Insurance Solutions by Industry
Insurance Solutions for Wind Farms in Cyprus
A wind farm combines heavy machinery, advanced technology and dependence on the wind. We help owners and asset managers in Cyprus examine what that means in practice.
The nature of the sector
A wind farm relies on turbines, blades, electrical equipment and its connection to the grid. Lightning, fire, severe weather or mechanical failure can stop a turbine and require costly specialist repairs. Remote sites and the need for cranes or parts can make downtime longer. Risks vary with the location, turbine model, maintenance contract, access roads and obligations to lenders or the network operator.
6 Insurance Areas Worth Considering
Every business is different. These are six insurance areas commonly worth considering in this industry, depending on the activities and how the business operates.
Property & Installations Insurance
Relates to physical damage to the installations and property of the wind farm from incidents covered in the policy.
Machinery & Electrical Breakdown Insurance
Relates to sudden breakdown of wind turbines and the wind farm's electromechanical equipment, subject to the terms of the cover.
Business Interruption / Loss of Revenue
Relates to lost revenue and continuing expenses when a covered incident interrupts or reduces generation.
Public Liability
Relates to injury or damage involving contractors, visitors, neighbouring land or the public around the wind farm.
Employers’ Liability
Relates to workplace accidents where the operator employs technicians or maintenance staff, including work at height.
Cyber Insurance
Relates to cyberattacks or incidents affecting digital monitoring, control or other systems used to operate the wind farm.
Realistic examples
What could disrupt your business?
Turbine breakdown
A mechanical or electrical failure takes a wind turbine out of operation and affects production until it is repaired.
Damage to third-party property
A piece of equipment or another incident connected with the wind farm's operation damages neighbouring property.
Severe weather damage
Strong winds, a storm or lightning damage wind turbines or other installations at the wind farm.
Employee injury during maintenance
An employee is injured while inspecting, repairing or maintaining a wind turbine.
Theft of cables or equipment
Cables, spare parts or other equipment are stolen from the wind farm's installations.
Cyberattack on control systems
A cyberattack affects monitoring or control systems and disrupts the wind farm's operation.
These are illustrative examples to help explain risk. They are not statements about what any policy would or would not respond to — that always depends on the wording and the circumstances.
Our approach
Insurance starts with understanding your business.
We look at the number and age of the units, the location and exposure of the site, the maintenance contract, spare-part availability and realistic restoration times. Only once the operation is understood do we discuss appropriate insurance solutions.
This page is general information about the sector. It does not describe policy terms, conditions or exclusions, and it is not a recommendation.
- What the business does
- How it operates day to day
- Premises and equipment
- Employees and the people you rely on
- Customers, clients and visitors
- Professional responsibilities
- Operational dependencies
- Risks that could materially affect you
Vesta Needs Review
Not sure what your business needs?
Start with the Vesta Needs Review. Answer a few simple questions about your business and we will help identify the areas that may be worth reviewing.
Prefer to speak with us?
If you would rather talk it through, tell us a little about your business and we will come back to you. No lengthy forms at this stage.
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