Wind farm enterprise is gearing up to fill the much anticipated gap being created by soaring oil prices and the global controversy relating to the concept of 'peak oil'.

The very nature of the energy issues involve huge amounts of high value capital, which when coupled with an immature political and economic environment surrounding wind farms, as well as long planning, erection, testing and operational processes, can harbour unprecedented levels of risk.

It is vital that your investment and endeavour is comprehensively protected and Insurance is one risk transfer mechanism that should be blended with assignment of responsibilities under contract and risk reduction through management.

Financing and erecting wind farms is a complicated process often involving a variety of contractors and technical consultants.

Managing these different people and checking their insurance arrangements dovetail with your own are among the complications that you face, along with a detailed understanding of the insurance regulations on and offshore depending on the country where the wind farm is to be based.