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Energy Efficiency Retrofit insurance
Providing the confidence to deliver net zero retrofits
Energy Efficiency Retrofit insurance is specifically designed to give property asset owners, investors and energy service companies the certainty to finance and deliver net-zero, retrofit building projects.
DUAL can help you do more
- Be confident projects will deliver 100% of the projected financial benefit
- Lock in predicted revenues and cost savings from the installations
- Guard against failure, breakdown, or damage to the installed equipment and works
- Potentially increase project financing options, with off balance sheet and private financing
Key benefits
Cover shortfalls in energy saving performance
The policy covers any shortfall in projected annual energy savings, including losses resulting from design and implementation deficiencies.
Breakdown and accidental damage cover
The broad policy wordings offer comprehensive protection for property and materials installed as part of the project. Accidental damage cover is included as standard, so no unplanned maintenance surprises and expense.
Revenue interruption cover
When equipment damage or failure results in lost energy revenue, we’ll help to pick up the shortfall, eliminating lost income potential.
New for old replacement
Equipment is replaced on a new for old basis, helping to keep projected savings on track.
Early warning technology available
DUAL can help with access to approved remote monitoring technology that offers early warnings of performance issues. This helps to avoid losses down the line and improve asset management capabilities.
Why choose DUAL?
With AA+ Superior rated cover and partner connections, we are able to provide you with:
Confidence that your retrofit projects will deliver the planned return on investment
Leading technology, delivering remote monitoring, improved asset management ability
Technical energy assessment and project selection capability
Access to private and potentially off balance sheet financing
Risk appetite
DUAL will consider a wide range of building projects and technologies intended to reduce energy consumption or generate clean energy.
Existing buildings and properties
Energy generation equipment
Energy-saving equipment
Applicable to these target sectors
Higher education
Corporate real estate
Commercial real estate
Industrial
Hotels
Social housing
Meet the team
Rob Best
Rob Best
Managing Director
Rob has over 40 years' experience within the London insurance market, building respected casualty broking teams at Minet, JLT, Gallagher and Willis. He has also recently managed and led the sale of a £40m GWP Specialty MGA into a private equity backed roll up business.
David Sparrow
David Sparrow
Head of Growth and Distribution
David has been in senior business leadership positions for 30 years, 23 in ownership positions and 16 of which were on the main board of a 3,500-person, £240m multinational company, including seven years as CEO.
David spent five years on the Senior Management Committee of a global €2.8bn, design, engineering & property consultancy, Dutch PLC.
Rikke Olesen
Rikke Olesen
Lead Underwriter
Rikke has over 20 years’ experience in the industry, 15 of which in Environmental Risks, running and growing an Environmental insurance book. Prior to joining DUAL in 2024, Rikke developed an Environmental proposition for the Nordic M&A Market in collaboration with leading M&A brokers.
Samantha Walters
Samantha Walters
Underwriter
Samantha is Underwriter Environment & Decarbonisation. Prior to joining the team at DUAL, Samantha worked for MX Underwriting (formerly CLS Risk Solutions) specialising in Environmental Insurance. In her current role, Samantha assesses the arrangement, implementation and subsequent writing for DUAL’s new market-leading environmental offering.
Underwriting requirements
Cover for expected energy savings is subject to a valuable technical audit. You’ll need to show that the proposed measures are both technically feasible and financially viable.
Drawing upon deep reserves of data, analytics, and expertise, we’re able to guide you in accessing the right information. Please get in touch for further details.