Hartford Steam Boiler Inspection and Insurance Company (HSB)

Hartford Steam Boiler Inspection and Insurance Company (HSB)

Hartford Steam Boiler (HSB), part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services. HSB insurance offerings include equipment breakdown, cyber risk, specialty liability and other coverages. HSB blends its engineering expertise, technology and data to craft inventive insurance and service solutions for existing and emerging risks posed by technological change. Throughout its 150 year history HSB's mission has been to help clients prevent loss, advance sustainable use of energy and build deeper relationships that benefit business, public institutions and consumers. HSB holds A.M. Best Company's highest financial rating, A++ (Superior).

Markets Served

HSB's products can be applied to both single risk projects (e.g. Industrial facilities, commercial office buildings, municipalities, universities, schools or hospitals) and to smaller risk projects aggregated into a portfolio (e.g. Private Equity owned portfolio of 300 restaurants).

Geographical regions served: USA, including Puerto Rico, and Canada. HSB can underwrite risks in Europe via our sister company, HSB Engineering Insurance (EIL).

Products and Services

Energy Efficiency Insurance- Designed to help mitigate the technical risk associated with energy efficiency projects.

  • Covers difference between projected and actual energy savings due to defects in design, manufacture, or installation of the applicable equipment.
  • Eligible energy efficiency measures may include: HVAC, lighting, or building control system upgrades, insulation improvements, and others.
  • Deductibles ranging from 5% to 20% of projected savings.
  • Pricing is based on a percentage of projected savings.
  • Customized coverage addresses the needs of ESCOs, building owners, project lenders, or pay-for-performance programs.

Energy Shortfall Insurance – Designed to help mitigate the technical risk associated with distributed generation (e.g. Fuel Cells, Cogen, energy storage) and utility scale solar PV projects.

Coverages are subject to applicable terms, conditions, exclusions, and limitations.  Please refer to the actual policy terms for applicable coverages.  Not all coverages may be available in all states. 

To Learn More, Contact

Name: David Tine        
Title: Complex Client Group - Energy
Phone: (860)-722-5749
Email: david_tine@hsb.com

Hartford Steam Boiler (HSB), part of Munich Re, is a multi-line specialty insurer and provider of inspection, risk management and IoT technology services.

Challenge Commitment
$25 million