford
Aggregate limit$3,000/$10,000$2,500/$5,000$15,000/$25,000$5,000-$10,000
Covers hired and borrowed equipment?$3,000/$10,000$2,500/$5,000NoYes
Miscellaneous equipment also covered?$5,000/$10,000NoYesYes
Offered as an endorsement to general liability insurance?YesYesYesYes
Deductible$500$500$0$0


Tools and equipment insurance protects your business equipment from sudden events that cause them to need to be repaired or replaced. Examples of when to use this coverage include:

  • While working on your wind turbine, a tool breaks due to another person damaging it

  • One of your crucial pieces of wind farm equipment becomes damaged after a sudden downpouring of rain


Coverage Limits of Tools and Equipment Insurance for Wind Turbines 

Tools and equipment insurance for wind turbine businesses will cover damages between $5,000 and $20,000.


Workers' Compensation Insurance for Wind Turbines  

Your employees will greatly benefit from a workers’ compensation insurance policy. Workers comp pays benefits to compensate workers for lost wages and medical treatments resulting from workplace injuries or illnesses. Example situations include:

  • An employee is climbing a wind turbine to make repairs but falls and needs medical treatment

  • One of your employees develops a chronic health condition from their job that limits their range of movement


Does Workers Comp Include Employers Liability Insurance?

Yes, often, a workers’ comp policy will automatically include employer liability insurance. This insurance adds protection to the employer if an employee decides to sue for their workplace injury.


Do I Need Workers' Compensation Insurance for My Wind Turbine Business?

It depends. The area you do business in will set rules of when businesses will require workers comp. Most states typically require the purchase of workers' compensation for any company that has employees.


Excess Liability Insurance for Wind Turbines

The excess liability coverage of your wind farm insurance program extends the coverage limits of an existing policy. You use excess liability to add additional coverage to one of your policies so it can cover incidents past its normal limit. Examples include:

  • Before your policy expires, you run out of coverage but still have incidents that the costs are stacking up for

  • A damaging incident exceeds your policy limit of $1 million, so you buy an excess liability policy to supplement the coverage


What is the Difference Between Excess Liability and Umbrella Policy for Wind Turbine Businesses?

The main difference between the two is that excess liability only covers one policy at a time. An Umbrella policy can extend the coverage of multiple policies at once.