Volatile energy markets and geopolitical uncertainty have exposed the risks of reliance on grid power, prompting businesses across the UK to move from aspiration to implementation. Solar rooftops, battery storage systems, EV charging infrastructure and biomass installations are now used across commercial estates. But new equipment comes with new risks, so it is important for organisations to align their renewable ambitions with effective risk and insurance planning.
These challenges were explored in a recent webinar hosted by Gallagher, where sustainability leaders and insurance specialists discussed the business risks associated with adopting green energy.
How insurers view emerging technologies
Historically, insurers have adjusted their approach when new evidence emerges — as seen with materials like asbestos and certain composite panels. Renewable systems are now undergoing a similar period of evaluation, with underwriting views developing as more data and real-world performance insights become available.
A large proportion of solar-related claims arise from associated electrical infrastructure such as wiring, isolators and battery systems.
For example, lithium-ion battery storage is subject to scrutiny due to the risk of thermal runaway. Insurers assess:
- Placement and separation from main buildings
- Fire detection and suppression measures
- Environmental controls
- Monitoring and safe‑shutdown capability
Organisations demonstrating a clear understanding of these risks and strong controls tend to secure favourable insurer engagement.
Core risk considerations
Gallagher's renewable energy specialists outlined key factors that support safe and resilient deployment of renewable systems. "Preparation is the key factor in achieving a safe, insurable renewable installation. When the fundamentals are clear, insurers respond far more competitively," states Carl Gurney, director, Renewable Energy at Gallagher.
