Climate technology businesses develop, import, distribute, install or support products and services that improve energy efficiency or enable lower-emission operations. Mercantile arranges commercial insurance for Australian climate-tech and energy-efficiency businesses.

Insurance for climate technology and energy efficiency businesses

Relevant operations can include building automation, energy management, efficient heating and cooling, heat pumps, battery controls, charging equipment, recycling technologies, alternative materials and software connected to energy systems. We focus on commercial businesses and their supply chains.

Different business models, different insurance exposures

• Manufacturers and importers of equipment or components
• Distributors and wholesalers supplying commercial customers
• Installers and contractors integrating systems into buildings
• Consultants, engineers and technical service providers
• Software or technology firms providing monitoring, control or analytics
• Maintenance and support providers

Cover options we can discuss

Depending on operations, cover discussions may include public and products liability, product errors and omissions, professional indemnity, property and business interruption, contract works, marine cargo, cyber and management liability. The best starting point is a clear description of the products or services, who uses them and what the business is responsible for.

New or evolving technologies may require detailed underwriting information. A standard policy may restrict particular products, applications, performance guarantees, installation methods or jurisdictions. We can help present the business to insurers and explain relevant insurance terms, limits, exclusions and deductibles.

Questions about climate-tech insurance

Can one policy cover both a product and a service?

Some insurers consider combined programmes, but each activity must be declared and accepted. The policy may treat product liability, professional services and cyber exposures differently.

Does liability insurance cover a product’s failure to meet a performance target?

Not necessarily. Performance guarantees, contractual liabilities, replacement costs and financial loss can be restricted or excluded. The actual policy wording determines cover.

Can a business with overseas sales obtain cover?

Some insurers consider international sales or services, subject to territorial and jurisdiction terms, product details and underwriting acceptance.

Arrange a review

Tell us about the technology, products, services, revenue, sales locations, installation work, subcontractors and existing insurance. We can consider insurers with relevant appetite.