ClimateTech

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CLIMATE TECH INDUSTRY PRACTICE

As Climate Tech businesses innovate for the future, they face unique risks due to both the unprecedented nature of their operations and the urgency of scaling for the low carbon transition.

These are the companies developing the cutting-edge products, services, and technologies necessary to mitigate greenhouse gas emissions, accelerate the energy transition, and adjust to the impacts of climate change.

The operational profiles of Climate Tech companies are complex and their spectrum of risk exposures is broad. Climate Tech companies span all major industries including energy, food, manufacturing, transportation, and technology. With Chubb’s expertise in the Climate Tech industry, clients can trust our support to help protect their organizations.

Spotlight

As the global population grows and energy demands increase, clean technology companies are critical to the global economy. Being prepared for the changing risk landscape is more important than ever.

Early Stage Climate Tech Companies

Operating across a broad spectrum of sectors - from researching new battery technologies to developing novel carbon capture approaches, they will need to protect their future against the most critical risks.

Commercialised Climate Tech Companies

Whether they are manufacturing EV chargers, producing meat alternatives, or servicing the green hydrogen sector, Climate Tech businesses are global businesses, requiring global insurance solutions.

Target Sectors

Climate Tech organisations can exist across a broad spectrum of Manufacturers and Producers, Tech Developers and Innovators and Service Providers, for example

Transport & Mobility

Manufacturers of EV Chargers
Supply Chain Optimisation Software Developers
Hydrogen Fuel Station Operators

Storage & Transmission

Interconnector Cable Manufacturers
Battery Energy Storage System Software Developers
Smartgrid Service Providers

Renewable & Alternative Energy

Solar Cells Manufacturing/Module Assembly
Energy Generation Management System Developers
Low Carbon Heating Contractors

Built Environment & Efficiency

Green Cement
Efficient Building Design Software Developers
Energy Efficiency Strategy Implementation Service Providers

Food & Agriculture

Agricultural Bioloicals
AgTech Software Developers

Carbon Tech & Climate Finance

Carbon Capture Equipment Manufacturers
Climate Impact Software Developers

Focus Area

Specialist protection for growing ClimateTech businesses

Covers available

Casualty primary and excess
Environmental Liability
Property
Professional Indemnity
Management Liability
Marine project cargo
Personal Accident/Travel
Cyber

Why Chubb?

Dedicated and specialized Underwriting expertise
A commitment to innovation as we underwrite risks for a third of the Global Cleantech 100 companies
Specialized Risk Engineering with technical expertise across the Climate Tech space
Local presence in 54 countries and territories, providing insights into leading edge of new technology developments
A full spectrum of solutions that scale, serving early-stage innovators to commercialization of complex technologies
Scalable and modular insurance products

Products & Services

Climate+ Renewables

Our Climate+ Renewables product is a multiline package specifically designed for small to medium size renewables projects, and can cover both construction and operational phases with the option for seamless protection from construction to year-one operations.