Wind turbine technicians are exposed to countless hazards that result in severe injuries and even fatalities. Most of the incidents include crushing injuries, falls, or severe burns.
Given the high-risk nature of working with wind turbines, you need to shield yourself and your business from a catastrophic event. The right wind turbine technician insurance coverage cushions your business from financial collapse in case of unforeseen liabilities or circumstances. This article discusses the indispensable policies you need.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $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 | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability insurance is one of wind turbine technicians' most critical insurance policies. This coverage, also called commercial general liability insurance, covers any claims of property damage or bodily injury against your business.
Bodily injury–If a visitor, vendor, customer, or third party gets hurt on your premises
Property damage–When conducting business operations, you may damage a client's property, such as their laptop. This coverage will pay for replacement or repair expenses
Reputational harm–A third-party may sue your business for slander or libel due to some defamatory information you or your employees uttered. This coverage will pay for legal costs incurred to defend your business
Advertising injury–You may commit copyright infringement even without knowing. For instance, you can use a competitor's post in your ads
Umbrella liability insurance–You can add this coverage as an endorsement to your general liability insurance. It offers extra coverage in a high-value claim against your business
Environmental liability coverage–If you work in environmentally sensitive areas, you can consider this add-on, as it covers pollution-related damages or claims
The needs of every business are unique. Thus, it would be best to have a sufficient coverage limit to cover your exposed risks. Insurers offer a limit of $1,000,000 for each occurrence and $2,000,000 as the aggregate limit for the active policy term.
| 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 |
This insurance is also known as wind turbine technician errors and omissions insurance. It covers claims associated with acts of omission, error, or negligence when offering your professional services. Even though you are an expert in the wind turbine field, mistakes are inevitable.
Negligence when offering your services
Misleading information that leads to damage to your customers
Inaccurate advice that leads to damages, either physical or financial
Violating the terms of a contract that leads to losses for your customer
Media liability coverage–If you engage in various marketing activities such as content creation, this add-on can protect your business against claims of defamation or copyright infringement
Third-party liability coverage–This add-on will cover professional errors or omissions brought against by vendors, subcontractors, or other third parties
Your exposed risks and the size of your wind turbine business will determine the appropriate coverage. But in most cases, an insurance provider will offer a limit of $100,000 to $1,000,000. The amount will pay for the settlement, legal, and judgment costs.
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $330,000 | $25,000/$500,000 | $60,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $60,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
Commercial property insurance shields the physical assets of your wind turbine business from vandalism, storms, and fire, among other events. The insurance provider determines the coverage based on replacement costs and the cash value of your physical assets. This insurance is crucial and will guarantee your company's survival even after catastrophic events.
Equipment breakdown coverage–This add-on will cover the cost of repairs if your equipment breaks down due to electrical or mechanical problems
Extra expense coverage–If a covered loss causes temporary relocation of your business or more expenses, it will reimburse the costs incurred
An insurance provider can pay you from $500,000 to $1,000,000, but the figures can be higher or lower. The fluctuations in figures depend on the value of your physical assets and the damages incurred.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $330,000 | $25,000/$500,000 | $75,000 | $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 integration of two or more policies. Typically, it is a cheaper and more comprehensive option for wind turbine technicians. It combines:
General liability insurance
Commercial property insurance
Business interruption insurance
BOP covers numerous unforeseen claims made by third parties, such as customers or visitors. Ideally, it covers property damages, advertising claims, personal injuries, damages to your commercial premises, and lost income.
Employment practices liability insurance–Protects you from claims made by your current or former employees relating to employment practices such as harassment or wrongful termination
Flood insurance–This can be used to enhance the property coverage of your BOP. Flood insurance covers properties that got damaged or destroyed by floods due to excessive rains, coastal surges, and other related events
You can be paid $500,000 to $2 million for general liability. For damages to your commercial property, you can receive compensation of $10,000 to $500,000.
| 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 |
This insurance covers the tools and equipment you use in your wind turbine technician business. It covers perils such as vandalistic acts, theft, fire, storms, and more. Most insurance carriers will cover tools bought up to 5 years ago. It is important to note that this policy will not cover everyday wear and tear.
Theft
Vandalism
Accidental damage
Fire
The coverage limits can be from $5,000 to $50,000 for each item. But your insurer must evaluate the market value of your tools and equipment to come up with the appropriate coverage.
Commercial vehicles such as vans and trucks are fundamental to running your business smoothly. But your cars may be involved in accidents resulting in expensive liabilities for your business.
It is essential to cushion your business from negative financial consequences by having commercial auto insurance. Commercial auto insurance has several components, such as:
Auto liability coverage–Shields your business if your commercial vehicle is involved in an accident and causes either property damage or bodily injury
Collision coverage–This component reimburses the costs of repairing your vehicle after it hits or is hit by another car or object
Comprehensive coverage–This component primarily covers all non-collision incidents, such as vandalism or theft
Uninsured motorist coverage–If you are involved in an accident that is not insured, this coverage will settle all the damages
Underinsured motorist coverage–In other instances, you can be involved in an accident with a motorist who has insufficient coverage; this component will pay for all the related injuries
Medical payments coverage–This component will cover all your medical expenses if you are involved in an accident
For liability coverage, an insurer can pay an average of $500,000. While for collision coverage, most insurers will pay for 100% of the damages. But the limits depend on exclusions and deductibles on your policy.
Rental reimbursement coverage–This add-on refunds you the cost of renting a vehicle if your commercial vehicle is not running due to a covered event
Inland marine coverage–This add-on covers equipment and tools you are transporting to an off-site working station or workshop
Most states in the USA require that each employer purchase workers' compensation insurance. This policy covers your employees in the unfortunate incidents of occupational illnesses or accidents. Under this policy, your employees will receive:
Medical benefits
Rehabilitation benefits
Lost income benefits
Death benefits to the employee’s beneficiaries
Your employees are often required to work at heights, and one of your technicians may fall while on the job. In the event of such an accident, this insurance will cover all hospital bills, lost income, and disability benefits.
In some states, there are statutory limits that determine how much employees can receive after a work-related accident. If the employee cannot work after an accident, they can receive compensation equal to two-thirds of their salary.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $46 | $552 | $0-$500 |
| Professional liability insurance | $50 | $600 | $500-$1,000 |
| Commercial property insurance | $70 | $840 | $1,000-$2,000 |
| Business owner’s policy | $116 | $1,392 | $1,000-$2,000 |
| Tools and equipment insurance | $49 | $588 | $1,500 |
| Commercial auto insurance | $57 | $684 | $1,000-$2,000 |
| Workers compensation insurance | $55 | $660 | $2,000-$5,000 |
The average wind turbine technician insurance cost is $46 per month or $552 per year for a $1 million general liability coverage. Factors that affect the cost of premiums are claims history, business history, deductibles, location, and revenues. Here’s a table showing the cost of a $1 million general liability insurance from companies we recommend:
| Cost per Month | Cost per Year | Best For | |
|---|---|---|---|
| NEXT | $30 | $360 | Best overall; Fastest general liability insurance for wind turbine technicians |
| CoverWallet | $33 | $396 | Wind turbine technicians who want to compare insurance quotes from different providers online |
| The Hartford | $36 | $432 | Wind turbine technicians exposed to unique risks requiring specialized cover |
| Tivly | $37 | $444 | Comparing wind turbine technician insurance quotes over the phone |
| Thimble | $39 | $468 | Wind turbine technicians who need coverage for short-term projects |
| Hiscox | $42 | $504 | Wind turbine technicians who want worldwide coverage for their business |
Get all the best quotes from leading providers in a click of a button!
Here is a list of the best wind turbine technician insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability policy.
They have an online platform where you can purchase a coverage quickly
Their customer support team is always ready to guide you when purchasing a policy or making claims.
You can access online proof of insurance immediately
They offer excellent insurance rates for all customers.
Couldn’t find any
NEXT is an online insurance company offering small businesses the best deals. You can purchase general liability, tools, equipment, cyber liability, and commercial auto, among other business insurance products. With NEXT, you can obtain insurance quotes immediately after your application. If you buy more than two policies, this company is generous enough to offer you a 10% discount.
Best for: Best overall; Fastest general liability insurance for wind turbine technicians
Average cost: $30 per month
Our rating: 10/10
Has partnered with many insurance carriers, you can easily compare quotes from different providers.
They allow you to cancel your coverage at any time with no extra charges
They have experienced agents who can assist in getting insurance quotes
You can get budget-friendly rates on your policy
CoverWallet is an insurance broker. Thus they issue products from third parties
CoverWallet is a reputable insurance brokerage firm. They have partnered with many providers to ensure you can access a wide array of affordable policies. What makes this company outstanding is its modern comparison tool. This tool helps customers to compare quotes from different providers.
Best for: Wind turbine technicians who want to compare insurance quotes from different providers online
Average cost: $33 per month
Our rating: 10/10
This company is known for offering the best workers' compensation insurance deals.
You can use their mobile app to process claims
Renowned insurance company for workers compensation insurance
Limited add-ons to general liability insurance
The Hartford has been operational for around 212 years. It has stood out due to its financial stability and ability to process claims quickly. Currently, it has a rating of A+ from AM Best. This company should be your number one priority if you want specialized coverage for your wind turbine technician business.
Best for: Wind turbine technicians exposed to unique risks requiring specialized cover
Average cost: $36 per month
Our rating: 10/10
An insurance marketplace where you can compare quotes on your phone
Their customer service team is very responsive and will give you the assistance you require
You can purchase several insurance policies at a budget-friendly price
They don’t issue online insurance quotes
Tivly has partnered with insurance companies such as Thimble and NEXT to offer comprehensive coverage. To get an insurance quote, you must first contact their representative. Tivly is known to give coverage to businesses even with poor profiles. Call now to compare quotes over the phone.
Best for: Comparing wind turbine technician insurance quotes over the phone
Average cost: $37 per month
Our rating: 9/10
They offer short-term coverage, which is ideal if you need only short-term coverage.
They offer online quotations very fast
You can get competitive insurance rates on their website
You can't reach customer service by calling
Thimble collaborates with National Specialty Insurance Company and Markel Insurance Company which underwrites most of their policies. When you want to file a claim you can contact the underwriters. But generally, it is a reputable company known for offering short-term coverage alternatives.
Best for: Wind turbine technicians who need coverage for short-term projects
Average cost: $39 per month
Our rating: 9/10
Offers you worldwide coverage
Your policy is automatically renewed
They have a mobile app to purchase and manage your wind turbine policy
Limited to some states: not available in Alaska
Hiscox offers several insurance policies, such as business owner's policy, cyber liability, commercial auto, and general liability insurance. You can adjust your coverage limits depending on the needs of your business. This company has many agents who can assist you.
Best for: Wind turbine technicians who want worldwide coverage for their business
Overall cost: $42 per month
Our rating: 9/10
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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