products

Offshore Wind

Specialist coverage, tried and tested in the marine environment

Offshore Wind

Your insurance partner in the move offshore

The nature of working in the demanding marine environment means that the risks of constructing and operating an offshore wind farm are substantial.

With narrow windows of favourable weather for project access, the financial impact of downtime and delay in start up can be costly – and these risks are set to grow in prominence as costs fall, sites grow in size and technical complexity, and the industry moves into deeper waters.

GCube has a 11+ year track record insuring offshore wind projects in Europe and further afield. We have underwritten a number of first-in-market projects worldwide, from early near-shore and fixed-foundation developments to the very first floating wind demonstrator sites off Japan.

Our tried and tested coverage includes Construction All Risks (CAR), Operation All Risks (OAR), Ocean Transit All Risks and Marine Delay in Start Up cover. For more information about our offshore wind insurance services, download the WindPro product sheet.

12GWoffshore wind capacity underwritten

$700Mproperty capacity

ARated by A.M. Best, S&P

$250Min ocean transit

6floating wind projects insured

Offshore Wind specialists

GCube’s Underwriting and Claims teams have the market-specific knowledge and experience to help you protect your offshore wind farm throughout its lifecycle. Get in touch with one of our specialist underwriters to find out how we can support you.

See full team