Why Do Cleantech Companies Need Specialist Insurance? Cleantech is a rapidly expanding industry. Every year there are new technologies, new breakthroughs and, as a result, new risks. Generic business insurance products do not offer adequate cover for the unique risks associated with working in clean technology.
Cleantech Insurance
KBI can help you find the right insurer for your cleantech business. On your behalf, KBI will:
Who is cleantech insurance for?
Appropriate insurance is a must-have for all clean technology and green technology businesses.
Need help understanding the type of coverage you need or don’t know where to start?
Allow us to provide some tailored information – obligation free!
What coverage does a cleantech business need?
Cover for assets and operations
Covers the repair or replacement of assets that are lost or accidentally damaged. We can tailor your policy to include cover for data loss, R&D property and stock.
➤ Cargo insurance
Covers the repair or replacement of property that is lost or damaged in transit.
➤ Business interruption insurance
Covers lost revenue if your business cannot operate due to an insured event like fire or theft. In some cases, you can claim extra costs associated with continuing to operate instead.
➤ Cyber insurance
Covers costs and losses incurred as result of cyberattacks. This can include malware attacks, cyber extortion and social engineering.
Liability cover
➤ Public and product liability insurance
Covers legal fees and settlement costs if your products or business activities cause third-party injury or property damage.
➤ Professional indemnity insurance (aka errors and omissions cover)
Covers legal fees and settlement costs if your negligence or error results in third-party financial loss.
➤ Environment liability insurance
If your business causes sudden and accidental environmental damage, your environmental liability policy can cover clean-up and other related costs.
➤ Contract works cover (aka contracts all risk cover)
Combines third-party cover for construction-related injury and property damage with cover for accidental damage to a project under construction.
Cover for employees and decision-makers
Covers your company’s top decision-makers for risks associated with operating a business. This includes losses related to legal breaches, tax audits, allegations of mismanagement and identity fraud.
➤ Business travel cover
Provides your employees with cover for a range of travel-related risks. This typically includes medical costs, emergency repatriation, personal baggage, trip cancellation and delays.
➤ Employer liability insurance
If an employee takes legal action against your business, employer liability insurance covers legal fees and settlement costs.
➤ Workers compensation and personal accident cover
Covers medical fees, lost wages and compensation when an employee is injured at work.
Claims Example
An employee is performing wind turbine maintenance at a work site. They are ascending a turbine when their harness malfunctions and they fall.
Insurance Response:
A contractor is installing machinery at a PV cell factory. When he tests the machinery, it malfunctions. Nearby stock is ruined. The factory’s toxic-waste processing system breaks and begins to leak. The factory is shut for two days while repairs take place.
Insurance Response:
What’s Next?
Let us tailor a program that best suits your business needs.
Why Work With KBI?
When you work with the KBI technology insurance team, you have cleantech insurance experts on your side. On your behalf we can:
If you need to make a claim, we can help make the process smooth. Our claim services include:
Cleantech Team
Contact Info
Street Address:
Level 18, 140 St. Georges Terrace, Perth, WA, 6000
Postal Address:
PO Box Z5102, St. Georges Terrace, Perth WA 6831
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