Specialist insurance coverage
The inherent challenges of operating in the marine environment present considerable risks for the construction and operation of offshore wind farms. As projects increase in scale and technical complexity, these challenges are expected to intensify. Unplanned delays during commissioning and downtime can lead to substantial financial repercussions, highlighting the critical importance of risk management.
Proven track record with comprehensive coverage solutions
Tokio Marine GX has an unparalleled track record of insuring offshore wind projects across Europe, Asia and North America. We have underwritten numerous first-in-market projects from early near-shore and fixed-foundation installations to the very first floating and wind demonstrator sites. Our proven and comprehensive insurance solutions include construction all risks, operational all risks, delay in start up, and business interruption cover.
Global coverage for large-scale projects
Tokio Marine GX’s insurance coverage spans the full lifecycle of offshore wind projects, from the initial construction phase through to the operational period. It is specifically designed to address the unique risk exposures associated with offshore wind developments. With a tailored underwriting approach, we offer robust protection that supports project stability throughout every stage of development. Contact our Offshore Wind Team to discuss insurance requirements for your offshore wind projects.