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

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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) Thimble Hiscox The 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? Yes No Included Can be included No
Hired/non-owned auto liability coverage included? Yes No No Can be included Can be included
Equipment breakdown floater included? No  Yes Yes Can be included Can be included
Can you get a certificate of insurance online? Yes Yes Yes Yes Yes
Name additional insureds? Yes Yes Yes Yes Yes
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  NEXT Thimble (Best) Hiscox The 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? Yes Yes Yes Yes Yes
Waiver of subrogation included? Yes No Yes Can be included No


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  

CoverWallet NEXT (Best) Thimble Hiscox The 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 signs Excluded $2,500 Excluded Excluded Excluded
Accounts receivable  Excluded Excluded $5,000/10,000 Included Excluded
Money and securities Excluded $2,500 $1,000 Included Excluded
Lock and keys  Excluded $2,500 Excluded Excluded Excluded
Business interruption floater Excluded Included Included Included Excluded
Equipment breakdown floater Excluded Included Excluded Excluded Excluded
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Included Excluded


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  

CoverWallet Thimble (Best) NEXT  Hiscox The 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? Yes Yes Yes Yes Yes
Name additional insureds for free? Yes Yes Yes Yes Yes
BOP discount? Yes Yes Yes Yes Yes


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  Thimble Hiscox The 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/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
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.


A wind turbine gracefully spinning amidst the majestic mountains at sunset.


Cyber Liability Insurance for Wind Turbines

Cyber liability insurance is a policy that protects your wind turbine business from the costs associated with data breaches and cyber-attacks. Below is a list of some situations where this insurance coverage may apply.

  • A data hack compromised a client’s personal information

  • Your company data gets stolen, and you must rebuild your reputation through a crisis management team

Add-Ons of Cyber Liability Insurance for Wind Turbines 

  • Cyber business interruption–A policy that helps you recover lost income and pays for other expenses due to a third party that your business relies on going down due to a system failure.

  • Hacker damage–Helps you repair your network, website, or electronic data after a hacker causes damage to it

Coverage Limits of Cyber Liability Insurance for Wind Turbines 

Typical coverage for cyber liability will be around $1 million. Higher limits may be able to be applied depending on the policy and insurer.


Does Cyber Liability Insurance Coverage Phishing Emails?

Yes, a cyber liability policy will cover events of negligence, like your employees clicking on a bad email that downloads something nasty and crashes your network. Phishing emails are one of the primary ways that cybercriminals can gain access to your servers to steal valuable documents and attempt to hold your system hostage.


Can I Still Get Coverage Even if I Only Have a Small Wind Turbine?

Yes, small wind turbine insurance components will not discriminate on coverage based on the size of your wind turbine. You will want to pay attention to your policy coverage limits, though. If you run out of coverage, you may have to pay out of pocket for the remaining balance of a covered peril. 

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Wind Turbine Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $110 $1,320 $0-$500
Professional liability insurance $115 $1,380 $500-$1,000
Cyber liability insurance $125 $1,500 $500-$1,000
Excess liability insurance $112 $1,344 $500-$1,000
Commercial property insurance $200 $2,400 $1,000-$2,000
Business owner’s policy $310 $3,720 $1,000-$2,000
Tools and equipment insurance $117 $1,404 $1,500
Workers compensation insurance $100 $1,200 $500-$1,000


The average wind turbine insurance cost is $110 per month or $1,320 per year for a $1 million general liability policy, depending on your insurer and policy selections. Factors that affect the cost of premiums are claims history, business history, policy limits, and more. Here’s a table showing the rates of companies we recommend:

Cost per Month Cost per Year Best For
NEXT $50 $600 Best overall; Fastest general liability insurance for wind turbines
CoverWallet $88 $1,056 Renewable energy business insurance
The Hartford $75 $900 Comparing wind turbine insurance quotes online
Tivly $62 $744 Comparing wind turbine insurance quotes over the phone
Thimble $57 $684 Short-term general liability insurance for wind turbines
Hiscox $80 $960 Customer service experience

Compare Cheap Wind Turbine Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Wind Turbine Insurance Companies

The top insurance companies that offer wind turbine insurance each bring something unique to the discussion. Below are our reviews of the best wind turbine insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability policy. 


NEXT Wind Turbine Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for wind turbines

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn’t find any

NEXT is an online insurance provider that is trusted by over 420,000 business owners. They have a 4.7/5 rating with their customers and have an A- financial score with AM Best. With NEXT, you get a live certificate, quotes in less than 5 minutes, and phenomenal service.

Best for: Best overall; Fastest general liability insurance for wind turbines

Average cost: $50 per month

Our rating: 10/10 


The Hartford Wind Turbine Insurance

Pros 

  • Multinational coverage

  • Services to help renewable energy businesses cut costs

  • Renowned company for workers compensation insurance

Cons

  • Customers report that discounts and promotions are harder to come by

The Hartford is a fantastic insurer for multiple clean energy providers in the industry. They offer a specialized renewable energy business insurance package that protects your business with commercial property, general liability, workers’ compensation, and more.

Best for: Renewable energy business insurance

Average cost: $88 per month

Our rating: 10/10 


CoverWallet Wind Turbine Insurance

Pros

  • Compare rates from top carriers

  • Matches you with insurers based on company structure

  • Easily manage your insurance policies online

Cons

  • Not an insurance company but an insurance broker 

CoverWallet offers critical wind turbine insurance components like cyber liability, commercial property, employment practices, and general liability insurance. They offer policies from partners like Markel, Hiscox, Progressive, and Chubb.

Best for: Comparing wind turbine insurance quotes online

Average cost: $75 per month

Our rating: 10/10 


Tivly Wind Turbine Insurance

Pros

  • Strong knowledge base for your industry

  • A partner of many reputable insurance companies

  • Compare quotes over the phone

Cons

  • Less online integration

Tivly is an insurance platform that is experienced at connecting businesses with the right policies. Your wind turbine insurance policy will find refuge with over 200 partners to exhaust your search with. Tivly boasts an A rating and accreditation with the Better Business Bureau. Call now to compare quotes over the phone. 

Best for: Comparing wind turbine insurance quotes over the phone

Average cost: $62 per month

Our rating: 10/10 


Thimble Wind Turbine Insurance

Pros

  • Commercial property insurance covers outdoor property, including things like trees and shrubs

  • Sells a short-term general liability policy

  • Multiple add-ons to BOP and general liability insurance

Cons

  • Some products are subject to state availability

Thimble is a flexible insurer with a standout commercial property insurance policy that is perfect for wind turbine businesses. It includes numerous features that make it a top competitor. Thimble maintains an A+ from the BBB and an A rating from AM Best.

Best for: Short-term general liability insurance for wind turbines

Average cost: $57 per month

Our rating: 10/10 


Hiscox Wind Turbine Insurance

Pros

  • Passion for customer service evidenced by positive feedback

  • Offers worldwide coverage as long as the claim is filed in the US or Canada

  • Worldwide coverage

  • 14-day money-back guarantee

Cons

  • Does not possess a local agent network

Hiscox offers small business coverage in 49 states with a streamlined and efficient policy management process. Wind turbine insurance policies benefit from policies like general liability, workers comp, errors and omissions insurance, and more. Hiscox is a well-established company with an A from AM Best and an A+ from financial rater Fitch.

Best for: Customer service experience

Average cost: $80 per month

Our rating: 10/10 

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